Retail Franchise opportunities to start in Ipswich
What to consider when starting a franchise in Ipswich
Ipswich, 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 Ipswich area. Explore our sectors and brands to find your best options among various franchising opportunities, keeping in mind your personal interests and career goals.
According to recent census data, there are 138,000 people in Ipswich. The age group with the highest concentration is 20-39. The labour force constitutes 77.9% of the population, or approximately 67,900 people. The region has an unemployment rate of 6% which is slightly higher than the UK average of 4%. With an average gross annual income of £25,828, salaries in Ipswich are slightly lower than the average income of just over £30,500 across the United Kingdom.
The High Street Shops sector: An interesting opportunity for franchisees
Across the UK, there are currently 19 opportunities to open your own franchise in the High Street Shops sector. The High Street Shops sector is part of the Retail sector which offers a wide range of interesting options. These include three Fashion franchises, two Cosmetic franchises, three E Cigarette franchises, two Greeting Card franchises and four Sweet Shop franchises. See if any catch your eye. If you are thinking about starting a business in Retail, Ipswich could be a good place to do it. Indeed, 7,000 people have already made the decision to work in this field in the Ipswich area.
Want to know more? Read about these three brands
If you're interested in the High Street Shops sector, take a look at Schmidt. This brand is growing, counting 28 locations in the UK. You will need an initial investment of £350,000 to start your own Schmidt business. Your personal investment should account for at least £80,000 of the total amount. You may want to consider getting a loan to start a business in this sector. Due to the higher startup costs, this option is not recommended for first-time franchisees. A small premises will also be required to operate this business. If you can't cover the startup costs on your own, you could find out if you qualify for financial assistance.
Check out Veeno, another interesting High Street Shops franchise. There are eight outlets open so far, and the network is expanding. An initial investment of £80,000 will enable you to start your own Veeno business. In most cases, your personal investment should represent 30 to 50% of the total amount. Veeno requires you to personally invest at least £35,000. You could potentially get a loan to cover the remaining costs. It is thus less appropriate for new investors. You will also need to invest in a large premises to operate this business. If you can't afford the startup costs on your own, you may qualify for financial aid. See our website for more information.
Finally, another brand worth considering is Cash Generator. First opened in 1997, the brand has gained valuable experience and expertise over the past 23 years. The brand runs in 700 franchise locations which make up a strong business community. You will need to invest £240,000 to open your own Cash Generator business. At least £80,000 of this significant amount should come from your own personal investment. Given these higher startup costs, this is an opportunity best suited for most established franchisees with greater access to financial resources.
We offer a total of 19 businesses in the High Street Shops sector. If you're interested, see if the perfect franchising opportunity for you is among them. Point Franchise currently has a total of 236 brands recruiting franchisees across a variety of sectors. Have a look to see which other sectors you might want to invest in.
This page contains machine-generated content provided by LabSense, using data collected from NOMIS and the ONS.