Retail & Stores Franchise opportunities to start in Torquay
Why should you invest in Torquay?
Many brands are currently looking for franchisees in Torquay, located in the South West. By becoming a franchisee, you could manage your own business while receiving comprehensive training and marketing support. Keep reading to explore the options in the Torbay area. To begin, look for the line of work that appeals to you the most. This is a quick way to find the franchise best suited to you.
Torbay has an estimated population of 136,000 residents. The population's most prevalent age group is made up of 60+ year olds. Unemployment in the area (4.1%) is comparable to the UK as a whole (4%). The labour force represents 78.1% of the local population, or 59,400 people. For the Torbay area, the average income is £23,343, which is lower than the UK average salary of just over £30,500.
What the Retail industry could offer you
If you wish to run a business in the Retail industry, check out our 61 brands currently recruiting franchisees in the field. In fact, you can choose from four Sweet Shop franchises, three Craft franchises, two Cosmetic franchises, four Printing franchises and three E Cigarette franchises today. Moreover, the number of people currently employed in a specific industry gives an indication of how dynamic it is. In the Torbay area, 6,000 people are employed by Retail businesses.
Three franchise businesses worth reading about
If you are interested in opening a business in the Retail industry, read about Noa Noa. By joining its current 90 franchisees, you would become a part of a growing brand network. Also, if you can't cover the startup costs alone, you may be entitled to financial assistance.
Cash Converters is another competitive brand operating in the Retail industry. The first franchise launched in 1984. Cash Converters now offers its expertise to a loyal customer base, built up over 36 years. A substantial initial investment of £100,000 will enable you to open 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 recommended for first-time franchisees.
Lastly, Tubz Vending is another successful brand operating in the Retail industry. The brand has a strong network and good exposure, operating in 300 franchise outlets. You will need an initial investment of £3,295 to open your own Tubz Vending business. These relatively low startup costs make it a good option to pursue for first-time franchisees. A small premises will also be required to operate this business. By investing in this franchise, you may be eligible for financial assistance. See our website for more information.
Eager to read more about business opportunities in the Retail industry? Explore our 61 available options. Point Franchise offers a total of 236 franchising options across a variety of sectors. So, if you're still looking for a brand that meets your needs, there are plenty of options for you to explore.
Data on this page was collected from NOMIS and the ONS. This content was machine-generated in partnership with LabSense.