Retail & Stores Franchise opportunities to start in Billingham

Billingham is an attractive town to invest in

Would you like to run your own business? Billingham, located in North East England, could be a good place to start. There are many businesses currently recruiting franchisees in the Stockton-on-Tees area. Franchising gives you the opportunity to run your own business while benefitting from the support of an established brand. Why not have a look through our range of franchising options? There are opportunities to suit various needs and career objectives.

There are 197,000 people living in the Stockton-on-Tees area. When broken down by age group, the majority of the population falls within the 40-59 category. The labour force in Stockton-on-Tees amounts to 91,500 people, with an unemployment rate of 6%. This rate is slightly higher than the national average. With an average gross annual income of £26,850, salaries in Stockton-on-Tees are slightly lower than the average salary of close to £31,000 across the United Kingdom.

Why Retail businesses appeal to franchisees

There are 61 franchises in the Retail industry to choose from. You will find two Greeting Card franchises, three E Cigarette franchises, four Sweet Shop franchises, two Cosmetic franchises and two Music Shop franchises offering the opportunity to invest. Explore our available brands to find a potential match. If you're interested in the Retail industry, you're not alone. In Stockton-on-Tees, 9,000 people currently work in the sector.

Take a look at these three business examples

In business since 2011, Ecigwizard is a competitive brand operating in the Retail industry. The brand is expanding quickly, with 45 locations currently in operation, and a desire to expand further. You will need to invest £60,000 to begin operating your own Ecigwizard business. Your personal investment should account for at least £40,000 of the total amount. Given these higher startup costs, this is an opportunity best suited for most established franchisees with greater access to financial resources. An investment in this franchise entitles you to financial aid, if eligible.

Have a look at Cash Converters. Opened in 1984, the brand has grown a dedicated following over the past 36 years. The brand's network is significant, counting 200 outlets in the United Kingdom. This business requires a significant initial investment of £100,000. 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 Cash Converters business is £39,000. Due to the higher startup costs, this option is not advisable for first-time franchisees.

Lastly, another option worth considering is Noa Noa. By joining its current 90 franchisees, you would be joining a growing brand network. Also, if you can't cover the startup costs alone, you may be entitled to financial assistance. See our website for more information.

Eager to read more about business opportunities in the Retail industry? Check out our 61 available options. If you're still torn between different sectors, no problem! Point Franchise offers 236 franchising opportunities across many different sectors. Enjoy exploring your options.

NOMIS and the ONS provided the data shown on this page. This text was automatically generated by LabSense.