Retail Franchise opportunities to start in Great Yarmouth
What to consider when starting a franchise in Great Yarmouth
The franchising options in Great Yarmouth, located in the East of England, are numerous. As a franchisee, you could have the independence of working alone with the support of a team behind you. Stay on this page to find out which brands you could work with in Great Yarmouth. There are a number of new business investment opportunities available based on your budget and career goals. Have a browse to find the brand that appeals to you most.
According to recent census data, 99,000 people live in Great Yarmouth. Residents in the 60+ age group make up the largest portion of the population. In terms of employment, the area has an economically active population of 44,700 people (75.3%), of which the unemployment rate is 3.8%. This figure is in line with the average unemployment rate across the country. Across the UK, the average gross income is just over £30,500. In the Great Yarmouth area, it amounts to £23,743.
The High Street Shops sector and its business opportunities
If you wish to open a business in the High Street Shops sector, check out our 19 brands currently recruiting franchisees in the sector. The High Street Shops sector is just one sector among many in the Retail industry. Its 19 Retail franchises, two Greeting Card franchises, two Music Shop franchises, three Fashion franchises and two Cosmetic franchises are also worth considering. Let our selection of brands be your guide to starting your next exciting franchising opportunity. In Great Yarmouth, the Retail industry already provides employment for nearly 4,500 people, potentially making this path an ideal one for you, too!
Three examples of available franchise business possibilities
If you're interested in the High Street Shops sector, have a look at Santos. The brand has a well-established network and good exposure, running in 260 franchise locations. Opening a Santos business requires a substantial initial investment of £300,000. At least £100,000 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. Financial aid can be provided in some circumstances.
Cash Converters is an interesting franchise option in the High Street Shops sector. Initially established in 1984, the brand has grown a loyal following over the past 36 years. By joining its network of 200 franchisees, you would become a part of a strong business community. This business requires a substantial initial investment of £100,000. 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 Cash Converters business is £39,000. Given these higher startup costs, this opportunity is less suitable for first-time franchisees.
Finally, another interesting investment opportunity is Gautier. There are two outlets open so far, and the network is expanding. A small premises will be required to operate this business. Also, if you can't cover the startup costs alone, you may be entitled to financial assistance. See our website for more information.
Eager to read more about business opportunities in the High Street Shops sector? Explore our 19 available options. If you're still torn between different sectors, no problem! Point Franchise offers almost 250 franchising opportunities across many different sectors. Enjoy exploring your options.
NOMIS and the ONS provided the data shown on this page. This text was automatically generated by LabSense.