Retail & Stores Franchise opportunities to start in Lancaster
Thinking about living and working in Lancaster?
You could start your own business by becoming a franchisee in Lancaster. There are a number of franchise options to choose from in Lancaster, located in the North West of England. Have a look at our range of brands and start managing your own business with a team behind you. Browsing our selection of brands and sectors will allow you to pinpoint the type of business that is right for you.
There are an estimated 144,000 people living in the Lancaster area. When broken down by age group, 20-39 year olds represent the largest portion of the population. Unemployment affects 4% of the UK population. With a rate of 4.7%, unemployment in this area is slightly higher than the national average. The labour force amounts to 62,900 people, making up 69.5% of the population. For the Lancaster area, the average salary is £27,639, which is slightly lower than the national average income of close to £31,000.
What the Retail industry could offer you
If the idea of running a business in the Retail industry appeals to you, check out the 61 brands currently recruiting franchisees in the field. With four Sweet Shop franchises, four Printing franchises, three Fashion franchises, two Music Shop franchises and two Greeting Card franchises, this sector has great potential for exciting business plans. See if there's a brand to suit your goals and interests. You may be interested to know that businesses in the Lancaster area currently employ 6,000 people in the Retail industry.
Here are three examples of franchise businesses
If you would like to invest in the Retail industry, Cash Converters could be a good option. Initially established in 1984, the brand's extensive experience, good reputation and wide exposure are valuable assets. The brand's network is made up of 200 franchisees, which enhance its visibility. A total of £100,000, a substantial initial investment, is required to open a Cash Converters franchise. You might want to consider getting a loan to cover the startup costs, in which case at least £39,000 of the total investment should come from your personal funds. Due to the higher startup costs, this option is not advisable for first-time franchisees.
Tubz Vending is an interesting franchising opportunity in the Retail industry. By joining its network of 300 franchisees, you would become a part of a strong business community. To start your own Tubz Vending business, you will need an initial investment of £3,295. These low startup costs make this a good franchising option 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 entitled to financial aid.
Lastly, take a look at Mac Tools, another interesting Retail franchise that launched in 2011. The brand runs in 170 franchise locations which make up a well-established business community. You will need to invest £50,000 to start your own Mac Tools business. At least £5,000 of this affordable amount should come from your own personal investment. Given these low startup costs, this option could be suitable for first-time franchisees. Also, if you can't afford the startup costs on your own, you may qualify for financial support. See our website for details.
If you are interested in the Retail industry and would like to learn more about its available franchising options, explore the 61 companies currently recruiting franchisees in the sector. Whether you've already decided to invest or are still weighing your options, it's worth looking at different sectors. At Point Franchise, we offer a total of almost 250 franchising opportunities to help you find the right fit.
NOMIS and the ONS provided the data shown on this page. This text was automatically generated by LabSense.