Retail Franchise opportunities to start in Bury
What to consider when opening a business in Bury
Are you considering opening a franchise? Bury, in the East of England, could have a lot to offer. By becoming a franchisee, you could benefit from training and marketing support from an established brand while running your own business. Check out the brands currently recruiting in Huntingdonshire. We offer a number of franchises to suit various budgets and career objectives. Have a look at our range of brands and sectors to see what might suit you.
There are 177,000 people living in the Huntingdonshire area. When broken down by age group, the majority of the population falls within the 40-59 category. The local unemployment rate of 3.7% is comparable to the UK average of 4%. The local labour force consists of 88,700 people, representing 82.3% of the population. The UK's annual average income is close to £31,000. Salaries in Huntingdonshire are slightly higher in comparison, averaging £32,122 a year.
Why choose to open a business in the High Street Shops sector?
Are you interested in the High Street Shops sector? If so, there are 19 available franchises to choose from in the United Kingdom. Multiple brands offer franchise options in other sectors within the Retail industry. For instance, there are three E Cigarette franchises, two Cosmetic franchises, two Greeting Card franchises, two Music Shop franchises and three Craft franchises. You'll find opportunities to suit many different career goals and aspirations. In Huntingdonshire, there are currently 6,000 people employed in the Retail industry, so you would become a part of an established business network.
Three franchise business examples
If you're interested in the High Street Shops sector, take a look at Post & Packing, a brand that launched in 2012. There are 11 locations open so far, and the network is expanding quickly. An initial investment of £50,000 will enable you to start your own Post & Packing business. In most cases, your personal investment should represent 30 to 50% of the total amount. Post & Packing requires you to personally invest at least £35,000. You could potentially apply for a loan to cover the remaining costs. Due to the higher startup costs, this option is not advisable for first-time franchisees. The training and assistance provided by Post & Packing give you the tools to manage your own business successfully. Financial assistance can also be given in some circumstances.
Santos is another interesting option. The brand has a well-established network and good exposure, operating in 260 franchise outlets. You will need to invest £300,000 to start running your own Santos business, which is a substantial initial investment. Your personal investment should account for at least £100,000 of the total amount. It is thus less appropriate for new investors. A small premises will also be required to operate this business. You will have all the guidance you need to manage your business thanks to the training and support provided by Santos. And if you can't cover the startup costs on your own, you may be eligible for financial aid.
As a final High Street Shops franchise option, have a look at Schmidt. By joining its current 28 franchisees, you would be joining a growing brand network. To start your own Schmidt franchise, you will need to invest £350,000, of which at least £80,000 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. A small premises will also be required to operate this business. Training and assistance provided by Schmidt will help you take your business in the right direction. And, if eligible, you might be entitled to financial aid. Visit our website for more information.
There are currently 19 available investment opportunities in the High Street Shops sector. Have a look at these brands to find out if there's a good fit for you. If you are still not sure which sector best suits your needs, have a look through our selection of 238 new business investment opportunities across a variety of sectors on Point Franchise.
NOMIS and the ONS provided the data shown on this page. This text was automatically generated by LabSense.