Retail Franchise opportunities to start in Bournemouth
What to know before opening a business in Bournemouth
The Dorset area offers many interesting business opportunities. If you like the idea of running your own business, you should consider franchising. This would allow you to work for yourself while benefiting from the support of an established brand. Have a look on this page to discover the franchise options available to you in Bournemouth. We offer a number of realistic new business investment possibilities, so that you can find one you like.
The population of Dorset is 396,000. The majority of the population falls within the 60+ age group. The local unemployment rate of 2.2% among 202,000 economically active people, or 82.8% of the population, is significantly lower than the average in the United Kingdom. The local income averages £29,514 per year, which is in line with the close to £31,000 average salary in the UK as a whole.
Why the High Street Shops sector might be a good option for you
The High Street Shops sector currently offers 19 franchise opportunities. If this sector appeals to you, take a look at our options. This is just one of the sectors you could choose within the Retail sector. There are also 19 Retail franchises, two Music Shop franchises, four Sweet Shop franchises, three Fashion franchises and three E Cigarette franchises. Have a browse and see if any are a good fit for you.
Want to know more? Read about these three brands
If you would like to invest in the High Street Shops sector, Card Group could be a good option. Initially established in 1997, the brand has acquired valuable experience and expertise over the past 23 years. A network of 1,500 franchisees promotes the brand's exposure. To start your own Card Group franchise, you will need to invest £60,000, of which at least £40,000 should be your own personal investment. You could get a loan to help cover the remaining startup costs. Due to the higher startup costs, this option is not advisable for first-time franchisees. If you can't afford the startup costs on your own, you may qualify for financial aid.
Cash Converters is an interesting franchising opportunity in the High Street Shops sector. In business since 1984, Cash Converters now offers its expertise to a loyal customer base, built up over 36 years. The brand's network is vast, counting 200 outlets in the United Kingdom. Starting a Cash Converters business requires a significant initial investment of £100,000. If you plan on getting a loan to cover the startup costs, Cash Converters asks for a personal investment of at least £39,000. For most franchises, this amount represents 30 to 50% of the total investment. Due to the higher startup costs, this option is not recommended for first-time franchisees.
Lastly, another interesting investment opportunity is Veeno. This brand is expanding, counting eight locations across the country. Opening a Veeno business requires an initial investment of £80,000. At least £35,000 should come from your own personal investment. Given these higher startup costs, this is an opportunity best suited for most established franchisees with greater access to financial resources. You will also need to invest in a large premises to operate this business. When investing in this franchise, you could be eligible for financial assistance. Visit our website for more information.
The High Street Shops sector offers 19 franchising options. If this sector doesn't suit your needs, don't worry. Point Franchise offers almost 250 franchise options across a variety of sectors to help you find your perfect investment opportunity.
Data on this page was provided by NOMIS and the ONS. This content was machine-generated in partnership with LabSense.