Retail Franchise opportunities to start in Thetford
Why should you invest in Thetford?
You could start your own business by becoming a franchisee in Thetford. There are a number of opportunities to choose from in Breckland, located in the East of England. Have a look at our selection of brands and start running your own business with a team behind you. Starting a business should be exciting! Check out our range of franchising options, starting with the sectors that you feel most passionate about.
According to recent census data, there are 139,000 people in Breckland. The most represented age group is 60+ years old. The community has a 3.1% unemployment rate, which is lower than the national average of 4%. Overall, the region's economically active population consists of 63,400 people or 80.0% of the total population. Salaries in Breckland average £23,688 a year, while in the UK the average salary is close to £31,000.
The High Street Shops sector: An interesting opportunity for franchisees
If the idea of running a business in the High Street Shops sector appeals to you, take a look at the 19 brands currently recruiting franchisees in the field. You will find many business opportunities in the Retail industry, including those in the High Street Shops sector. Other possibilities include three E Cigarette franchises, three Craft franchises, two Music Shop franchises, four Printing franchises and two Greeting Card franchises. There might be one worth considering among them. If you're interested in the Retail industry, you're not alone. In Breckland, 5,000 people currently work in the sector.
Want to know more? Read about these three brands
If you are interested in opening a business in the High Street Shops sector, read about Granite & TREND Transformations. A total of £67,500 is required to start a Granite & TREND Transformations franchise. You might want to consider getting a loan to cover the startup costs, in which case at least £30,000 of the total investment should come from your personal funds. Due to the higher startup costs, this option is not advisable for first-time franchisees.
Check out Schmidt, another attractive High Street Shops franchise. By joining its 28 franchises already in operation, you could contribute to this company's expansion. You will need to invest £350,000 to open your own Schmidt business. At least £80,000 of this substantial amount should come from your own personal investment. Given these higher startup costs, this opportunity is less suitable for first-time franchisees. You will also need to invest in a small premises to operate this business. You could also benefit from financial assistance, if eligible. Visit our website for details.
As a final High Street Shops franchise option, take a look at Cash Converters. Launched in 1984, Cash Converters has acquired expertise and customer loyalty in its 36 years since opening. The brand's network is significant, counting 200 locations across the United Kingdom. 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 start a Cash Converters business is £39,000. It is thus less appropriate for new investors.
There are currently 19 new business investment opportunities available in the High Street Shops sector. If you're still torn between different sectors, no problem! Point Franchise offers 236 franchising opportunities across a variety of sectors. Enjoy exploring your options.
This text was automatically generated in partnership with LabSense, using data provided by NOMIS and the ONS.