Retail & Stores Franchise opportunities to start in Telford
Investing in Telford could be your next move
Would you like to start a business in Telford, located in the West Midlands? Would you like to work for yourself but not on your own? If so, check out our franchising options. On this page, you'll find several brands offering the training and support you need to run your own business in the Telford and Wrekin area. Starting a business should be exciting! Have a look at our range of franchising opportunities, focusing on the sectors that you feel most passionate about.
Telford and Wrekin has an estimated population of 178,000 residents. Residents in the 40-59 age category make up the largest portion of the population. The community has 88,300 economically active people, representing 80.4% of the population, with an unemployment rate of 4.5%. This rate is slightly higher than the country's 4% national average. For the Telford and Wrekin area, the average income is £25,758, which is slightly lower than the UK average salary of £30,629.
What the Retail industry could offer you
If you wish to run a business in the Retail industry, take a look at our 61 franchises currently recruiting franchisees in the field. There are four Tool franchises, two Greeting Card franchises, two Cosmetic franchises, four Sweet Shop franchises and three Toy Store franchises offering franchising opportunities. You'll find options to suit many different career objectives and aspirations. If you're keen on the Retail industry, you may want to consider how many people already work in the industry. In Telford and Wrekin, Retail companies currently employ 7,000 people.
Three franchise business examples worth looking at
If you plan to invest in a Retail business, you could consider Noa Noa. There are 90 outlets open so far, and the network is expanding. Eligible candidates may apply for financial assistance. See our website for more information.
Take a look at Cash Generator, another attractive Retail franchise that launched in 1997. The company now has 23 years of experience, making it a leader in the sector. By joining its network of 700 franchisees, you would become a part of a well-established business community. This business opportunity requires a significant initial investment of £240,000. You could get a loan to help cover startup costs, in which case your personal investment will typically need to cover 30 to 50% of the total investment. Cash Generator asks for a minimum personal investment of £80,000. Given these higher startup costs, this opportunity is less suitable for first-time franchisees.
Finally, Cash Converters is an interesting franchise option in the Retail industry. First launched in 1984, Cash Converters has been operating for 36 years and has acquired many loyal customers as a result. The brand's network is important, counting 200 locations across the UK. A significant initial investment of £100,000 will enable you to open your own Cash Converters business. In most cases, your personal investment should represent 30 to 50% of the total amount. Cash Converters requires you to personally invest at least £39,000. You could potentially apply for a loan to cover the remaining costs. Given these higher startup costs, this opportunity is less suitable for first-time franchisees.
The Retail industry currently has 61 new business investment opportunities. Point Franchise offers a total of 236 franchising options across a variety of sectors. So, if you're still searching for a brand that meets your needs, there are plenty of options for you to explore.
Data on this page was collected from NOMIS and the ONS. This content was machine-generated in partnership with LabSense.