Retail & Stores Franchise opportunities to start in Colchester
Colchester and its prospects for new Businesses
Discover the opportunities waiting for you in Colchester, situated in the East of England. On this page you'll find a selection of brands recruiting franchisees in the Colchester area. Franchising gives you the opportunity to manage your own business, complete with training and marketing support. To start off with, look for the line of work that interests you the most. This is a quick way to find the brand best suited to you.
The population of Colchester is 193,000. The 20-39 age range makes up the majority of the population. Colchester has an unemployment rate of 3.6% within its labour force of 93,800 people. This rate is below par compared to the national average. The local income averages £33,390 per year, which is higher than the close to £31,000 average income in the United Kingdom as a whole.
Why start a franchise in the Retail industry?
Across the United Kingdom, you will find 61 franchises operating in the Retail industry. Available brands include three Toy Store franchises, four Printing franchises, four Tool franchises, three E Cigarette franchises and two Music Shop franchises. You are likely to find a business that fits your career goals and aspirations among our numerous investment possibilities. In Colchester, the Retail industry already provides employment for nearly 9,000 people, potentially making this path an ideal one for you, too!
Three franchise businesses worth reading about
If the Retail industry is your area of interest, The Original Poster Company is worth looking at. Initially established in 1991, the company now has 29 years of experience, making it a leader in the sector. This brand is expanding, counting 70 locations in the United Kingdom. If you make the decision to invest in this franchise, financial assistance is available, providing you meet the eligibility criteria. Visit our website for details.
Cash Generator, open since 1997, is another interesting option. The brand's network is made up of 700 franchisees, which increase its visibility. Cash Generator has proved itself to be a successful business and leader in the field in its 23 years since opening. You will need to invest £240,000 to begin operating your own Cash Generator business, which is a significant initial investment. Your personal investment should account for at least £80,000 of the total amount. Due to the higher startup costs, this option is not recommended for first-time franchisees.
Finally, Cash Converters is another interesting franchise option if you plan to invest in the Retail industry. Launched in 1984, the company has built strong customer loyalty over the past 36 years. The brand runs in 200 franchise locations which make up a strong business network. Opening a Cash Converters franchise will require you to invest a minimum of £100,000. At least £39,000 of this should come from your own personal investment. Due to the higher startup costs, this option is not recommended for first-time franchisees.
If you want to work in the Retail industry, the perfect investment opportunity could be waiting for you among our 61 available franchises in the sector. At Point Franchise, we have close to 250 franchising opportunities available, giving you plenty to choose from in other sectors as well.
NOMIS and the ONS provided the data shown on this page. This text was automatically generated by LabSense.