Retail Franchise opportunities to start in Colchester
Investing in a franchise in Colchester
Colchester, located in the East of England, currently offers many franchising opportunities. As a franchisee, you could manage your own business while receiving expert training and support from an established brand. Keep reading to explore the options in the Colchester area. We offer a number of franchises to suit various budgets and career objectives. Take a look at our range of brands and sectors to see what might suit you.
Recent figures show that 193,000 people live in Colchester. Residents aged 20 to 39 years old are the most represented in the population. Unemployment affects 4% of the UK population. With a rate of 3.6%, unemployment in this area is lower than the national average. The economically active population amounts to 93,800 people, making up 75.6% of the population. In the UK, the average gross income is £30,629; in the Colchester area, it is £33,390.
Running a High Street Shops franchise business
In the UK, there are 19 franchises recruiting in the High Street Shops sector. The High Street Shops sector is just one example of a sector you could invest in. Could your ideal business be among our three Fashion franchises, three Craft franchises, three E Cigarette franchises, two Music Shop franchises and four Tool franchises available in the Retail sector? Have a look to find out. The Retail industry provides work for many people. In Colchester, businesses currently employ 9,000 people in the field.
Three examples of available franchise business opportunities
If you're planning to invest in the High Street Shops sector, take a look at Ecigwizard, a brand that opened in 2011. This brand is developing quickly, counting 45 locations across the UK. Starting an Ecigwizard franchise will require you to invest a minimum of £60,000. At least £40,000 of this should come from your own personal investment. It is thus less appropriate for new investors. You may qualify for financial assistance.
Post & Packing is another interesting brand operating in the High Street Shops sector. The first franchise launched in 2012. In order to start a Post & Packing business, an initial investment of £50,000 is required. If you plan on getting a loan to cover the startup costs, you will typically need to cover 30 to 50% of the total investment yourself. Post & Packing requires a personal investment of at least £35,000. Due to the higher startup costs, this option is not recommended for first-time franchisees. Financial aid can be provided in some circumstances.
Finally, have a look at Tubz Vending, another competitive High Street Shops franchise. By joining its network of 300 franchisees, you would become a part of a well-established business community. Initially, you would need to invest £3,295 to get your own Tubz Vending business up and running. Whether you're an established franchisee or a first-time investor, the low startup costs mean that this could be a good option for you. You will also need to invest in a small premises to operate this business. By investing in this franchise, you may be eligible for financial support. See our website for more information.
Many businesses are already operating in the High Street Shops sector. We currently have 19 franchise options available in the sector. If you are still not sure which sector best suits your needs, have a look through our selection of almost 250 new business investment opportunities across a variety of sectors on Point Franchise.
This text was automatically generated in partnership with LabSense, using data collected from NOMIS and the ONS.