Retail & Stores Franchise opportunities to start in Whitley Bay
Whitley Bay could be home to your new business
Would you like to run your own business? Whitley Bay, located in North East England, could be a good place to start. There are many brands currently recruiting franchisees in the North Tyneside area. Franchising gives you the opportunity to run your own business while benefitting from the support of an established brand. Browsing our selection of companies and sectors will allow you to pinpoint the type of business that is right for you.
There are approximately 206,000 people currently living in North Tyneside. The most prevalent age range in the population is 40 to 59 years old. 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. With an average gross annual income of £27,665, salaries in North Tyneside are slightly lower than the average income of £30,629 across the United Kingdom.
Business opportunities in the Retail industry
There are 61 brands offering franchise options in the Retail industry. Among the business opportunities in this field, you will find three E Cigarette franchises, four Tool franchises, two Music Shop franchises, two Cosmetic franchises and three Fashion franchises. The perfect business to suit your career goals and aspirations might just be among them. If you're interested in the Retail industry, you may want to consider how many people already work in the sector. In North Tyneside, Retail companies currently employ 8,000 people.
Three franchise business examples
Tubz Vending is a competitive business operating in the Retail industry. The brand benefits from a well-established network and good visibility, operating in 300 franchise outlets. An initial investment of £3,295 will enable you to open your own Tubz Vending business. These relatively low startup costs make it a good option to pursue for first-time franchisees. 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 aid.
You could also consider Signorini TARTUFI. By joining its current 31 franchisees, you would be joining a growing brand network. A significant initial investment of £90,000 will enable you to start your own Signorini TARTUFI business. In most cases, your personal investment should represent 30 to 50% of the total amount. Signorini TARTUFI requires you to personally invest at least £30,000. You could potentially apply for a loan to cover the remaining costs. 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. You may be eligible for financial assistance. See our website for details.
As a final Retail franchise option, check out Cash Generator. Launched in 1997, the brand has gained valuable experience and expertise over the past 23 years. The brand's network is significant, counting 700 locations across the country. Opening a Cash Generator business requires a significant initial investment of £240,000. If you plan on getting a loan to cover the startup costs, Cash Generator asks for a personal investment of at least £80,000. For most franchises, this amount represents 30 to 50% of the total investment. It is thus less appropriate for new investors.
Many businesses are already operating in the Retail industry. We currently have 61 franchise options available in the sector. You will find a total of 236 franchise possibilities here on Point Franchise. So if you haven't settled on one sector yet, take your time and explore all the options.
NOMIS and the ONS provided the data shown on this page. This text was automatically generated by LabSense.