Retail Franchise opportunities to start in Southend-on-Sea
Starting a franchise business in Southend-on-Sea
The Southend-on-Sea area offers many interesting business opportunities. If you are interested in opening your own business, you should consider franchising. This would allow you to work for yourself while benefiting from the support of an established brand. Have a look on this page to discover the franchise options available to you in Southend-on-Sea. With your interests and career goals in mind, have a look at our range of new business investment opportunities.
The population of Southend-on-Sea is made up of 182,000 residents. When broken down by age group, the majority of the population sits within the 40-59 category. The area has 90,200 economically active people, representing 80.5% of the population, with an unemployment rate of 3.9%. This rate is in line with the country's 4% national average. Across the UK, the average gross income is close to £31,000. In the Southend-on-Sea area, it amounts to £33,169.
Why open a franchise in the High Street Shops sector?
If you're thinking about becoming a franchisee in the High Street Shops sector, take a look at our 19 franchise options currently available in the sector. The Retail industry offers a variety of options in addition to those in the High Street Shops sector. These include four Sweet Shop franchises, three E Cigarette franchises, three Fashion franchises, three Craft franchises and three Toy Store franchises. Have a look at the brands available to find out which could be your perfect match. If you want to run a business in the Retail industry, it could be useful to know that companies in the industry currently employ 7,000 people in the Southend-on-Sea area.
Take a look at three franchise business examples
If you're planning to invest in the High Street Shops sector, check out Noa Noa. The brand is expanding, with 90 outlets currently in operation, and a desire to expand further. By investing in this franchise, you may be eligible for financial support.
Cash Converters is another successful brand that has been operating in the High Street Shops sector since 1984. The brand has grown a dedicated following over the past 36 years. The brand's network is made up of 200 franchisees, which promote its visibility. Starting a Cash Converters business requires a substantial initial investment of £100,000. If you plan on getting 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. Due to the higher startup costs, this option is not advisable for first-time franchisees.
As a final example, have a look at Schmidt. By joining its network of 28 franchisees, you could play a part in this brand's success. Opening a Schmidt business requires a substantial initial investment of £350,000. At least £80,000 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. When investing in this franchise, you could qualify for financial aid. Visit our website for details.
If you would like to work in the High Street Shops sector, the perfect business opportunity could be waiting for you among our 19 available franchises in the sector. You will find a total of almost 250 franchise possibilities here on Point Franchise. So if you haven't settled on one sector yet, take your time and explore all the options.
NOMIS and the ONS provided the data shown on this page. This text was automatically generated by LabSense.