Retail & Stores Franchise opportunities to start in Exeter
Why should you invest in Exeter?
Many brands are currently recruiting franchisees in Exeter, located in South West England. By becoming a franchisee, you could run your own business while receiving comprehensive training and marketing support. Keep reading to explore the options in the Exeter area. Check out our various franchising options to discover the sectors and brands that most appeal to you.
Approximately 130,000 people currently live in Exeter. The majority of the population falls within the 20-39 age range. The local labour force includes 70,900 people, or 79.5% of the total population. With an unemployment rate of 2.6%, recent data indicates that employment in this area is significantly lower than in the rest of the UK. For the Exeter area, the average income is £26,426, which is slightly lower than the UK average salary of just over £30,500.
Why the Retail industry might be a good option for you
There are currently 61 opportunities to invest in the Retail industry. If you would like to operate a business in this sector, keep reading. This sector offers a variety of interesting options, including two Music Shop franchises, three Craft franchises, four Printing franchises, four Sweet Shop franchises and three E Cigarette franchises. See if any catch your eye. Many businesses in Exeter already work in the Retail industry, which employs 8,000 people. You would become a part of a well-established business community.
Take a look at three franchise business examples
There are many interesting franchising opportunities in the Retail industry. Take Mac Tools for example, a brand that was first established in 2011. The brand's network is made up of 170 franchisees, which promote its visibility. To start your business, you will need an initial investment of £50,000. If you intend to get a loan to cover the costs of opening a franchise, a personal investment of 30 to 50% of the total amount will generally be required. For Mac Tools, the minimum personal investment is £5,000. Whether you're an established franchisee or a first-time investor, the low startup costs mean that this could be a good option for you. You could also benefit from financial assistance, if eligible. Visit our website for more information.
Snap-on is an interesting franchise option in the Retail industry. You will need to invest £110,143 to start your own Snap-on business. At least £24,143 of this significant amount should come from your own personal investment. These relatively low startup costs make it a good option to pursue for first-time franchisees.
Finally, Cash Converters is an interesting franchising opportunity in the Retail industry. First launched in 1984, Cash Converters now offers its expertise to a loyal customer base, built up over 36 years. The brand has a well-established network and good exposure, operating in 200 franchise outlets. 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 apply for a loan to cover the remaining costs. It is thus less appropriate for new investors.
We offer a total of 61 businesses in the Retail industry. If you're interested, see if the perfect investment opportunity for you is among them. You will find a total of 236 franchise possibilities here on Point Franchise. So if you haven't settled on one sector yet, take your time and explore all the options.
This page contains data collected from NOMIS and the ONS. This content was automatically generated by LabSense.