Retail & Stores Franchise opportunities to start in Melton Mowbray
Melton Mowbray could be home to your new business
Discover the business opportunities waiting for you in Melton Mowbray, situated in the East Midlands. On this page you'll find a selection of brands that could make you a franchisee in the Melton area. Becoming a franchisee would allow you to run your own business and benefit from comprehensive support. There are a variety of franchising options available based on your budget and career objectives. Have a browse to find the brand that appeals to you most.
A recent census found that 51,000 people live in Melton. The 40-59 age range is the most represented within the population. For the Melton area, the average salary is £24,791, which is slightly lower than the national average income of just over £30,500.
Why start a franchise in the Retail industry?
There are 61 brands offering franchise opportunities in the Retail industry. There are currently three E Cigarette franchises, three Toy Store franchises, two Music Shop franchises, three Fashion franchises and four Tool franchises recruiting franchisees. Have a look to find out whether any fit your career goals and aspirations.
Three franchise businesses worth reading about
If the Retail industry is your area of interest, Cash Converters is worth looking at. First established in 1984, the brand has grown a loyal following over the past 36 years. The brand benefits from a well-established network and good visibility, operating in 200 franchise locations. This business requires a significant initial investment of £100,000. 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 open a Cash Converters business is £39,000. Given these higher startup costs, this is an opportunity best suited for most established franchisees with greater access to financial resources.
Check out Tubz Vending. The brand's network is made up of 300 franchisees, which increase its exposure. Opening a Tubz Vending business requires an initial investment of £3,295. These 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. You may qualify for financial assistance.
Lastly, another interesting investment opportunity is Minuteman Press. The brand's network is vast, counting 975 outlets across the country. You will need to invest £50,000 to open your own Minuteman Press business. At least £25,000 of this reasonable amount should come from your own personal investment. These low startup costs make this a good franchising option for first-time franchisees. Also, if you can't afford the startup costs alone, you may be able to benefit from financial aid. See our website for more information.
The Retail industry currently has 61 new business investment opportunities. If you're curious about franchising opportunities in other sectors, Point Franchise offers almost 250 brands to choose from.
Data on this page was collected from NOMIS and the ONS. This content was machine-generated in partnership with LabSense.