Retail & Stores Franchise opportunities to start in Solihull
Starting a new business in Solihull
Many brands are currently looking for franchisees in Solihull, located in the West Midlands. By becoming a franchisee, you could run your own business while receiving comprehensive training and marketing assistance. Keep reading to explore the options in the Solihull area. Explore our extensive possibilities in order to find the right franchise for you, and you'll be one step closer to starting your own business.
The population of Solihull is made up of 215,000 people. Residents aged 40 to 59 years old make up the prevalent age range in the population. The 3.9% unemployment rate among the 101,800 economically active people in the area is in line with the national average. Residents of Solihull have an annual average income of £36,450. In comparison, the average gross salary in the United Kingdom is just over £30,500.
Have you considered the Retail industry?
Across the United Kingdom, you will find 61 franchises operating in the Retail industry. Could your ideal business be among our three Fashion franchises, four Printing franchises, two Greeting Card franchises, three Toy Store franchises and four Tool franchises? Have a look to find out.
Three franchise business examples
The Retail industry offers a variety of brands to choose from, including Signorini TARTUFI. This brand is expanding, counting 31 locations in the United Kingdom. This business requires a significant initial investment of £90,000. If you intend to get a loan to cover startup costs, you should anticipate adding a personal investment of 30 to 50% of the total investment as a general rule. The minimal personal investment to open a Signorini TARTUFI business is £30,000. Due to the higher startup costs, this option is not advisable for first-time franchisees. You will also need to invest in a small premises to operate this business. When investing in this franchise, you could be eligible for financial aid. See eligibility details on our website.
Cash Generator could be another good option for you to invest in. In business since 1997, Cash Generator has proved itself to be a successful business and leader in the field in its 23 years since opening. The brand's network is made up of 700 franchisees, which enhance its exposure. You will need an initial investment of £240,000 to start your own Cash Generator business. Your personal investment should account for at least £80,000 of the total amount. You may want to consider getting a loan to start a business in this sector. Given these higher startup costs, this is an opportunity best suited for most established franchisees with greater access to financial resources.
Finally, check out Cash Converters, another attractive Retail franchise that launched in 1984. Cash Converters has grown a devoted following since opening 36 years ago. The brand has a strong network and good visibility, operating in 200 franchise outlets. You will need to invest £100,000 to start operating your own Cash Converters business, which is a substantial initial investment. Your personal investment should account for at least £39,000 of the total amount. The higher startup costs make this an opportunity best suited for most established franchisees with greater access to financial resources.
If working in the Retail industry appeals to you, have a look at our 61 available franchising options in the sector. If you are still not sure which sector best suits your needs, have a look through our selection of close to 250 new business investment opportunities across different sectors on Point Franchise.
Data on this page was collected from NOMIS and the ONS. This content was machine-generated in partnership with LabSense.