Retail & Stores Franchise opportunities to start in Blackpool
Opening a franchise business in Blackpool
Franchising is a great way to start your own business, while benefitting from the comprehensive support of an established brand. Take a look at our range of brands in Blackpool, located in the Blackpool area in North West England, where many businesses are currently recruiting. We offer a number of realistic new business investment options, so that you can find one you like.
Recent figures show that Blackpool has a population of 139,000 residents. The 40-59 age group makes up the majority of the population. The community has a 5.9% unemployment rate, which is slightly higher than the national average of 4%. There are 63,300 economically active people in the region, representing 77.3% of the total population. The annual salary in the UK is just over £30,500 on average. The people of Blackpool earn an average annual salary of £22,139, lower than the country's average.
Running a Retail franchise business
There are 61 franchises in the Retail industry to choose from. There are currently four Sweet Shop franchises, two Cosmetic franchises, three E Cigarette franchises, three Fashion franchises and four Tool franchises recruiting franchisees. Have a look to see whether any fit your career goals and aspirations. If you would like to run a business in the Retail industry, it could be useful to know that companies in the industry currently employ 7,000 people in the Blackpool area.
Three franchise business examples
If you plan to invest in the Retail industry, Snap-on could be a good option. Starting a Snap-on business requires a substantial initial investment of £110,143. If you intend to get a loan to cover the startup costs, Snap-on asks for a personal investment of at least £24,143. For most franchises, this amount represents 30 to 50% of the total investment. Given these low startup costs, this opportunity is suitable for both first-time investors and established franchisees.
Another interesting investment opportunity is Cash Converters, which has been in business since 1984. Cash Converters, now a leader in the sector, has gained 36 years of experience since first opening. By joining its network of 200 franchisees, you would become a part of a strong business community. 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. The higher startup costs make this an opportunity best suited for most established franchisees with greater access to financial resources.
Finally, you could also consider Noa Noa. There are 90 locations open so far, and the network is expanding. By investing in this franchise, you may qualify for financial support. Visit our website for details.
There are currently 61 available franchising opportunities in the Retail industry. Check out these brands to find out if there's a good fit for you. If you're still torn between different sectors, no problem! Point Franchise offers close to 250 franchising opportunities across a variety of sectors. Enjoy exploring your options.
This page contains machine-generated content provided by LabSense, using data collected from NOMIS and the ONS.