Retail Franchise opportunities to start in Exmouth
What to know before opening a franchise in Exmouth
Located in South West England, Exmouth is an area with business opportunities on the rise. If working as your own boss with a team behind you sounds appealing, take a look at our franchising opportunities in East Devon and take the first step towards running your own business. Explore our sectors and brands to find your best options among different franchising opportunities, keeping in mind your personal interests and career objectives.
The East Devon area has 144,000 residents. The most prevalent age group in the population is over 60 years old. With an average gross annual income of £26,974, salaries in East Devon are slightly lower than the average income of close to £31,000 across the United Kingdom.
Running a High Street Shops franchise business
Across the United Kingdom, there are currently 19 opportunities to open your own franchise in the High Street Shops sector. In addition to the business opportunities in the High Street Shops sector, the Retail sector offers three E Cigarette franchises, three Craft franchises, two Cosmetic franchises, four Sweet Shop franchises and two Music Shop franchises. Have a look at the brands to see if your perfect match is among them. Many companies in East Devon already operate in the Retail industry, which employs 5,000 people. You would be joining a well-established business community.
Three franchise business examples
Post & Packing is a competitive franchise that has been operating in the High Street Shops sector since 2012. By joining its current 11 franchisees, you would become a part of a fast growing brand network. To start your business, you will need an initial investment of £50,000. 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 typically be required. For Post & Packing, the minimum personal investment is £35,000. Due to the higher startup costs, this option is not recommended for first-time franchisees. By investing in this franchise, you may qualify for financial support.
Another option worth considering is Cash Converters. First launched in 1984, Cash Converters has gained many dedicated customers over the past 36 years. The brand operates in 200 franchise locations which make up a strong business community. A significant initial investment of £100,000 will enable you to start your own Cash Converters business. In most cases, your personal investment should represent 30 to 50% of the total amount. Cash Converters requires you to personally invest at least £39,000. You could potentially get a loan to cover the remaining costs. Due to the higher startup costs, this option is not recommended for first-time franchisees.
Lastly, another interesting franchising opportunity is Ecigwizard, which was first established in 2011. By joining its network of 45 franchisees, you could play a part in this up-and-coming brand's success. In order to open an Ecigwizard business, an initial investment of £60,000 is required. If you plan on getting a loan to cover the startup costs, you will usually need to cover 30 to 50% of the total investment yourself. Ecigwizard requires a personal investment of at least £40,000. Due to the higher startup costs, this option is not advisable for first-time franchisees. Financial aid can be given in some circumstances. Visit our website for more information.
If you are interested in the High Street Shops sector and would like to learn more about its available franchising options, look into the 19 companies currently recruiting franchisees in the sector. You will find a total of close to 250 franchise options on Point Franchise. So if you are still looking for the perfect business opportunity, there are still plenty of options for you to explore.
This text was automatically generated in partnership with LabSense, using data provided by NOMIS and the ONS.