Retail & Stores Franchise opportunities to start in Sutton Coldfield
Why should you invest in Sutton Coldfield?
The Birmingham area offers many interesting business opportunities. If you are interested in opening your own business, you should consider franchising. This would allow you to work for yourself while receiving the support of an established brand. Have a look on this page to discover the franchise options available to you in Sutton Coldfield. Deciding which sector you'd like to work in will lead you to the businesses that best suit your needs and business goals.
According to recent census data, there are 1,141,000 people living in Birmingham. When broken down by age group, the majority of the population sits within the 20-39 category. The community has a 8.8% unemployment rate, which is slightly higher than the national average of 4%. Overall, the region's labour force consists of 522,400 people or 71.6% of the total population. For the Birmingham area, the average income is £26,786, which is slightly lower than the UK average salary of £30,629.
What the Retail industry could offer you
There are 61 brands offering franchise options in the Retail industry. There are currently three Fashion franchises, three Toy Store franchises, four Sweet Shop franchises, three E Cigarette franchises and four Tool franchises recruiting franchisees. Have a browse to see whether any fit your career goals and aspirations. In Birmingham, there are currently 45,000 people working in the Retail industry, so you would be joining an established business network.
Want to know more? Read about these three brands
First established in 1984, Cash Converters is a competitive brand operating in the Retail industry. Cash Converters has grown a loyal following since opening 36 years ago. The brand runs in 200 franchise locations which make up a strong business community. 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. Due to the higher startup costs, this option is not recommended for first-time franchisees.
Another option to consider is Cash Generator, a brand that has been operating since 1997. The company is now mature and a leader within the sector, having grown its franchise community for 23 years. The brand's network is made up of 700 franchisees, which enhance its exposure. This business opportunity requires a substantial initial investment of £240,000. You could get a loan to help cover startup costs, in which case your personal investment will generally need to cover 30 to 50% of the total investment. Cash Generator asks for a minimum personal investment of £80,000. Due to the higher startup costs, this option is not advisable for first-time franchisees.
Finally, another option worth considering is Mac Tools, a brand that was first established in 2011. The brand's network is vast, counting 170 locations across the country. Starting a Mac Tools franchise will require you to invest a minimum of £50,000. At least £5,000 of this should come from your own personal investment. These relatively low startup costs make it a good option to pursue for first-time franchisees.
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. Don't forget that we offer new business investment selections across a variety of sectors on Point Franchise. If you're still looking for the perfect match, just explore our option of close to 250 franchising possibilities.
This page contains machine-generated content provided by LabSense, using data collected from NOMIS and the ONS.