Retail & Stores Franchise opportunities to start in Bolton
Why should you invest in Bolton?
If you'd like to run your own business but don't know where to start, a franchise might just be the solution. Bolton, situated in North West England, could be a good place to start as there are many businesses currently recruiting franchisees in the Bolton area. By exploring the sectors that appeal to you the most, you will find the brands that best suit your interests and career goals.
The population of Bolton is made up of 285,000 residents. The age group with the highest concentration is 40-59. In terms of employment, the region has a labour force of 132,000 people (74.5%), of which the unemployment rate is 7.5%. This figure is slightly higher than the average unemployment rate across the United Kingdom. Salaries in Bolton average £26,225 a year, while in the UK the average salary is £30,629.
Does the Retail industry appeal to you?
If you wish to open a business in the Retail industry, have a look at our 61 franchises currently recruiting franchisees in the sector. There are three Craft franchises, four Printing franchises, four Tool franchises, two Music Shop franchises and three Fashion franchises offering the opportunity to invest. Check out our available brands to find a potential match.
Three franchise business examples
If you're planning to invest in the Retail industry, take a look at The London Vape Company, a brand that launched in 2014. By joining its current five franchisees, you would become a part of a fast growing brand network. You will need to invest £60,000 to begin operating your own London Vape Company business. Your personal investment should account for at least £30,000 of the total amount. Given these higher startup costs, this is an opportunity best suited for most established franchisees with greater access to financial resources. You will also need to invest in a small premises to operate this business. Also, if you can't afford the startup costs alone, you may be able to benefit from financial assistance.
If the Retail industry appeals to you, Snap-on is another option you could consider. To start your business, you will need an initial investment of £110,143. If you plan on getting a loan to cover the costs of opening a franchise, a personal investment of 30 to 50% of the total amount will generally be required. For Snap-on, the minimum personal investment is £24,143. These low startup costs make this a good franchising option for first-time franchisees.
Finally, Noa Noa is another attractive brand operating in the Retail industry. If eligible, you might be entitled to financial aid. Visit our website for more information.
Starting a business in the Retail industry has great potential. If you're interested, explore our 61 available options. On Point Franchise, there is plenty of choice in other sectors too. We have close to 250 franchising opportunities in total to choose from.
Data on this page was collected from NOMIS and the ONS. This content was machine-generated in partnership with LabSense.