Retail & Stores Franchise opportunities to start in Lichfield
Lichfield is an attractive town to invest in
Discover the business options waiting for you in Lichfield, situated in the West Midlands. On this page you'll find a selection of brands that could make you a franchisee in the Lichfield area. Becoming a franchisee would allow you to run your own business and benefit from comprehensive support. Check out our various franchising opportunities to discover the sectors and brands that most appeal to you.
According to recent census data, there are 104,000 people in Lichfield. The 60+ age range is the most represented within the population. Across the UK, the average gross income is close to £31,000. In the Lichfield area, it amounts to £33,360.
Could the Retail industry be the right choice for you?
In the UK, you will find 61 franchises recruiting in the Retail industry. In fact, you can choose from four Tool franchises, three E Cigarette franchises, two Music Shop franchises, four Sweet Shop franchises and three Craft franchises today. If you're interested in the Retail industry, you're not alone. In Lichfield, 4,500 people currently work in the industry.
Three brands worth your attention
In business since 2011, Mac Tools is a competitive brand operating in the Retail industry. The brand's network is made up of 170 franchisees, which promote its visibility. Opening a Mac Tools business requires a reasonable initial investment of £50,000. If you plan on getting a loan to cover the startup costs, Mac Tools asks for a personal investment of at least £5,000. For most franchises, this amount represents 30 to 50% of the total investment. Given these low startup costs, this option could be suitable for first-time franchisees. Financial assistance can be given in some circumstances.
Take a look at Signorini TARTUFI, another interesting Retail franchise. By joining its 31 franchises already in operation, you could contribute to this company's expansion. A total of £90,000, a substantial initial investment, is required to start a Signorini TARTUFI franchise. You might want to consider getting a loan to cover the startup costs, in which case at least £30,000 of the total investment should come from your personal funds. Given these higher startup costs, this is an opportunity best suited for most established franchisees with greater access to financial resources. You will also need to invest in a small premises to operate this business. An investment in this franchise entitles you to financial aid, if eligible. See our website for more information.
Lastly, if the Retail industry appeals to you, Snap-on is another option you could have a look at. Opening a Snap-on business requires a substantial initial investment of £110,143. At least £24,143 should come from your own personal investment. These relatively low startup costs make it a good option to pursue for first-time franchisees.
Eager to read more about business opportunities in the Retail industry? Explore our 61 available options. If you're interested in exploring franchising opportunities in other sectors, Point Franchise has almost 250 brands to pick from.
This page contains data collected from NOMIS and the ONS. This content was automatically generated by LabSense.