Retail Franchise opportunities to start in Grays
Grays is waiting for you to begin a franchise business
The franchising opportunities in Grays, located in the East of England, are numerous. As a franchisee, you could have the independence of working alone with the support of a team behind you. Stay on this page to discover which brands you could work with in Thurrock. Explore our different franchising options to find the sectors and brands that most appeal to you.
There are an estimated 173,000 people living in the Thurrock area. The most prevalent age group in the population falls in the 0-19 age bracket. The community has a 5.5% unemployment rate, which is slightly higher than the national average of 4%. There are 89,300 economically active people in the area, representing 81.5% of the total population. Thurrock has an average annual income of £30,610, which is in line with the national average salary of £30,629.
Running a franchise in the High Street Shops sector
There are 19 brands offering franchise opportunities in the High Street Shops sector. In fact, the Retail sector as a whole offers a wide range of franchises to invest in, including 19 Retail franchises, three Fashion franchises, two Music Shop franchises, four Sweet Shop franchises and two Greeting Card franchises. Have a look at our available brands to find a potential match.
Take a look at three franchise business examples
There are many interesting franchising possibilities in the High Street Shops sector. Take Ecigwizard for example, a brand that was first established in 2011. There are 45 locations open so far, and the network is expanding quickly. You will need to invest £60,000 to start operating your own Ecigwizard business. Your personal investment should account for at least £40,000 of the total amount. Due to the higher startup costs, this option is not advisable for first-time franchisees. If you can't afford the startup costs on your own, you may qualify for financial aid.
If the High Street Shops sector appeals to you, Cash Converters is another option you could consider. First established in 1984, Cash Converters has acquired many dedicated customers over the past 36 years. By joining its network of 200 franchisees, you would become a part of a strong business community. Opening a Cash Converters business requires a significant initial investment of £100,000. If you intend to get a loan to cover the startup costs, Cash Converters asks for a personal investment of at least £39,000. For most franchises, this amount represents 30 to 50% of the total investment. Given these higher startup costs, this opportunity is less suitable for first-time franchisees.
Finally, another brand worth considering is CAVAVIN. The brand's network is made up of 160 franchisees, which promote its visibility. 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 CAVAVIN business is £40,000. Given these higher startup costs, this is an opportunity best suited for most established franchisees with greater access to financial resources. A large premises will also be required to operate this business. Also, if you can't afford the startup costs on your own, you may qualify for financial support. Visit our website for more information.
If working in the High Street Shops sector appeals to you, take a look at our 19 available investment opportunities in the sector. You will find a total of close to 250 franchise opportunities here on Point Franchise. So if you haven't settled on one sector yet, take your time and explore all the options.
This page contains machine-generated content provided by LabSense, using data collected from NOMIS and the ONS.