Retail Franchise opportunities to start in Kingston upon Hull
What to consider when starting a franchise in Kingston upon Hull
Franchising is a great way to start your own business, while benefitting from the comprehensive support of an established brand. Have a look at our range of brands in Kingston upon Hull, located in the East Riding of Yorkshire area in Yorkshire and the Humber, where many businesses are currently recruiting. Deciding which sector you'd like to work in will lead you to the brands that best suit your needs and career goals.
The population of East Riding of Yorkshire is 340,000. Residents aged over 60 years old have the highest concentration within the population. The local labour force consists of 157,900 people, or 81.8% of the total population. With an unemployment rate of 3.6%, recent data indicates that employment in this area is lower than in the rest of the United Kingdom. The average annual salary across the UK is £30,629. With a gross income averaging £29,761, residents of East Riding of Yorkshire have a salary in line with the national average.
Why the High Street Shops sector appeals to franchisees
The High Street Shops sector currently offers 19 franchise opportunities. If this sector appeals to you, check out our options. In addition to the business opportunities in the High Street Shops sector, the Retail industry offers four Tool franchises, two Cosmetic franchises, three Fashion franchises, three Craft franchises and two Music Shop franchises. Take a look at the brands to see if your perfect match is among them.
Eager to find out more? Here are three franchise business examples
The High Street Shops sector has many franchise opportunities available, such as Zip Yard, which opened in 2005. This brand has developed a comprehensive support package, drawing on its 15 years of experience in the field. By investing in this established brand, you can gain access to expert training and support
Cash Converters could be another good option for you to invest in. First established in 1984, Cash Converters now has 36 years of experience in the sector, making it a strong leader. The brand's network is significant, counting 200 outlets across the country. To start your business, you will need an initial investment of £100,000. 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 Cash Converters, the minimum personal investment is £39,000. Due to the higher startup costs, this option is not recommended for first-time franchisees. If you make the decision to invest in this franchise, you will be offered comprehensive training and support, giving your business the best possible chance to thrive.
As a final example, have a look at Veeno. By joining its current eight franchisees, you would be joining a growing brand network. This business requires an initial investment of £80,000. If you plan on getting a loan to cover startup costs, you should anticipate adding a personal investment of 30 to 50% of the total investment as a general rule. The minimal personal investment to open a Veeno business is £35,000. The higher startup costs make this an opportunity best suited for most established franchisees with greater access to financial resources. A large premises will also be required to operate this business. This investment entitles you to training, assistance and support from Veeno. You could also receive financial aid, if eligible. See eligibility details on our website.
If you would like to know more about franchise opportunities in the High Street Shops sector, have a browse through our 19 available options. If you are still not sure which sector best suits your needs, have a look through our selection of almost 250 new business investment opportunities across a variety of sectors on Point Franchise.
This text was automatically generated in partnership with LabSense, using data provided by NOMIS and the ONS.
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