Retail & Stores Franchise opportunities to start in Worcester
Investing in a franchise in Worcester
Franchising is a great way to start your own business, while benefitting from the comprehensive support of an established brand. Check out our selection of brands in Worcester, located in the Worcester area in the West Midlands, where many companies are currently recruiting. There are a variety of franchising opportunities available based on your budget and career objectives. Have a look to find the brand that appeals to you most.
Worcester has an estimated population of 102,000 residents. The 20-39 age group has the highest concentration in the population. The local labour force consists of 54,500 people, or 81.7% of the total population. With an unemployment rate of 1.8%, recent data indicates that employment in this area is significantly lower than in the rest of the United Kingdom. With an average gross annual income of £27,563, salaries in Worcester are slightly lower than the average salary of just over £30,500 across the UK.
Why Retail businesses appeal to franchisees
If you would like to run a Retail franchise, you are likely to find one that appeals to you among 61 available across the UK. Among the business opportunities in this field, you will find two Greeting Card franchises, three Toy Store franchises, three E Cigarette franchises, four Tool franchises and four Printing franchises. There might be one worth considering among them. Moreover, the number of people currently employed in a specific industry gives an idea of how dynamic it is. In the Worcester area, 5,000 people are employed by Retail businesses.
Read about these three brands to see what franchise options exist
Initially established in 1984, Cash Converters operates in the Retail industry. Cash Converters is a recognized leader in the sector, with 36 years of experience under its belt the brand's network is made up of 200 franchisees, which increase its visibility. A total of £100,000, a substantial initial investment, is required to start a Cash Converters franchise. You might want to consider getting a loan to cover the startup costs, in which case at least £39,000 of the total investment should come from your personal funds. Given these higher startup costs, this opportunity is less suitable for first-time franchisees.
Minuteman Press could be another good option for you to invest in. The brand's network is vast, counting 975 outlets in the United Kingdom. Starting a Minuteman Press business requires an affordable initial investment of £50,000. If you intend to get a loan to cover the startup costs, Minuteman Press asks for a personal investment of at least £25,000. For most franchises, this amount represents 30 to 50% of the total investment. These low startup costs make this a good franchising option for first-time franchisees. You could also receive financial assistance, if eligible. Visit our website for details.
Lastly, another option to consider is Snap-on. You will need to invest £110,143 to open your own Snap-on business. At least £24,143 of this significant amount should come from your own personal investment. These low startup costs make this a good franchising option for first-time franchisees.
Many businesses are already operating in the Retail industry. We currently have 61 franchise opportunities available in the sector. With close to 250 new business investment opportunities to choose from across a variety of sectors, you have a good chance of finding a brand that meets your needs on Point Franchise.
NOMIS and the ONS provided the data shown on this page. This text was automatically generated by LabSense.