Retail & Stores Franchise opportunities to start in Worthing
What can Worthing offer to new businesses?
If you want to open your own business, you may find that Worthing has a lot to offer. Companies are currently recruiting franchisees in the Breckland area. Keep reading to find out if running a franchise could be a good option for you! Browsing our range of brands and sectors will allow you to pinpoint the type of business that is right for you.
The population of Breckland is 139,000. When broken down by age group, the majority of the population sits within the 60+ category. In terms of employment, the region has a labour force of 63,400 people (80.0%), of which the unemployment rate is 3.1%. This figure is lower than the average unemployment rate in the United Kingdom. The gross annual salary in Breckland amounts to £23,688, which is lower than the national average of close to £31,000.
The Retail industry and its investment options
There are 61 franchises in the Retail industry to choose from. There are currently three Fashion franchises, two Music Shop franchises, four Printing franchises, three Toy Store franchises and four Tool franchises recruiting franchisees. Have a browse to see whether any fit your career goals and aspirations. In Breckland, the Retail industry already provides work for nearly 5,000 people, potentially making this path an ideal one for you, too!
Three franchises that might interest you
If working in the Retail industry appeals to you, check out Snap-on. Starting a Snap-on business requires a significant initial investment of £110,143. If you plan on getting a loan to cover the startup costs, Snap-on asks for a personal investment of at least £24,143. 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.
Another option worth considering is Ecigwizard, a company that was first established in 2011. By joining its current 45 franchisees, you would become a part of a fast growing brand network. In order to open 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 typically need to cover 30 to 50% of the total investment yourself. Ecigwizard requires a personal investment of at least £40,000. Due to the higher startup costs, this option is not recommended for first-time franchisees. Also, if you can't afford the startup costs on your own, you may qualify for financial support.
Lastly, another opportunity worth considering is Zip Yard. Also, if you can't afford the startup costs alone, you may be entitled to financial assistance. See our website for details.
The Retail industry offers many interesting franchising opportunities, including our 61 franchise options. Plus, with close to 250 alternative franchising options available across various sectors, Point Franchise offers plenty of choice to find the brand that best meets your needs.
This text was automatically generated in partnership with LabSense, using data collected from NOMIS and the ONS.