Retail & Stores Franchise opportunities to start in Jarrow
Starting a new business in Jarrow
The South Tyneside area offers many interesting business opportunities. If you like the idea of opening your own business, you should consider franchising. This would allow you to work for yourself while benefiting from the support of an established brand. Have a look on this page to discover the franchise options available to you in Jarrow. Why not have a look through our selection of new business investment options? There are opportunities to suit many needs and business objectives.
According to recent census data, 150,000 people live in South Tyneside. The age group with the highest concentration is 40-59. The community has 67,300 economically active people, representing 74.4% of the population, with an unemployment rate of 8.2%. This rate is slightly higher than the country's 4% national average. The annual salary in the UK is £30,629 on average. The people of South Tyneside earn an average annual salary of £24,834, slightly lower than the national average.
What the Retail industry could offer you
There are 61 franchises in the Retail industry to choose from. This sector offers a range of interesting options, including three Toy Store franchises, three E Cigarette franchises, three Craft franchises, four Sweet Shop franchises and two Cosmetic franchises. See if any catch your eye. If you're interested in the Retail industry, you're not alone. In South Tyneside, 4,000 people currently work in the sector.
Three examples of available franchise business possibilities
Snap-on could be a great choice for you if you're planning to invest in the Retail industry. To start your own Snap-on franchise, you will need to invest £110,143, of which at least £24,143 should be your own personal investment. You could apply for a loan to help cover the remaining startup costs. 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.
Another option worth considering is Signorini TARTUFI. There are 31 locations open so far, and the network is expanding. This business opportunity requires a substantial initial investment of £90,000. 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. Signorini TARTUFI requires a minimum personal investment of £30,000. Due to the higher startup costs, this option is not advisable for first-time franchisees. You will also need to invest in a small premises to operate this business. Financial assistance is available for eligible franchisees.
Finally, another interesting franchising opportunity is Ecigwizard, which launched in 2011. The brand is growing quickly, with 45 outlets currently in operation, and a desire to expand further. This business requires an initial investment of £60,000. 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 an Ecigwizard business is £40,000. It is thus less appropriate for new investors. If you can't afford the startup costs on your own, you may be eligible for financial aid. See eligibility details on our website.
The Retail industry has many successful franchise businesses. We currently have 61 opportunities available in this sector. With 236 franchising opportunities to choose from across various sectors, you have a good chance of finding a brand that meets your needs on Point Franchise.
This text was automatically generated in partnership with LabSense, using data collected from NOMIS and the ONS.