Retail & Stores Franchise opportunities to start in Portsmouth
Portsmouth: A great location to start a business
You could start your own business by becoming a franchisee in Portsmouth. Portsmouth, located in the South East of England, offers a variety of new business investment opportunities. On this page, you'll find a range of brands looking for franchisees. We offer a number of realistic new business investment options, so that you can find one you like.
According to recent census data, there are 215,000 people living in Portsmouth. When broken down by age group, the 20-39 age range is the most prevalent in the population. Unemployment affects 4% of the UK population. With a rate of 4.1%, unemployment in this area is in line with the national average. The economically active population amounts to 106,700 people, making up 73.9% of the population. The average annual income across the UK is close to £31,000. With a gross salary averaging £25,913, residents of Portsmouth have a slightly lower salary than the national average.
Why the Retail industry might be a good option for you
There are 61 brands currently recruiting franchisees in the Retail industry. If this sector appeals to you, check them out. There are two Cosmetic franchises, four Printing franchises, three Fashion franchises, two Music Shop franchises and four Sweet Shop franchises offering franchising opportunities. You'll find options to suit all kinds of career goals and aspirations.
Check out three available franchise options
Minuteman Press is an interesting business operating in the Retail industry. Opening a Minuteman Press franchise will require you to invest a minimum of £50,000. At least £25,000 of this should come from your own personal investment. Given these low startup costs, this option could be suitable for first-time franchisees. If eligible, you might be entitled to financial assistance.
Signorini TARTUFI is an interesting franchising opportunity in the Retail industry. This brand is developing, counting 31 outlets across the UK. In order to start a Signorini TARTUFI business, a significant initial investment of £90,000 is required. If you plan on getting a loan to cover the startup costs, you will usually need to cover 30 to 50% of the total investment yourself. Signorini TARTUFI requires a personal investment of at least £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.
Finally, another option to consider is Cash Converters, a brand that first opened in 1984. Cash Converters is a recognized leader in the sector, with 36 years of experience under its belt the brand has a strong network and good exposure, operating in 200 franchise locations. You will need an initial investment of £100,000 to open your own Cash Converters business. Your personal investment should account for at least £39,000 of the total amount. You may want to think about getting a loan to open a business in this sector. Due to the higher startup costs, this option is not recommended for first-time franchisees.
The Retail industry has many successful franchise businesses. We currently have 61 options available in this sector. Whether you've already decided to invest or are still weighing your options, it's worth looking at different sectors. At Point Franchise, we have a total of 236 franchising opportunities to help you find the perfect fit.
This text was automatically generated in partnership with LabSense, using data collected from NOMIS and the ONS.