Retail Franchise opportunities to start in Paignton
Paignton is an attractive town to invest in
Many brands are currently recruiting franchisees in Paignton, located in South West England. By becoming a franchisee, you could manage your own business while receiving comprehensive training and marketing support. Keep reading to explore the options in the Torbay area. There are a number of new business investment options available based on your budget and career goals. Have a browse to find the brand that appeals to you most.
Torbay has an estimated population of 136,000 residents. The majority of the population sits within the 60+ age range. The local unemployment rate of 4.1% among 59,400 economically active people, or 78.1% of the population, is in line with the average in the UK. The local income averages £23,343 per year, which is lower than the close to £31,000 average income in the UK as a whole.
The High Street Shops sector could be the right choice for you
There are 19 UK-based franchises available in the High Street Shops sector. Many brands offer franchise opportunities in other sectors within the Retail sector. For instance, there are four Tool franchises, two Music Shop franchises, four Printing franchises, three Craft franchises and two Greeting Card franchises. You'll find opportunities to suit many different career objectives and aspirations. If you want to operate a business in the Retail industry, it could be useful to know that companies in the field currently employ 6,000 people in the Torbay area.
Three franchise business examples worth looking at
If you're interested in the High Street Shops sector, take a look at CAVAVIN. The brand has a strong network and good visibility, running in 160 franchise locations. A substantial initial investment of £100,000 will enable you to open your own CAVAVIN business. In most cases, your personal investment should represent 30 to 50% of the total amount. CAVAVIN requires you to personally invest at least £40,000. You could potentially apply for a loan to cover the remaining costs. Due to the higher startup costs, this option is not advisable for first-time franchisees. A large premises will also be required to operate this business. If you can't afford the startup costs on your own, you could find out if you qualify for financial aid.
Another brand worth considering is Promedica24. By joining its 100 franchises already in operation, you could contribute to this brand's expansion. To start your own Promedica24 franchise, you will need to invest £40,000, of which at least £1,000 should be your own personal investment. You could get a loan to help cover the remaining startup costs. Whether you're an established franchisee or a first-time investor, the low startup costs mean that this could be a good option for you.
Lastly, if the High Street Shops sector appeals to you, Santos is another option you could consider. The brand's network is vast, counting 260 outlets across the country. Starting a Santos franchise will require you to invest a minimum of £300,000. At least £100,000 of this should come from your own personal investment. It is thus less appropriate for new investors. A small premises will also be required to operate this business. If you can't afford the startup costs on your own, you may qualify for financial assistance. See eligibility details on our website.
Eager to read more about business opportunities in the High Street Shops sector? Have a look at our 19 available options. If you are still not sure which sector best suits your needs, have a look through our range of 236 franchising opportunities across a variety of sectors on Point Franchise.
Data on this page was collected from NOMIS and the ONS. This content was machine-generated in partnership with LabSense.