Retail & Stores Franchise opportunities to start in King's Lynn

King's Lynn could be home to your new business

Are you considering opening a franchise? King's Lynn, in the East of England, could have a lot to offer. By becoming a franchisee, you could receive training and marketing support from an established brand while managing your own business. Check out the brands currently recruiting in King's Lynn and West Norfolk. Explore our sectors and brands to find your best options among various franchising opportunities, keeping in mind your personal interests and business goals.

Recent figures show that King's Lynn and West Norfolk has a population of 152,000 residents. Residents aged over 60 years old have the highest concentration within the population. King's Lynn and West Norfolk has an unemployment rate of 3.2% within its labour force of 69,100 people. This rate is below par compared to the national average. Residents in the area earn £25,049 per year on average. This income is slightly lower than the country's average gross income, which reaches close to £31,000.

The Retail industry and its franchising opportunities

In the United Kingdom, there are 61 franchises recruiting in the Retail industry. With three E Cigarette franchises, three Craft franchises, four Printing franchises, three Fashion franchises and two Music Shop franchises, this sector has great potential for exciting business ventures. See if there's a brand to suit your goals and interests. If you want to work in the Retail industry, you may be interested to know that, in the King's Lynn and West Norfolk area, 6,000 people currently work in the industry.

Take a look at these three business examples

First established in 2011, Ecigwizard is a competitive business operating in the Retail industry. By joining its current 45 franchisees, you would become a part of a fast growing brand network. In order to start an Ecigwizard business, an initial investment of £60,000 is required. If you plan on getting a loan to cover the startup costs, you will usually need to cover 30 to 50% of the total investment yourself. Ecigwizard asks for a personal investment of at least £40,000. Due to the higher startup costs, this option is not advisable for first-time franchisees. You may be eligible for financial aid.

Have a look at Minuteman Press. By joining its network of 975 franchisees, you would become a part of a well-established business community. A reasonable initial investment of £50,000 will enable you to open your own Minuteman Press business. In most cases, your personal investment should represent 30 to 50% of the total amount. Minuteman Press requires you to personally invest at least £25,000. You could potentially get a loan to cover the remaining costs. Given these low startup costs, this opportunity is suitable for both first-time investors and established franchisees. An investment in this franchise entitles you to financial assistance, if eligible.

As a final Retail franchise option, take a look at Tubz Vending. The brand's network is important, counting 300 locations across the UK. An initial investment of £3,295 will allow you to start your own Tubz Vending business. These low startup costs make it a good option to pursue for first-time franchisees. You will also need to invest in a small premises to operate this business. By investing in this franchise, you may qualify for financial support. Visit our website for more information.

The Retail industry has many successful franchise businesses. We currently have 61 options available in this sector. If you're curious about franchising options in other sectors, Point Franchise offers almost 250 brands to choose from.

This text was automatically generated in partnership with LabSense, using data collected from NOMIS and the ONS.