Retail & Stores Franchise opportunities to start in Bognor Regis
Starting a franchise business in Bognor Regis
The Arun area offers many interesting business opportunities. If you are interested in running your own business, you should consider franchising. This would allow you to work for yourself while receiving the support of an established brand. Have a look on this page to discover the franchise options available to you in Bognor Regis. If you already know which line of work you'd like to pursue, explore our franchise options in that sector. If not, have a look and see what other options catch your eye. We have businesses to suit many different interests and career objectives.
There are 160,000 people in the Arun region. When broken down by age group, the 60+ age range is the most prevalent in the population. In terms of employment, the area has an economically active population of 69,100 people (80.0%), of which the unemployment rate is 5.1%. This figure is slightly higher than the average unemployment rate in the United Kingdom. The average annual income across the United Kingdom is £30,629. With a gross salary averaging £26,777, residents of Arun have a slightly lower salary than the national average.
Have you considered the Retail industry?
If you wish to open a business in the Retail industry, have a look at our 61 franchises currently recruiting franchisees in the field. This sector offers a variety of interesting options, including three E Cigarette franchises, four Sweet Shop franchises, two Music Shop franchises, three Craft franchises and four Tool franchises. See if any catch your eye. In Arun, the Retail industry already provides employment for nearly 7,000 people, potentially making this path an ideal one for you, too!
Want to know more? Read about these three brands
The Retail industry offers a range of brands to choose from, including Cash Converters. Launched in 1984, the company has built strong customer loyalty over the past 36 years. The brand has a strong network and good exposure, operating in 200 franchise locations. A total of £100,000, a substantial initial investment, is required to open a Cash Converters franchise. You might want to consider getting a loan to cover the startup costs, in which case at least £39,000 of the total investment should come from your personal funds. It is thus less appropriate for new investors.
Another possibility to consider is Mac Tools. The brand first opened in 2011. The brand's network is significant, counting 170 outlets across the UK. Starting a Mac Tools business requires an affordable initial investment of £50,000. If you intend to get a loan to cover the startup costs, Mac Tools asks for a personal investment of at least £5,000. For most franchises, this amount represents 30 to 50% of the total investment. 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. Eligible candidates may apply for financial aid.
Lastly, The London Vape Company, open since 2014, is another interesting option. The brand is growing quickly, with five franchises already in operation, and a desire to expand further. This business requires an initial investment of £60,000. 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 London Vape Company business is £30,000. It is thus less appropriate for new investors. A small premises will also be required to operate this business. If you can't cover the startup costs on your own, you could see if you qualify for financial assistance. Visit our website for more information.
There are currently 61 available franchising opportunities in the Retail industry. Take a look at these businesses to find out if there's a good fit for you. Point Franchise offers a total of close to 250 franchising opportunities across a variety of sectors. So, if you're still searching for a brand that meets your needs, there are plenty of options for you to explore.
This text was automatically generated in partnership with LabSense, using data provided by NOMIS and the ONS.