Retail Franchise opportunities to start in Scarborough
Investing in a franchise in Scarborough
Franchising is a great way to start your own business, while benefitting from the comprehensive support of an established brand. Check out our range of brands in Scarborough, located in the Scarborough area in Yorkshire and the Humber, where many companies are currently recruiting. Starting a business should be exciting! Have a look at our selection of franchising opportunities, starting with the sectors that you feel most passionate about.
Scarborough has a population of approximately 109,000 people. The majority of the population sits within the 60+ age group. The 2.6% unemployment rate among 49,600 economically active people in the community is significantly lower than the national average. With an average gross annual income of £22,858, salaries in Scarborough are lower than the average income of close to £31,000 across the UK.
Why choose to open a business in the High Street Shops sector?
If you want to run your own business in the High Street Shops sector, the good news is that there are 19 franchises currently recruiting new franchisees across the country. The High Street Shops sector is just one sector among many in the Retail industry. Its three E Cigarette franchises, two Cosmetic franchises, 19 Retail franchises, three Craft franchises and four Sweet Shop franchises are also worth considering. Let our selection of brands be your guide to starting your next exciting business opportunity. If you are thinking about starting a business in Retail, Scarborough could be a good place to do it. Indeed, 5,000 people have already made the decision to work in this sector in the Scarborough area.
Three franchise business examples
If you'd like to open your own High Street Shops business, Cash Converters might be a great option for you. In operation since 1984, Cash Converters has acquired many devoted customers over the past 36 years. The brand's network is important, counting 200 locations across the country. Opening a Cash Converters business requires a significant initial investment of £100,000. At least £39,000 should come from your own personal investment. Given these higher startup costs, this opportunity is less suitable for first-time franchisees.
You could also consider Apollo Blinds, which has been in business since 1972. Apollo Blinds has grown a loyal following since opening 48 years ago. By joining its 50 franchises already in operation, you could contribute to this company's expansion. An initial investment of £20,000 will allow you to open your own Apollo Blinds business. Given these low startup costs, this option could be suitable for first-time franchisees.
Lastly, another possibility to consider is Cash Generator. The brand first opened in 1997. Cash Generator now has over 23 years of experience under its belt. The brand operates in 700 franchise locations which make up a well-established business network. You will need an initial investment of £240,000 to start your own Cash Generator business. Your personal investment should account for at least £80,000 of the total amount. You may want to think about getting a loan to start a business in this sector. Given these higher startup costs, this is an opportunity best suited for most established franchisees with greater access to financial resources.
The High Street Shops sector offers many interesting franchising opportunities, including our 19 franchise options. If you are still not sure which sector best suits your needs, have a look through our selection of close to 250 new business investment opportunities across a variety of sectors on Point Franchise.
This page contains data provided by NOMIS and the ONS. This content was automatically generated by LabSense.