Retail & Stores Franchise opportunities to start in Royal Tunbridge Wells
Royal Tunbridge Wells and its prospects for new Businesses
If you're thinking about running your own business in Royal Tunbridge Wells, located in the South East of England, you should look at franchising options. Several brands are currently recruiting in the Tunbridge Wells area. As a franchisee you could manage your own business while benefitting from comprehensive support. Keep reading to find out if this could be for you. Deciding which sector you'd like to work in will lead you to the businesses that best suit your needs and business goals.
Recent figures show that Tunbridge Wells has a population of 118,000 people. When broken down by age group, 40-59 year olds represent the largest portion of the population. The area has a 2.7% unemployment rate, which is significantly lower than the national average of 4%. Overall, the region's economically active population consists of 58,100 people or 83.4% of the total population. Tunbridge Wells has an average annual income of £39,104. This salary is significantly higher than the rest of the United Kingdom, which has an average salary of close to £31,000.
Running a Retail franchise business
In the United Kingdom, you will find 61 franchises recruiting in the Retail industry. Have a look through our three E Cigarette franchises, two Cosmetic franchises, two Greeting Card franchises, four Tool franchises and four Sweet Shop franchises to see if any suit your career goals and aspirations. If you're keen on the Retail industry, you may want to consider how many people already work in the industry. In Tunbridge Wells, Retail companies currently employ 6,000 people.
Three franchises that might interest you
Initially established in 2014, The London Vape Company operates in the Retail industry. This brand is growing quickly, counting five outlets across the UK. Starting a London Vape Company business requires an initial investment of £60,000. If you plan on getting a loan to cover the startup costs, The London Vape Company asks for a personal investment of at least £30,000. For most franchises, this amount represents 30 to 50% of the total investment. Due to the higher startup costs, this option is not recommended for first-time franchisees. A small premises will also be required to operate this business. When investing in this franchise, you could be eligible for financial aid.
Another possibility to consider is Mac Tools. The company has been operating since 2011. The brand's network is made up of 170 franchisees, which promote its visibility. Opening a Mac Tools franchise will require you to invest a minimum of £50,000. At least £5,000 of this should come from your own personal investment. These low startup costs make it a good option to pursue for first-time franchisees. If you can't cover the startup costs on your own, you may qualify for financial assistance.
The Retail industry has many brands worth considering. As a final example, have a look at The Original Poster Company. Initially established in 1991, the brand now has 29 years of experience, making it a leader in the field. By joining its current 70 franchisees, you would become a part of a growing brand network. If you can't afford the startup costs on your own, you could find out if you qualify for financial aid. Visit our website for details.
The Retail industry offers many interesting franchising opportunities, including our 61 franchise options. If you're interested in exploring franchising opportunities in other sectors, Point Franchise has almost 250 brands to choose from.
NOMIS and the ONS provided the data shown on this page. This text was automatically generated by LabSense.