Retail Franchise opportunities to start in Peterborough
Peterborough is waiting for you to begin a franchise business
If you're thinking about running your own business in Peterborough, located in the East of England, you should look at franchising options. Several brands are currently recruiting in the Peterborough area. As a franchisee you could run your own business while benefitting from comprehensive support. Keep reading to see if this could be for you. To start off with, look for the line of work that appeals to you the most. This is a quick way to find the franchise best suited to you.
There are 201,000 people living in the Peterborough area. Residents aged 20 to 39 years old are the most represented in the population. The region has a labour force of 98,700 people, or 79.7% of the total population. The unemployment rate (6.2%) is high compared to the rest of the United Kingdom. Peterborough has an average annual salary of £26,549, which is slightly lower than the national average income of close to £31,000.
Investment options in the High Street Shops sector
If you're considering becoming a franchisee in the High Street Shops sector, take a look at our 19 franchise opportunities currently available in the sector. You will find many business opportunities in the Retail industry, including those in the High Street Shops sector. Other possibilities include two Music Shop franchises, 19 Retail franchises, three Fashion franchises, four Sweet Shop franchises and two Cosmetic franchises. There might be one worth considering among them.
Three examples of available franchise business possibilities
If you would like to invest in a High Street Shops business, you could consider Noa Noa. There are 90 outlets open so far, and the network is expanding. If you can't afford the startup costs on your own, you may be eligible for financial assistance.
Another interesting franchising opportunity is Mail Boxes Etc. Franchisees benefit from this company's wide network, which operates across 1,600 franchise locations. This business opportunity requires an affordable initial investment of £60,000. You could get a loan to help cover startup costs, in which case your personal investment will usually need to cover 30 to 50% of the total investment. Mail Boxes Etc. requires a minimum personal investment of £25,000. Given these low startup costs, this opportunity is suitable for both first-time investors and established franchisees. When investing in this franchise, you could qualify for financial aid. See eligibility details on our website.
Lastly, Cash Generator, open since 1997, is another interesting option. The brand operates in 700 franchise locations which make up a well-established business network. Cash Generator now has over 23 years of experience under its belt. You will need to invest £240,000 to start 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. It is thus less appropriate for new investors.
The High Street Shops sector offers many interesting franchising opportunities, including our 19 franchise options. Whether you've already made the decision to invest or are still weighing your options, it's worth exploring different sectors. At Point Franchise, we have a total of close to 250 franchising opportunities to help you find the perfect fit.
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