Retail & Stores Franchise opportunities to start in Loughborough
Loughborough and its prospects for new Businesses
You could open your own business by becoming a franchisee in Loughborough. Charnwood, located in the East Midlands, offers a variety of new business investment possibilities. On this page, you'll find a range of companies looking for franchisees. Check out our different franchising options to discover the sectors and brands that most appeal to you.
The population of Charnwood is made up of 183,000 residents. The population's most prevalent age group is made up of 20-39 year olds. The region has a labour force of 96,200 people, or 81.3% of the total population. The unemployment rate (3.1%) is low compared to the rest of the UK. Across the UK, the average gross salary is just over £30,500. In the Charnwood area, it amounts to £28,053.
Does the Retail industry appeal to you?
If the idea of running a business in the Retail industry appeals to you, take a look at the 61 brands currently recruiting franchisees in the field. This sector offers a number of interesting options, including two Music Shop franchises, four Tool franchises, three Toy Store franchises, two Cosmetic franchises and two Greeting Card franchises. See if any catch your eye. If you are thinking about joining the Retail industry, you may be interested to know that 6,000 people have already made the decision to work in this industry in the Charnwood area.
Three franchise business examples worth looking at
There are many interesting franchising opportunities in the Retail industry. Take The Original Poster Company for example, a business that was first established in 1991. The Original Poster Company has proved itself to be a successful business and leader in the sector in its 29 years since opening. The brand is growing, with 70 locations currently in operation, and a desire to expand further. Also, if you can't afford the startup costs on your own, you may qualify for financial assistance.
Another option to consider is Snap-on. Starting a Snap-on business requires a substantial initial investment of £110,143. At least £24,143 should come from your own personal investment. These low startup costs make this a good franchising option for first-time franchisees.
Lastly, another option to consider is Mac Tools. The brand was first established in 2011. By joining its network of 170 franchisees, you would become a part of a well-established business community. This business opportunity requires an affordable initial investment of £50,000. 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. Mac Tools asks for a minimum personal investment of £5,000. Given these low startup costs, this option could be suitable for first-time franchisees. Eligible candidates may apply for financial aid. See our website for details.
If you would like to learn more about franchise opportunities in the Retail industry, have a browse through our 61 available options. If this sector doesn't suit your needs, don't worry. Point Franchise offers almost 250 franchise options across a variety of sectors to help you find your perfect investment opportunity.
This text was automatically generated in partnership with LabSense, using data collected from NOMIS and the ONS.