Retail & Stores Franchise opportunities to start in Cramlington
Why should you invest in Cramlington?
If you want to start your own business, you may find that Cramlington has a lot to offer. Many brands are currently recruiting franchisees in the Northumberland area. Keep reading to see if running a franchise could be a good option for you! Have a look at our various franchising options to discover the sectors and brands that most appeal to you.
There are 320,000 people living in the Northumberland region. The age group with the highest concentration is 60+. The local unemployment rate of 6.1% among 141,300 economically active people, or 77.0% of the population, is slightly higher than the average in the United Kingdom. The United Kingdom's annual average income is £30,629. Salaries in Northumberland are slightly lower in comparison, averaging £26,168 a year.
Have you considered the Retail industry?
The Retail industry currently offers 61 franchise opportunities. If this sector appeals to you, take a look at our options. With four Sweet Shop franchises, two Music Shop franchises, four Printing franchises, three E Cigarette franchises and three Craft franchises, this field has great potential for exciting business ventures. See if there's a brand to suit your goals and interests.
Three examples of available franchise business possibilities
The Retail industry has many franchise opportunities available, such as Mac Tools, which has been in business since 2011. The brand's network is made up of 170 franchisees, which increase its visibility. You will need to invest £50,000 to open your own Mac Tools business. At least £5,000 of this reasonable amount should come from your own personal investment. These low startup costs make this a good franchising option for first-time franchisees. Also, if you can't afford the startup costs on your own, you may qualify for financial assistance.
Another option to consider is Minuteman Press. The brand operates in 975 franchise locations which make up a strong business network. You will need an initial investment of £50,000 to open your own Minuteman Press business. Your personal investment should account for at least £25,000 of the total amount. You may want to consider getting a loan to start a business in this sector. Whether you're an established franchisee or a first-time investor, the low startup costs mean that this could be a good option for you. Financial aid can be given in some circumstances. See eligibility details on our website.
Finally, another option to consider is Cash Converters, a brand that first opened in 1984. Cash Converters has acquired expertise and customer loyalty in its 36 years since opening. By joining its network of 200 franchisees, you would become a part of a well-established business community. Starting a Cash Converters business requires a significant initial investment of £100,000. If you intend to get 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. Given these higher startup costs, this is an opportunity best suited for most established franchisees with greater access to financial resources.
If you are thinking about running a franchise business in the Retail industry, you might be interested to explore our 61 available brands. But you also have plenty of investment possibilities in other sectors as well, including more than 232 franchising opportunities available on Point Franchise.
This text was automatically generated in partnership with LabSense, using data collected from NOMIS and the ONS.