Retail & Stores Franchise opportunities to start in South Shields
Thinking about living and working in South Shields?
If you want to open your own business, you may find that South Shields has a lot to offer. Many companies are currently looking for franchisees in the South Tyneside area. Read on to see if running a franchise could be a good option for you! By exploring the sectors that appeal to you the most, you will find the brands that best suit your interests and business goals.
The South Tyneside area has 150,000 residents. Residents aged 40 to 59 years old make up the majority of the population. The region 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. Across the United Kingdom, the average gross salary is close to £31,000. In the South Tyneside area, it amounts to £24,834.
Running a franchise in the Retail industry
There are currently 61 opportunities to invest in the Retail industry. If you would like to run a business in this sector, keep reading. With four Printing franchises, four Sweet Shop franchises, three Fashion franchises, two Greeting Card franchises and three E Cigarette franchises, this field has great potential for exciting business ventures. See if there's a brand to suit your goals and interests. If you want to operate a business in the Retail industry, it could be useful to know that companies in the industry currently employ 4,000 people in the South Tyneside area.
Three franchises that could interest you
Initially established in 2011, Ecigwizard operates in the Retail industry. There are 45 outlets open so far, and the network is expanding rapidly. To start your own Ecigwizard franchise, you will need to invest £60,000, of which at least £40,000 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 advisable for first-time franchisees. If you can't cover the startup costs on your own, you may be eligible for financial assistance.
You could also consider The London Vape Company, which has been in business since 2014. The brand is growing quickly, with five locations currently in operation, and a desire to expand further. A total of £60,000 is required to open a London Vape Company franchise. You might want to consider getting a loan to cover the startup costs, in which case at least £30,000 of the total investment should come from your personal funds. Due to the higher startup costs, this option is not recommended for first-time franchisees. A small premises will also be required to operate this business. Also, if you can't afford the startup costs alone, you may be entitled to financial aid.
Lastly, The Original Poster Company is another attractive brand operating in the Retail industry. The first franchise launched in 1991. The Original Poster Company has gained valuable experience in the field in its 29 years since first opening. By investing in this established brand, you could qualify for financial aid. See our website for more information.
If you would like to work in the Retail industry, the perfect investment opportunity could be waiting for you among our 61 available franchises in the sector. If you're interested in exploring business options in other sectors, we've got a total of 236 franchising opportunities to choose from on Point Franchise.
Data on this page was collected from NOMIS and the ONS. This content was machine-generated in partnership with LabSense.