Retail & Stores Franchise opportunities to start in Edinburgh
What to consider when starting a business in Edinburgh
The Edinburgh area offers many interesting business opportunities. If you are interested in running your own business, you should consider franchising. This would allow you to work for yourself while receiving the support of an established brand. Have a look on this page to discover the franchise options available to you in Edinburgh. Deciding which sector you'd like to work in will lead you to the brands that best suit your needs and career objectives.
The Edinburgh region has 527,600 residents. Residents aged 25 to 44 years old make up the majority of the population. Approximately 285,700 people are economically active in the region, representing 77.9 %of the population. The unemployment rate (4,3%) is in line with the national average (4%). The gross annual salary in Edinburgh amounts to £38,134 , which is higher than the national average of just over £30,500.
Could the Retail industry be the right choice for you?
There are 61 brands offering franchise options in the Retail industry. There are currently three Toy Store franchises, three E Cigarette franchises, four Printing franchises, two Greeting Card franchises and two Cosmetic franchises recruiting franchisees. Have a browse to find out whether any fit your career goals and aspirations.
Three franchise business examples
If you're interested in the Retail industry, have a look at Cash Generator. In business since 1997, Cash Generator has proved itself to be a successful business and leader in the sector in its 23 years since opening. By joining its network of 700 franchisees, you would become a part of a strong business community. A total of £240,000, a substantial initial investment, is required to open 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. Due to the higher startup costs, this option is not recommended for first-time franchisees.
Another interesting franchise option is Tubz Vending, a competitive business operating in the Retail industry. To open your own Tubz Vending business, you will need an initial investment of £3,295. These low startup costs make it a good option to pursue for first-time franchisees. A small premises will also be required to operate this business. Financial assistance is available for eligible franchisees.
Finally, another option to consider is Ecigwizard, a brand that was first established in 2011. By joining its 45 franchises already in operation, you could contribute to this company's rapid expansion. This business opportunity requires an initial investment of £60,000. 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. Ecigwizard requires a minimum personal investment of £40,000. 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 be eligible for financial aid. See our website for more information.
If you would like to learn more about franchise opportunities in the Retail industry, have a look through our 61 available options. With almost 250 new business investment opportunities to choose from across a variety of sectors, you have a good chance of finding a brand that meets your needs on Point Franchise.
NOMIS and the ONS provided the data shown on this page. This text was automatically generated by LabSense.