Retail & Stores Franchise opportunities to start in Bury
What can Bury offer to new businesses?
Would you like to run your own business? Bury, located in the East of England, could be a good place to start. There are many brands currently recruiting franchisees in the Huntingdonshire area. Franchising gives you the opportunity to manage your own business while benefitting from the support of an established brand. If you already know which line of work you'd like to pursue, look into our franchise opportunities in that sector. If not, look around and see what other options catch your eye. We have businesses to suit many different interests and career objectives.
The population of Huntingdonshire is made up of 177,000 residents. Residents aged 40 to 59 years old make up the majority of the population. The local unemployment rate of 3.7% is comparable to the UK average of 4%. The local labour force consists of 88,700 people, making up 82.3% of the population. Huntingdonshire has an average annual income of £32,122. This salary is slightly higher than the rest of the United Kingdom, which has an average salary of £30,629.
The Retail industry and its investment options
If you wish to open a business in the Retail industry, check out our 61 franchises currently recruiting franchisees in the sector. Available brands include two Greeting Card franchises, four Printing franchises, three Fashion franchises, four Sweet Shop franchises and two Cosmetic franchises. You are likely to find a business that fits your career goals and aspirations among our multiple franchise possibilities. In Huntingdonshire, the Retail industry already provides employment for nearly 6,000 people, potentially making this path an ideal one for you, too!
Three examples of available franchise business possibilities
Cash Converters is a competitive franchise that has been operating in the Retail industry since 1984. Cash Converters has gained expertise and customer loyalty in its 36 years since opening. The brand's network is important, counting 200 locations across the United Kingdom. You will need an initial investment of £100,000 to start your own Cash Converters business. Your personal investment should account for at least £39,000 of the total amount. You may want to consider getting a loan to open a business in this sector. Due to the higher startup costs, this option is not recommended for first-time franchisees.
Another option to consider is Ecigwizard, a brand that first opened in 2011. The brand is expanding quickly, with 45 outlets currently in operation, and a desire to expand further. 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 typically 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.
Finally, another interesting franchising opportunity is Snap-on. To open your own Snap-on franchise, you will need to invest £110,143, of which at least £24,143 should be your own personal investment. You could get a loan to help cover the remaining startup costs. These low startup costs make this a good franchising option for first-time franchisees.
If you would like to take a look at more franchising options in the Retail industry, we currently have 61 available opportunities. At Point Franchise, we have almost 250 new business investment opportunities available, giving you plenty to choose from in other sectors as well.
Data on this page was provided by NOMIS and the ONS. This content was machine-generated in partnership with LabSense.