Retail & Stores Franchise opportunities to start in Tynemouth
Opening a franchise business in Tynemouth
Would you like to run your own business? Tynemouth, located in the North East of 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 manage your own business while benefitting from the support of an established brand. Why not have a browse through our selection of new business investment options? There are opportunities to suit various needs and business objectives.
Recent figures show that 206,000 people live in North Tyneside. The majority of residents are aged 40 to 59 years old. Unemployment in the area (3%) is below par compared to the United Kingdom as a whole (4%). The labour force represents 80.4% of the local population, or 102,600 people. Residents in the area earn £27,665 per year on average. This income is slightly lower than the national average gross income, which reaches £30,629.
The Retail industry: An interesting opportunity for franchisees
Are you interested in the Retail industry? You're likely to come across a franchise worth considering among 61 brands in the UK. Available brands include three Toy Store franchises, three Fashion franchises, two Music Shop franchises, three Craft franchises and two Cosmetic franchises. You are likely to find a business that fits your career goals and aspirations among our numerous investment possibilities. It may interest you to know that companies in the North Tyneside area currently employ 8,000 people in the Retail industry.
Have a look at three franchise business examples
If you're interested in the Retail industry, take a look at Ecigwizard. This brand is growing quickly, counting 45 outlets across the UK. It has been running since 2011. To start your business, you will need an initial investment of £60,000. If you plan on getting a loan to cover the costs of opening a franchise, a personal investment of 30 to 50% of the total amount will usually be required. For Ecigwizard, the minimum personal investment is £40,000. Due to the higher startup costs, this option is not advisable for first-time franchisees. Also, if you can't afford the startup costs alone, you may be entitled to financial assistance.
Another option worth considering is The London Vape Company, a company that has been operating since 2014. The brand is developing quickly, with five locations currently in operation, and a desire to expand further. You will need an initial investment of £60,000 to start your own London Vape Company business. Your personal investment should account for at least £30,000 of the total amount. You may want to consider getting a loan to open a business in this sector. The higher startup costs make this an opportunity best suited for most established franchisees with greater access to financial resources. A small premises will also be required to operate this business. If you can't cover the startup costs on your own, you may qualify for financial aid.
Finally, Noa Noa could be another good option for you to invest in. By joining its current 90 franchisees, you would become a part of a growing brand network. When investing in this franchise, you could be eligible for financial aid. Visit our website for more information.
The Retail industry offers many interesting franchising opportunities, including our 61 franchise options. Whether you've already made the decision to invest or are still weighing your options, it's worth exploring different sectors. At Point Franchise, we have a total of close to 250 franchising opportunities to help you find the perfect fit.
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