Retail & Stores Franchise opportunities to start in Wallsend
Why should you invest in Wallsend?
If you're interested in running your own business in Wallsend, located in North East England, you should explore franchising options. Several companies are currently recruiting in the North Tyneside area. As a franchisee you could manage your own business while benefitting from comprehensive support. Keep reading to see if this could be for you. Explore our sectors and brands to find your best options among many franchising opportunities, keeping in mind your personal interests and business goals.
A recent census found that 206,000 people live in North Tyneside. Residents aged 40 to 59 years old make up the majority of the population. The local unemployment rate of 3% among 102,600 economically active people, or 80.4% of the population, is lower than the average in the UK. Salaries in North Tyneside average £27,665 a year, while in the United Kingdom the average income is close to £31,000.
Why Retail businesses appeal to franchisees
Are you interested in the Retail industry? If so, there are 61 available brands to choose from across the UK. Among the business opportunities in this sector, there are four Printing franchises, four Tool franchises, three E Cigarette franchises, three Fashion franchises and two Cosmetic franchises. There might be one worth considering among them. If you want to operate a business in the Retail industry, it could be useful to know that companies in the industry currently employ 8,000 people in the North Tyneside area.
Eager to know more? Here are three franchise business examples
The Retail industry offers a range of brands to choose from, including Cash Converters. Launched in 1984, Cash Converters has acquired substantial customer loyalty over its 36 years in business. The brand runs in 200 franchise locations which make up a strong business network. To open your own Cash Converters franchise, you will need to invest £100,000, of which at least £39,000 should be your own personal investment. You could apply for a loan to help cover the remaining startup costs. Due to the higher startup costs, this option is not recommended for first-time franchisees.
Another possibility to consider is Signorini TARTUFI. By joining its 31 franchises already in operation, you could contribute to this brand's expansion. This business requires a significant initial investment of £90,000. If you intend to get a loan to cover startup costs, you should anticipate adding a personal investment of 30 to 50% of the total investment as a general rule. The minimal personal investment to start a Signorini TARTUFI business is £30,000. Due to the higher startup costs, this option is not recommended for first-time franchisees.
Lastly, Minuteman Press could be another good option for you to invest in. By joining its network of 975 franchisees, you would become a part of a well-established business community. This business opportunity requires a reasonable initial investment of £50,000. You could get a loan to help cover startup costs, in which case your personal investment will usually need to cover 30 to 50% of the total investment. Minuteman Press asks for a minimum personal investment of £25,000. These low startup costs make it a good option to pursue 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 details.
There are currently 61 available franchise options in the Retail industry. Take a look at these brands to find out if there's a good fit for you. But you also have plenty of investment options 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 provided by NOMIS and the ONS.