Retail Franchise opportunities to start in Torquay
What to know before starting a business in Torquay
Franchising is a great way to start your own business, while benefitting from the comprehensive support of an established brand. Check out our selection of brands in Torquay, located in the Torbay area in the South West, where many companies are currently recruiting. There are a number of franchising options available based on your budget and career objectives. Have a look to find the brand that appeals to you most.
According to recent census data, there are 136,000 people in Torbay. When broken down by age group, the 60+ age range is the most prevalent in the population. Torbay has an unemployment rate of 4.1% within its labour force of 59,400 people. This rate is comparable to the UK average. With an average gross annual income of £23,343, salaries in Torbay are lower than the average income of £30,629 across the UK.
Why the High Street Shops sector appeals to franchisees
Are you interested in running your own business in the High Street Shops sector? Have a look at our 19 franchise opportunities available in this field. Multiple brands offer franchise opportunities in other sectors within the Retail sector. For instance, there are 19 Retail franchises, four Printing franchises, three Craft franchises, three Fashion franchises and two Greeting Card franchises. You'll find opportunities to suit all kinds of career goals and aspirations. In Torbay, the Retail industry already provides work for nearly 6,000 people, potentially making this path an ideal one for you, too!
Here are three examples of franchise businesses
If you are interested in opening a business in the High Street Shops sector, Promedica24 could be an option for you. By joining its network of 100 franchisees, you could play a part in this brand's success. To start your business, you will need an initial investment of £40,000. If you intend to get a loan to cover the costs of opening a franchise, a personal investment of 30 to 50% of the total amount will generally be required. For Promedica24, the minimum personal investment is £1,000. These low startup costs make it a good option to pursue for first-time franchisees.
Santos is another competitive brand operating in the High Street Shops sector. You will need to invest £300,000 to open your own Santos business. At least £100,000 of this significant amount should come from your own personal investment. The higher startup costs make this an opportunity best suited for most established franchisees with greater access to financial resources. You will also need to invest in a small premises to operate this business. If you can't afford the startup costs on your own, you may qualify for financial assistance. Visit our website for more information.
Lastly, Cash Generator is another successful brand that has been operating in the High Street Shops sector since 1997. The brand has acquired valuable experience and expertise over the past 23 years. The brand has a well-established network and good exposure, running in 700 franchise locations. A significant initial investment of £240,000 will enable you to open your own Cash Generator business. In most cases, your personal investment should represent 30 to 50% of the total amount. Cash Generator requires you to personally invest at least £80,000. You could potentially get a loan to cover the remaining costs. It is thus less appropriate for new investors.
The High Street Shops sector offers 19 franchising opportunities. At Point Franchise, we have close to 250 new business investment opportunities available, giving you plenty to choose from in other sectors as well.
This page contains data collected from NOMIS and the ONS. This content was automatically generated by LabSense.