Retail & Stores Franchise opportunities to start in Smethwick
Smethwick is waiting for you to begin a franchise business
Located in the West Midlands, Smethwick is an area with business opportunities on the rise. If working as your own boss with a team behind you sounds appealing, take a look at our franchising possibilities in Sandwell and take the first step towards managing your own business. We offer a variety of realistic new business investment options, so that you can find one you like.
According to recent census data, 327,000 people live in Sandwell. The majority of the population falls within the 20-39 age range. The local unemployment rate of 5.3% among 153,400 economically active people, or 74.7% of the population, is slightly higher than the average in the United Kingdom. The local income averages £23,823 per year, which is lower than the £30,629 average salary in the United Kingdom as a whole.
Franchising opportunities in the Retail industry
Are you interested in the Retail industry? You're likely to find a franchise worth considering among 61 brands in the United Kingdom. With three Fashion franchises, three Craft franchises, two Greeting Card franchises, two Cosmetic franchises and two Music Shop franchises, this field has great potential for exciting business ventures. See if there's a brand to suit your goals and interests.
Have a look at three franchise business examples
There are many interesting franchising options in the Retail industry. Take Zip Yard for example.
Another option to consider is Cash Converters, a brand that was first established in 1984. Cash Converters has acquired many devoted customers over the past 36 years. By joining its network of 200 franchisees, you would become a part of a well-established business community. A substantial initial investment of £100,000 will enable you to open your own Cash Converters business. In most cases, your personal investment should represent 30 to 50% of the total amount. Cash Converters requires you to personally invest at least £39,000. You could potentially get a loan to cover the remaining costs. It is thus less appropriate for new investors.
Lastly, another brand worth considering is Tubz Vending. The brand's network is made up of 300 franchisees, which enhance its exposure. Opening a Tubz Vending business requires an initial investment of £3,295. These low startup costs make this a good franchising option for first-time franchisees. You will also need to invest in a small premises to operate this business. By investing in this franchise, you may be eligible for financial support. Visit our website for details.
There are currently 61 available franchise options in the Retail industry. Check out these brands to see if there's a good fit for you. If you are still not sure which sector best suits your needs, have a look through our range of 236 new business investment opportunities across a variety of sectors on Point Franchise.
This text was automatically generated in partnership with LabSense, using data provided by NOMIS and the ONS.