Retail & Stores Franchise opportunities to start in Lincoln
What can Lincoln offer to new businesses?
You could start your own business by becoming a franchisee in Lincoln. There are a number of franchise options to choose from in Lincoln, located in the East Midlands. Take a look at our selection of brands and start running your own business with a team behind you. We offer franchise investment options in many different sectors. Why not check out the sector that appeals to you the most?
Lincoln has a population of approximately 99,000 people. Residents aged 20 to 39 years old make up the prevalent age group in the population. The local unemployment rate of 6.1% among 50,600 economically active people, or 78.3% of the population, is slightly higher than the average in the UK. The annual salary in the United Kingdom is just over £30,500 on average. The people of Lincoln earn an average annual salary of £24,278, lower than the country's average.
What the Retail industry could offer you
Are you interested in running your own business in the Retail industry? Have a look at our 61 franchise opportunities available in this field. Could your ideal business be among our two Greeting Card franchises, three E Cigarette franchises, three Toy Store franchises, four Sweet Shop franchises and three Fashion franchises? Have a look to find out. Moreover, the number of people currently employed in a specific industry gives an idea of how dynamic it is. In the Lincoln area, 7,000 people work for Retail companies.
Want to know more? Read about these three brands
If you'd like to open your own Retail business, Signorini TARTUFI might be a great option for you. There are 31 locations open so far, and the network is expanding. Starting a Signorini TARTUFI business requires a significant initial investment of £90,000. At least £30,000 should come from your own personal investment. 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 qualify for financial aid.
You could also consider Cash Generator, which has been running since 1997. The brand now has 23 years of experience, making it a leader in the sector. The brand benefits from a well-established network and good visibility, operating in 700 franchise outlets. To start your business, you will need an initial investment of £240,000. If you plan on getting a loan to cover the costs of opening a franchise, a personal investment of 30 to 50% of the total amount will typically be required. For Cash Generator, the minimum personal investment is £80,000. It is thus less appropriate for new investors.
Lastly, if the Retail industry appeals to you, The Original Poster Company is another option you could have a look at. First established in 1991, The Original Poster Company now has over 29 years of experience under its belt. This brand is growing, counting 70 locations across the UK. If you can't cover the startup costs on your own, you could find out if you qualify for financial assistance. Visit our website for details.
If you are interested in the Retail industry and would like to discover more franchising opportunities, check out the 61 brands available in this sector. You will find a total of 236 franchise possibilities here on Point Franchise. So if you haven't settled on one sector yet, take your time and explore all the options.
This text was automatically generated in partnership with LabSense, using data collected from NOMIS and the ONS.