Retail & Stores Franchise opportunities to start in Darlington
Starting a franchise business in Darlington
Darlington, located in the North East of England, has many opportunities for people looking to open their own business. There are several brands currently recruiting franchisees in the Darlington area. This could mean working for yourself while receiving the comprehensive support of an established brand. To start off with, look for the line of work that appeals to you the most. This is a quick way to find the franchise best suited to you.
The Darlington region has 107,000 residents. Residents aged 40 to 59 years old make up the majority of the population. Approximately 50,500 people are economically active in the region, representing 79.4% of the population. The unemployment rate (6.5%) is high compared to the national average (4%). The gross annual salary in Darlington amounts to £27,867, which is slightly lower than the national average of just over £30,500.
The Retail industry: An interesting opportunity for franchisees
If the idea of running a business in the Retail industry appeals to you, check out the 61 brands currently recruiting franchisees in the field. Available brands include three Fashion franchises, two Music Shop franchises, four Tool franchises, two Cosmetic franchises and four Sweet Shop franchises. You are likely to find a business that fits your career goals and aspirations among our multiple investment options. Moreover, the number of people currently employed in a specific industry gives an idea of how dynamic it is. In the Darlington area, 4,500 people are employed by Retail companies.
Read about these three brands to see what franchise opportunities exist
If you're planning to invest in the Retail industry, take a look at Cash Converters, a brand that launched in 1984. Cash Converters now offers its expertise to a loyal customer base, built up over 36 years. The brand operates in 200 franchise locations which make up a well-established business community. You will need to invest £100,000 to begin running your own Cash Converters business, which is a substantial initial investment. Your personal investment should account for at least £39,000 of the total amount. Due to the higher startup costs, this option is not recommended for first-time franchisees.
If the Retail industry appeals to you, Snap-on is another option you could consider. In order to open a Snap-on business, a significant initial investment of £110,143 is required. If you plan on getting a loan to cover the startup costs, you will generally need to cover 30 to 50% of the total investment yourself. Snap-on asks for a personal investment of at least £24,143. Given these low startup costs, this opportunity is suitable for both first-time investors and established franchisees.
Finally, another interesting franchising opportunity is Noa Noa. By joining its 90 franchises already in operation, you could contribute to this brand's expansion. By investing in this franchise, you may be eligible for financial assistance. See our website for details.
The Retail industry has many successful franchise businesses. We currently have 61 options available in this sector. On Point Franchise, there is plenty of choice in other sectors too. We have close to 250 new business investment opportunities in total to choose from.
NOMIS and the ONS provided the data shown on this page. This text was automatically generated by LabSense.