Retail Franchise opportunities to start in Lowestoft
Starting a new business in Lowestoft
Are you considering opening a franchise? Lowestoft, in the East of England, could have a lot to offer. By becoming a franchisee, you could receive training and marketing support from an established brand while running your own business. Have a look at the brands currently recruiting in Suffolk. If you already know which line of work you'd like to pursue, check out our franchise opportunities in that sector. If not, look around and see what other options catch your eye. We have brands to suit many different interests and career goals.
Recent figures show that Suffolk has a population of 759,000 residents. When broken down by age group, the 60+ age range is the most prevalent in the population. The local unemployment rate of 2.4% among 350,800 economically active people, or 80.2% of the population, is significantly lower than the average in the United Kingdom.
Why open a franchise in the High Street Shops sector?
Are you interested in the High Street Shops sector? If so, there are 19 available brands to choose from across the country. Could a starting business in the High Street Shops sector, or in the Retail sector more widely, help you reach your career goals and aspirations? Take a look at the two Music Shop franchises, three Craft franchises, four Sweet Shop franchises, four Printing franchises and two Cosmetic franchises recruiting at this time. In Suffolk, the Retail industry already provides work for nearly 32,000 people, potentially making this path an ideal one for you, too!
Want to know more? Read about these three brands
The High Street Shops sector has many franchise options available, such as Cash Converters, which was first established in 1984. The brand's extensive experience, good reputation and wide exposure are valuable assets. The brand operates in 200 franchise locations which make up a strong business community. You will need to invest £100,000 to begin running your own Cash Converters business, which is a substantial initial investment. Your personal investment should account for at least £39,000 of the total amount. Due to the higher startup costs, this option is not advisable for first-time franchisees.
Another brand worth considering is Noa Noa. By joining its network of 90 franchisees, you could contribute to this brand's success. If you can't afford the startup costs on your own, you may qualify for financial assistance.
Finally, Schmidt is another interesting franchise option if you plan to invest in the High Street Shops sector. By joining its current 28 franchisees, you would become a part of a growing brand network. This business opportunity requires a substantial initial investment of £350,000. You could get a loan to help cover startup costs, in which case your personal investment will generally need to cover 30 to 50% of the total investment. Schmidt requires a minimum personal investment of £80,000. It is thus less appropriate for new investors. 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 aid. Visit our website for details.
There are currently 19 available franchising opportunities in the High Street Shops sector. Have a look at these businesses to see if there's a good fit for you. You will find a total of 236 franchise possibilities here on Point Franchise. So if you haven't settled on one sector yet, take your time and explore all the options.
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