Retail & Stores Franchise opportunities to start in Milton Keynes

Investing in a franchise in Milton Keynes

Many brands are currently recruiting franchisees in Milton Keynes, located in the South East of England. 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 Milton Keynes area. Explore our sectors and brands to find your best options among many franchising opportunities, keeping in mind your personal interests and business objectives.

The Milton Keynes area has a population of 269,000 people. When broken down by age group, the 0-19 age range is the most prevalent in the population. The area has a 4.8% unemployment rate, which is slightly higher than the national average of 4%. Overall, the region's labour force consists of 140,300 people or 82.2% of the total population. Residents in the area earn £32,644 per year on average. This income is slightly higher than the national average gross salary, which reaches close to £31,000.

Could the Retail industry be the right choice for you?

Are you interested in the Retail industry? You're likely to come across a franchise worth considering among 61 brands across the UK. With two Cosmetic franchises, three Craft franchises, two Music Shop franchises, four Tool franchises and three Toy Store franchises, this sector has great potential for exciting business plans. See if there's a brand to suit your goals and interests.

Eager to know more? Here are three franchise business examples

First established in 2011, Mac Tools is a competitive business operating in the Retail industry. By joining its network of 170 franchisees, you would become a part of a well-established business community. To start your business, you will need an initial investment of £50,000. If you intend to get a loan to cover the costs of opening a franchise, a personal investment of 30 to 50% of the total amount will usually be required. For Mac Tools, the minimum personal investment is £5,000. Given these low startup costs, this option could be suitable for first-time franchisees. If you make the decision to invest in this franchise, financial aid is available, providing you meet the eligibility criteria.

Another option to consider is Signorini TARTUFI. This brand is growing, counting 31 outlets across the country. Starting a Signorini TARTUFI business requires a substantial initial investment of £90,000. If you plan on getting a loan to cover the startup costs, Signorini TARTUFI asks for a personal investment of at least £30,000. For most franchises, this amount represents 30 to 50% of the total investment. Due to the higher startup costs, this option is not recommended for first-time franchisees. A small premises will also be required to operate this business. If you can't afford the startup costs on your own, you may qualify for financial aid.

Lastly, another interesting franchise option is The London Vape Company, which has been operating since 2014. By joining its five franchises already in operation, you could contribute to this company's rapid expansion. You will need to invest £60,000 to open your own London Vape Company business. At least £30,000 of this should come from your own personal investment. Given these higher startup costs, this is an opportunity best suited for most established franchisees with greater access to financial resources. A small premises will also be required to operate this business. By investing in this established brand, you could be eligible for financial aid. See our website for details.

The Retail industry has many successful franchise businesses. We currently have 61 options available in this sector. If you're curious about investment options in other sectors, we've got a total of close to 250 franchising opportunities to choose from on Point Franchise.

Data on this page was provided by NOMIS and the ONS. This content was machine-generated in partnership with LabSense.