Retail & Stores Franchise opportunities to start in Leicester
Is Leicester a good place to be a franchisee?
The franchising possibilities in Leicester, located in the East Midlands, are numerous. As a franchisee, you could have the independence of working alone with the support of a team behind you. Stay on this page to discover which brands you could work with in Leicester. Starting a business should be exciting! Explore our range of franchising options, starting with the sectors that you feel most passionate about.
A recent census found that 355,000 people live in Leicester. The most prevalent age group in the population is 20 to 39 years old. The economically active population in Leicester amounts to 177,000 people, with an unemployment rate of 5%. This rate is slightly higher than the national average. The region's average gross annual income of £23,290 is lower than the average income of £30,629 across the United Kingdom.
Why Retail businesses appeal to franchisees
If you want to run your own business in the Retail industry, the good news is that there are 61 franchises currently recruiting new franchisees across the country. You can pick an investment opportunity from four Printing franchises, two Music Shop franchises, three Fashion franchises, two Cosmetic franchises and three Craft franchises. Let our selection of brands be your guide to starting your next exciting investment opportunity.
Have a look at three franchise business examples
Initially established in 2011, Ecigwizard operates in the Retail industry. There are 45 outlets open so far, and the network is expanding quickly. This business requires an initial investment of £60,000. 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 an Ecigwizard business is £40,000. It is thus less appropriate for new investors. If you can't afford the startup costs on your own, you could find out if you qualify for financial assistance.
The London Vape Company, open since 2014, is another interesting option. By joining its network of five franchisees, you could play a part in this up-and-coming brand's success. In order to open a London Vape Company business, an initial investment of £60,000 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. The London Vape Company requires a personal investment of at least £30,000. Given these higher startup costs, this is 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. If you can't afford the startup costs on your own, you may be eligible for financial aid.
Finally, Tubz Vending is another interesting brand operating in the Retail industry. To start your own Tubz Vending business, you will need an initial investment of £3,295. These relatively low startup costs make it a good option to pursue for first-time franchisees. A small premises will also be required to operate this business. Also, if you can't afford the startup costs on your own, you may qualify for financial support. Visit our website for details.
Starting a business in the Retail industry has great potential. If you're interested, check out our 61 available opportunities. If you're interested in exploring business options in other sectors, we've got a total of close to 250 franchising opportunities to choose from on Point Franchise.
Data on this page was collected from NOMIS and the ONS. This content was machine-generated in partnership with LabSense.