Retail & Stores Franchise opportunities to start in Salisbury

What to consider when opening a franchise in Salisbury

Would you like to run your own business? Salisbury, located in the South West, could be a good place to start. There are many businesses currently recruiting franchisees in the Wiltshire area. Franchising gives you the opportunity to run your own business while benefitting from the support of an established brand. Start by looking for franchise opportunities in the line of work you are most interested in. This will most likely help you find a brand that sparks your curiosity.

There are approximately 498,000 people currently living in Wiltshire. The most prevalent age group in the population falls in the 40-59 age bracket. The area has an economically active population of 233,700 people, or 80.3% of the total population. The unemployment rate (1.9%) is very low compared to the rest of the United Kingdom. For the Wiltshire area, the average income is £29,667, which is in line with the UK average salary of just over £30,500.

Why the Retail industry appeals to franchisees

The Retail industry currently offers 61 franchise opportunities. If this sector appeals to you, check out our options. There are three Toy Store franchises, three E Cigarette franchises, two Cosmetic franchises, two Greeting Card franchises and three Fashion franchises recruiting at this time. Our selection is likely to have an option that suits your career goals and aspirations.

Read about these three brands to see what franchise options exist

The London Vape Company is an interesting franchise that has been operating in the Retail industry since 2014. By joining its current five franchisees, you would be joining a fast growing brand network. This business opportunity requires an initial investment of £60,000. 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. The London Vape Company requires a minimum personal investment of £30,000. Given these higher startup costs, this is an opportunity best suited for most established franchisees with greater access to financial resources. You will also need to invest in a small premises to operate this business. You may be eligible for financial assistance.

Cash Converters could be another good option for you to invest in. Initially established in 1984, Cash Converters has grown a loyal following since opening 36 years ago. The brand benefits from a well-established network and good exposure, operating in 200 franchise locations. A significant initial investment of £100,000 will enable you to start 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. Due to the higher startup costs, this option is not advisable for first-time franchisees.

Lastly, another brand worth considering is The Original Poster Company. First launched in 1991, the company now has 29 years of experience, making it a leader in the field. There are 70 outlets open so far, and the network is expanding. If you can't afford the startup costs on your own, you may qualify for financial aid. Visit our website for details.

If you are interested in the Retail industry and would like to know more about its available franchising opportunities, explore the 61 businesses currently recruiting franchisees in the sector. If this sector doesn't suit your needs, don't worry. Point Franchise offers 236 franchise options across a variety of sectors to help you find your perfect business opportunity.

This text was automatically generated in partnership with LabSense, using data collected from NOMIS and the ONS.