Retail & Stores Franchise opportunities to start in Bloxwich
Opening a franchise business in Bloxwich
Franchising is a great way to start your own business, while benefitting from the comprehensive support of an established brand. Check out our range of brands in Bloxwich, located in the Walsall area in the West Midlands, where many companies are currently recruiting. We offer a number of franchises to suit a variety of budgets and career objectives. Take a look at our selection of brands and sectors to see what might suit you.
Recent figures show that 283,000 people live in Walsall. The population's most prevalent age group is made up of 0-19 year olds. The region has 130,000 economically active people, representing 75.7% of the population, with an unemployment rate of 6.7%. This rate is slightly higher than the country's 4% national average. Residents of Walsall have an annual average salary of £24,014. In comparison, the average gross income in the United Kingdom is close to £31,000.
Why the Retail industry might be a good option for you
Are you interested in the Retail industry? If so, there are 61 available franchises to choose from in the UK. Available brands include three Toy Store franchises, four Sweet Shop franchises, two Greeting Card franchises, two Music Shop franchises and four Printing franchises. You are likely to find a business that fits your career goals and aspirations among our numerous investment options.
Read about these three brands to see what franchise opportunities exist
If you are interested in running a business in the Retail industry, read about The London Vape Company, a brand operating since 2014. The brand is expanding quickly, with five locations currently in operation, and a desire to expand further. This business opportunity requires an initial investment of £60,000. You could get a loan to help cover startup costs, in which case your personal investment will generally need to cover 30 to 50% of the total investment. The London Vape Company asks for a minimum personal investment of £30,000. The higher startup costs make this an opportunity best suited for most established franchisees with greater access to financial resources. A small premises will also be required to operate this business. You may be eligible for financial aid.
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. The brand has a well-established network and good exposure, operating in 700 franchise outlets. This business requires a significant initial investment of £240,000. If you plan on getting 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 Generator business is £80,000. The higher startup costs make this an opportunity best suited for most established franchisees with greater access to financial resources.
Finally, Minuteman Press is another successful brand operating in the Retail industry. The brand's network is important, counting 975 outlets in the United Kingdom. You will need an initial investment of £50,000 to open your own Minuteman Press business. Your personal investment should account for at least £25,000 of the total amount. You may want to consider getting a loan to start a business in this sector. These low startup costs make this a good franchising option for first-time franchisees.
If working in the Retail industry appeals to you, have a look at our 61 available franchising opportunities in the sector. Point Franchise currently has a total of almost 250 brands recruiting franchisees across a variety of sectors. Have a look to see which other sectors you might want to invest in.
Data on this page was collected from NOMIS and the ONS. This content was machine-generated in partnership with LabSense.