Retail & Stores Franchise opportunities to start in Newcastle-under-Lyme
Newcastle-under-Lyme could be home to your new business
Located in the West Midlands, Newcastle-under-Lyme is an area with business opportunities on the rise. If working as your own boss with a team behind you sounds appealing, check out our franchising options in Newcastle-under-Lyme and take the first step towards running your own business. Start by looking for franchise opportunities in the line of work you are most interested in. This will most likely lead you to a brand that sparks your curiosity.
The population of Newcastle-under-Lyme is 129,000. Residents in the 20-39 age category make up the largest portion of the population. The local labour force consists of 62,600 people, or 76.3% of the total population. With an unemployment rate of 5%, recent data indicates that employment in this area is slightly higher than in the rest of the United Kingdom. Residents in the area earn £24,646 per year on average. This income is slightly lower than the national average gross salary, which reaches close to £31,000.
The Retail industry: An interesting opportunity for franchisees
In the United Kingdom, there are 61 franchises recruiting in the Retail industry. You will find a lot of interesting franchising options, including three Craft franchises, two Music Shop franchises, four Printing franchises, three E Cigarette franchises and two Cosmetic franchises. Take a look at the available brands to find out if your perfect match is among them. If you're interested in the Retail industry, you may want to consider how many people already work in the sector. In Newcastle-under-Lyme, Retail companies currently employ 5,000 people.
Three franchise businesses worth reading about
If you'd like to open your own Retail business, Noa Noa could be a great option for you. By joining its network of 90 franchisees, you could play a part in this brand's success. If you can't afford the startup costs on your own, you may qualify for financial aid.
Another option worth considering is Zip Yard. You could also receive financial assistance, if eligible. See our website for more information.
Lastly, have a look at Cash Converters, another attractive Retail franchise that launched in 1984. Cash Converters now offers its expertise to a loyal customer base, built up over 36 years. The brand's network is significant, counting 200 outlets in the United Kingdom. To open your own Cash Converters franchise, you will need to invest £100,000, of which at least £39,000 should be your own personal investment. You could get a loan to help cover the remaining startup costs. Due to the higher startup costs, this option is not recommended for first-time franchisees.
The Retail industry currently offers 61 investment opportunities. But you also have plenty of investment possibilities in other sectors as well, including more than 232 franchising opportunities available on Point Franchise.
Data on this page was provided by NOMIS and the ONS. This content was machine-generated in partnership with LabSense.