Retail & Stores Franchise opportunities to start in Wolverhampton
Investing in Wolverhampton could be your next move
Wolverhampton, located in the West Midlands, currently offers many franchising opportunities. As a franchisee, you could manage your own business while receiving expert training and support from an established brand. Keep reading to explore the options in the Wolverhampton area. We offer a number of franchises to suit different budgets and career goals. Have a look at our range of businesses and sectors to see what might suit you.
Recent figures show that Wolverhampton has a population of 262,000 people. The population's most prevalent age group is made up of 20-39 year olds. The local unemployment rate of 7% is high compared to the national average of 4%. The local labour force consists of 118,500 people, making up 72.2% of the population. Residents in the area earn £24,784 per year on average. This income is slightly lower than the country's average gross salary, which reaches just over £30,500.
Have you considered the Retail industry?
Across the UK, you will find 61 franchises operating in the Retail industry. There are three Fashion franchises, four Printing franchises, two Greeting Card franchises, three Toy Store franchises and two Cosmetic franchises offering franchising opportunities. You'll find opportunities to suit all kinds of career objectives and aspirations.
Take a look at these three business examples
There are many interesting franchising options in the Retail industry. Take Mac Tools for example, a brand that was first established in 2011. By joining its network of 170 franchisees, you would become a part of a well-established business community. This business opportunity requires an affordable initial investment of £50,000. You could get a loan to help cover startup costs, in which case your personal investment will usually need to cover 30 to 50% of the total investment. Mac Tools asks for a minimum personal investment of £5,000. These low startup costs make it a good option to pursue for first-time franchisees. Eligible candidates may apply for financial aid.
Minuteman Press is another interesting brand operating in the Retail industry. An affordable initial investment of £50,000 will enable you to start your own Minuteman Press business. In most cases, your personal investment should represent 30 to 50% of the total amount. Minuteman Press requires you to personally invest at least £25,000. You could potentially get a loan to cover the remaining costs. Given these low startup costs, this option could be suitable for first-time franchisees. By investing in this established brand, you could be eligible for financial assistance. Visit our website for details.
Lastly, you could also have a look at Snap-on. Opening a Snap-on business requires a significant initial investment of £110,143. If you plan on getting a loan to cover the startup costs, Snap-on asks for a personal investment of at least £24,143. For most franchises, this amount represents 30 to 50% of the total investment. Given these low startup costs, this opportunity is suitable for both first-time investors and established franchisees.
If working in the Retail industry appeals to you, check out our 61 available franchising opportunities in the sector. On Point Franchise, there is plenty of choice in other sectors too. We have close to 250 new business investment opportunities in total to choose from.
This page contains data collected from NOMIS and the ONS. This content was automatically generated by LabSense.