Retail Franchise opportunities to start in Norwich
Norwich is an attractive town to invest in
Norwich, located in the East of England, offers a variety of new business investment options, especially if you like working for yourself but not on your own. Learn more about our franchising possibilities here. You might just find the right brand for starting your own business in the Norwich area. Explore our sectors and brands to find your best options among many franchising opportunities, keeping in mind your personal interests and business objectives.
There are approximately 141,000 people currently living in Norwich. The 20-39 age group has the highest concentration within the population. The community has 73,400 economically active people, representing 78.3% of the population, with an unemployment rate of 7.6%. This rate is slightly higher than the country's 4% national average. The UK's annual average income is close to £31,000. Salaries in Norwich are slightly lower in comparison, averaging £26,353 a year.
Running a franchise in the High Street Shops sector
There are currently 19 opportunities to invest in the High Street Shops sector. If you would like to operate a business in this sector, keep reading. The High Street Shops sector is just one example of a sector you could invest in. Could your ideal business be among our four Sweet Shop franchises, four Printing franchises, three Toy Store franchises, two Greeting Card franchises and 19 Retail franchises available in the Retail industry? Have a look to find out.
Three examples of available franchise business opportunities
Cash Generator is an interesting franchise that has been operating in the High Street Shops sector since 1997. The brand has gained valuable experience and expertise over the past 23 years. By joining its network of 700 franchisees, you would become a part of a well-established business community. You will need to invest £240,000 to begin running your own Cash Generator business, which is a significant initial investment. Your personal investment should account for at least £80,000 of the total amount. Due to the higher startup costs, this option is not advisable for first-time franchisees.
Another interesting franchising opportunity is Cash Converters, which has been operating since 1984. Cash Converters is a recognized leader in the field, with 36 years of experience under its belt the brand has a strong network and good visibility, operating in 200 franchise locations. Starting a Cash Converters franchise will require you to invest a minimum of £100,000. At least £39,000 of this should come from your own personal investment. It is thus less appropriate for new investors.
Finally, Granite & TREND Transformations is another successful brand operating in the High Street Shops sector. This business opportunity requires an initial investment of £67,500. You could get a loan to help cover startup costs, in which case your personal investment will generally need to cover 30 to 50% of the total investment. Granite & TREND Transformations asks for a minimum personal investment of £30,000. Given these higher startup costs, this is an opportunity best suited for most established franchisees with greater access to financial resources.
If you want to work in the High Street Shops sector, the perfect investment opportunity could be waiting for you among our 19 available franchises in the sector. On Point Franchise, there is plenty of choice in other sectors too. We have close to 250 franchising opportunities in total to choose from.
This page contains machine-generated content provided by LabSense, using data collected from NOMIS and the ONS.