Retail Franchise opportunities to start in Stanford-le-Hope
Investing in a franchise in Stanford-le-Hope
Would you like to run your own business? Stanford-le-Hope, located in the East of England, could be a good place to start. There are many brands currently recruiting franchisees in the Thurrock area. Franchising gives you the opportunity to run your own business while benefitting from the support of an established brand. Deciding which sector you'd like to work in will lead you to the businesses that best suit your needs and business goals.
The population of Thurrock is 173,000. The population's most prevalent age group is made up of 0-19 year olds. Unemployment affects 4% of the UK population. With a rate of 5.5%, unemployment in this area is slightly higher than the national average. The economically active population amounts to 89,300 people, representing 81.5% of the population. The annual salary in the UK is close to £31,000 on average. The people of Thurrock earn an average annual salary of £30,610, in line with the national average.
Why choose to work in the High Street Shops sector?
Are you interested in the High Street Shops sector? If so, there are 19 available franchises to choose from in the UK. The High Street Shops sector is just one sector among many in the Retail sector. Its three Toy Store franchises, two Cosmetic franchises, three Craft franchises, two Greeting Card franchises and four Sweet Shop franchises are also worth considering. Let our selection of brands be your guide to starting your next exciting investment opportunity.
Have a look at these three business examples
If you like the idea of starting a business in the High Street Shops sector, Santos could be an option for you. The brand's network is significant, counting 260 outlets across the United Kingdom. Starting a Santos franchise will require you to invest a minimum of £300,000. At least £100,000 of this should come from your own personal investment. 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. Also, if you can't cover the startup costs alone, you may be able to benefit from financial assistance.
Cash Generator is an interesting franchise option in the High Street Shops sector. First opened in 1997, the company is now mature and a leader within the sector, having developed its franchise network for 23 years. The brand operates in 700 franchise locations which make up a strong business community. A total of £240,000, a significant initial investment, is required to start a Cash Generator franchise. You might want to consider getting a loan to cover the startup costs, in which case at least £80,000 of the total investment should come from your personal funds. Given these higher startup costs, this is an opportunity best suited for most established franchisees with greater access to financial resources.
Finally, another interesting franchising opportunity is Ecigwizard, which was first established in 2011. By joining its current 45 franchisee, you would be joining a fast growing brand network. This business requires an initial investment of £60,000. If you intend to get 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 open an Ecigwizard business is £40,000. The higher startup costs make this an opportunity best suited for most established franchisees with greater access to financial resources. By investing in this established brand, you could qualify for financial aid. Visit our website for details.
The High Street Shops sector offers many interesting franchising opportunities, including our 19 franchise options. On Point Franchise, there is plenty of choice in other sectors as well. We have 236 new business investment opportunities in total to choose from.
This text was automatically generated in partnership with LabSense, using data provided by NOMIS and the ONS.