Retail & Stores Franchise opportunities to start in Lowestoft
Why should you invest in Lowestoft?
Located in the East of England, Lowestoft is an area with business opportunities on the rise. If working as your own boss with a team behind you sounds appealing, check out our franchising options in Suffolk and take the first step towards running your own business. Deciding which sector you'd like to work in will lead you to the brands that best suit your needs and career objectives.
Suffolk has a population of approximately 759,000 people. When broken down by age group, the 60+ age range is the most prevalent in the population. The area has a labour force of 350,800 people, or 80.2% of the total population. The unemployment rate (2.4%) is very low compared to the rest of the United Kingdom. For the Suffolk area, the average income is £29,129, which is in line with the national average salary of just over £30,500.
The Retail industry: An interesting opportunity for franchisees
If the idea of running a business in the Retail industry appeals to you, take a look at the 61 brands currently recruiting franchisees in the field. You can pick an investment opportunity from three E Cigarette franchises, four Printing franchises, two Cosmetic franchises, three Fashion franchises and four Tool franchises. Let our selection of brands be your guide to starting your next exciting business venture. Many companies in Suffolk already work in the Retail industry, which employs 32,000 people. You would be joining a well-established business community.
Three franchises that might interest you
Initially established in 2011, Mac Tools operates in the Retail industry. The brand's network is vast, counting 170 outlets across the country. You will need to invest £50,000 to start your own Mac Tools business. At least £5,000 of this reasonable amount should come from your own personal investment. These relatively low startup costs make it a good option to pursue for first-time franchisees. By investing in this established brand, you could be eligible for financial aid.
Signorini TARTUFI could be another good option for you to invest in. By joining its 31 franchises already in operation, you could contribute to this brand's expansion. This business opportunity requires a significant initial investment of £90,000. You could get a loan to help cover startup costs, in which case your personal investment will generally need to cover 30 to 50% of the total investment. Signorini TARTUFI asks for a minimum personal investment of £30,000. Due to the higher startup costs, this option is not recommended for first-time franchisees. You will also need to invest in a small premises to operate this business. Also, if you can't afford the startup costs on your own, you may qualify for financial assistance.
Finally, have a look at Tubz Vending, another competitive Retail franchise. The brand operates in 300 franchise locations which make up a well-established business community. Opening a Tubz Vending business requires an initial investment of £3,295. These low startup costs make this a good franchising option for first-time franchisees. A small premises will also be required to operate this business. You could also receive financial aid, if eligible. See our website for details.
If you are interested in the Retail industry and would like to learn more about its available franchising opportunities, explore the 61 companies currently recruiting franchisees in the sector. You will find a total of almost 250 franchise possibilities here on Point Franchise. So if you haven't settled on one sector yet, take your time and explore all the options.
NOMIS and the ONS provided the data shown on this page. This text was automatically generated by LabSense.