Retail & Stores Franchise opportunities to start in Paignton
Investing in a franchise in Paignton
Paignton, located in South West England, currently offers many franchising opportunities. As a franchisee, you could run your own business while receiving expert training and support from an established brand. Keep reading to explore the options in the Torbay area. We offer a number of realistic new business investment options, so that you can find one you like.
An estimated 136,000 people currently live in Torbay. When broken down by age group, the 60+ age range is the most prevalent in the population. The community has a 4.1% unemployment rate, which is in line with the national average of 4%. There are 59,400 economically active people in the area, representing 78.1% of the total population. Torbay has an average annual income of £23,343, which is lower than the national average salary of £30,629.
Why start a franchise in the Retail industry?
Across the United Kingdom, there are 61 franchises operating in the Retail industry. Available franchises include three Fashion franchises, two Greeting Card franchises, four Tool franchises, three Toy Store franchises and two Music Shop franchises. The perfect business to suit your career goals and aspirations might just be among them. If you're keen on the Retail industry, you may want to consider how many people already work in the sector. In Torbay, Retail companies currently employ 6,000 people.
Check out three available franchise opportunities
There are many interesting franchising possibilities in the Retail industry. Take Snap-on for example. This business requires a substantial initial investment of £110,143. If you plan on getting 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 open a Snap-on business is £24,143. Given these low startup costs, this option could be suitable for first-time franchisees.
Take a look at The London Vape Company, another competitive Retail franchise that launched in 2014. By joining its network of five franchisees, you could play a part in this up-and-coming brand's success. You will need an initial investment of £60,000 to start your own London Vape Company business. Your personal investment should account for at least £30,000 of the total amount. You may want to think about getting a loan to open a business in this sector. 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. If you can't afford the startup costs on your own, you could find out if you qualify for financial aid.
Lastly, you could also have a look at Signorini TARTUFI. By joining its current 31 franchisees, you would become a part of a growing brand network. You will need to invest £90,000 to begin operating your own Signorini TARTUFI business, which is a substantial initial investment. Your personal investment should account for at least £30,000 of the total amount. 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.
The Retail industry offers many interesting franchising opportunities, including our 61 franchise options. At Point Franchise, we have almost 250 franchising opportunities available, giving you plenty to choose from in other sectors too.
This page contains data provided by NOMIS and the ONS. This content was automatically generated by LabSense.