Retail & Stores Franchise opportunities to start in Stafford
What to know before starting a franchise in Stafford
The Stafford area offers many interesting business opportunities. If you are interested in running your own business, you should consider franchising. This would allow you to work for yourself while receiving the support of an established brand. Have a look on this page to discover the franchise options available to you in Stafford. We offer a variety of realistic new business investment opportunities, so that you can find one you like.
According to recent census data, there are 136,000 people in Stafford. The most prevalent age range in the population is over 60 years old. Approximately 62,500 people are economically active in the region, representing 76.7% of the population. The unemployment rate (3.3%) is low compared to the national average (4%). The gross annual salary in Stafford amounts to £30,270, which is in line with the national average of just over £30,500.
Running a franchise in the Retail industry
Across the UK, there are 61 franchises operating in the Retail industry. Take a look at our two Greeting Card franchises, four Sweet Shop franchises, four Printing franchises, two Music Shop franchises and three Fashion franchises. Could one of these businesses help you reach your career goals and aspirations? Interesting fact: companies in Retail employ 5,000 people in the Stafford area. This could be your opportunity to open a successful business of your own!
Three franchise business examples worth looking at
Cash Generator could be a great option for you if you're interested in the Retail industry. Open since 1997, the brand has gained valuable experience and expertise over the past 23 years. The brand operates in 700 franchise locations which make up a strong business network. In order to open a Cash Generator business, a significant initial investment of £240,000 is required. If you plan on getting a loan to cover the startup costs, you will generally need to cover 30 to 50% of the total investment yourself. Cash Generator asks for a personal investment of at least £80,000. Due to the higher startup costs, this option is not advisable for first-time franchisees.
Another possibility to consider is Ecigwizard. The company first began operating in 2011. The brand is expanding quickly, with 45 outlets currently in operation, and a desire to expand further. To start your business, you will need an initial investment of £60,000. If you intend to get a loan to cover the costs of opening a franchise, a personal investment of 30 to 50% of the total amount will typically be required. For Ecigwizard, the minimum personal investment is £40,000. The higher startup costs make this an opportunity best suited for most established franchisees with greater access to financial resources.
Lastly, you could also have a look at Mac Tools, which has been running since 2011. The brand's network is significant, counting 170 locations across the UK. Opening a Mac Tools business requires a reasonable initial investment of £50,000. At least £5,000 should come from your own personal investment. Given these low startup costs, this option could be suitable for first-time franchisees. When investing in this franchise, you could be eligible for financial assistance. See our website for details.
Eager to read more about business opportunities in the Retail industry? Explore our 61 available options. With close to 250 new business investment opportunities to choose from across various sectors, you have a good chance of finding a brand that meets your needs on Point Franchise.
This page contains machine-generated content provided by LabSense, using data collected from NOMIS and the ONS.