Retail & Stores Franchise opportunities to start in Grantham
Grantham is waiting for you to begin a franchise business
If you'd like to open your own business but don't know where to start, a franchise might just be the answer. Grantham, situated in the East Midlands, could be a good place to start as there are many businesses currently recruiting franchisees in the South Kesteven area. Explore our extensive possibilities in order to find the right franchise for you, and you'll be one step closer to starting your own business.
South Kesteven has an estimated population of 142,000 people. The majority of residents are aged over 60 years old. Approximately 67,600 people are economically active in the region, representing 81.6% of the population. The unemployment rate (2.1%) is very low compared to the UK average (4%). Across the UK, the annual gross income is just over £30,500 on average. In the region of South Kesteven, it is £28,063.
Why choose to operate in the Retail industry?
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. Among the business opportunities in this sector, there are three Fashion franchises, four Sweet Shop franchises, two Greeting Card franchises, four Printing franchises and two Music Shop franchises. There might be one worth considering among them. 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 South Kesteven area.
Check out three available franchise options
Initially established in 2011, Ecigwizard operates in the Retail industry. The brand is growing quickly, with 45 outlets currently in operation, and a desire to expand further. Starting an Ecigwizard franchise will require you to invest a minimum of £60,000. At least £40,000 of this should come from your own personal investment. Given these higher startup costs, this opportunity is less suitable for first-time franchisees. Financial aid can be given in some circumstances.
Take a look at Mac Tools, another attractive Retail franchise that launched in 2011. The brand's network is vast, counting 170 locations across the United Kingdom. In order to start a Mac Tools business, a reasonable initial investment of £50,000 is required. If you plan on getting a loan to cover the startup costs, you will usually need to cover 30 to 50% of the total investment yourself. Mac Tools asks for a personal investment of at least £5,000. Given these low startup costs, this option could be suitable for first-time franchisees.
Lastly, another option to consider is Snap-on. You will need an initial investment of £110,143 to start your own Snap-on business. Your personal investment should account for at least £24,143 of the total amount. You may want to consider getting a loan to open a business in this sector. Given these low startup costs, this option could be suitable for first-time franchisees.
If you are interested in the Retail industry and would like to learn more about its available franchising opportunities, check out the 61 companies currently recruiting franchisees in the sector. If you're still torn between different sectors, no problem! Point Franchise offers almost 250 franchising opportunities across many different sectors. Enjoy exploring your options.
This page contains data provided by NOMIS and the ONS. This content was automatically generated by LabSense.