Retail & Stores Franchise opportunities to start in Bicester
Bicester is an attractive town to invest in
If you're thinking about running your own business in Bicester, located in the South East of England, you should look at franchising options. Several companies are currently recruiting in the Cherwell area. As a franchisee you could run your own business while benefitting from comprehensive support. Keep reading to find out if this could be for you. To start off with, look for the line of work that interests you the most. This is a quick way to find the brand best suited to you.
There are 149,000 people living in the Cherwell region. Residents aged 40 to 59 years old are the most represented within the population. The local income averages £32,464 per year, which is slightly higher than the close to £31,000 average salary in the United Kingdom as a whole.
Running a Retail franchise business
If you wish to open a business in the Retail industry, have a look at our 61 franchises currently recruiting franchisees in the sector. In fact, you can pick from four Printing franchises, two Greeting Card franchises, four Sweet Shop franchises, three Craft franchises and two Music Shop franchises today.
Three franchise business examples
The Retail industry offers a variety of brands to choose from, including Minuteman Press. The brand's network is important, counting 975 outlets in the UK. A reasonable 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 opportunity is suitable for both first-time investors and established franchisees. You may be eligible for financial assistance.
Another option to consider is The London Vape Company. The company was first established in 2014. There are five locations open so far, and the network is expanding quickly. To start your business, you will need an initial investment of £60,000. If you plan on getting a loan to cover the costs of opening a franchise, a personal investment of 30 to 50% of the total amount will generally be required. For The London Vape Company, the minimum personal investment is £30,000. Due to the higher startup costs, this option is not recommended for first-time franchisees. You will also need to invest in a small premises to operate this business. If eligible, you might be able to benefit from financial aid. See our website for more information.
Finally, you could also consider Snap-on. This business requires a significant initial investment of £110,143. 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 start a Snap-on business is £24,143. These low startup costs make it a good option to pursue for first-time franchisees.
The Retail industry currently has 61 new business investment opportunities. You will find a total of almost 250 franchise options on Point Franchise. So if you are still looking for the perfect investment opportunity, there are still plenty of options for you to explore.
NOMIS and the ONS provided the data shown on this page. This text was automatically generated by LabSense.