Retail & Stores Franchise opportunities to start in Grays
Is Grays a good place to become a franchisee?
Many brands are currently looking for franchisees in Grays, located in the East of England. By becoming a franchisee, you could run your own business while receiving comprehensive training and marketing assistance. Keep reading to explore the options in the Thurrock area. Browsing our selection of brands and sectors will allow you to pinpoint the type of business that is right for you.
According to recent census data, 173,000 people live in Thurrock. Residents in the 0-19 age group make up the largest portion of the population. The economically active population in Thurrock amounts to 89,300 people, with an unemployment rate of 5.5%. This rate is slightly higher than the national average. For the Thurrock area, the average salary is £30,610, which is in line with the national average income of £30,629.
Running a Retail franchise business
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 sector. There are four Sweet Shop franchises, three Toy Store franchises, three E Cigarette franchises, four Tool franchises and three Craft franchises offering franchising opportunities. You'll find opportunities to suit many different career goals and aspirations.
Read about these three brands to see what franchise options exist
If you're interested in the Retail industry, check out The London Vape Company, a brand that opened in 2014. The brand is expanding quickly, with five outlets currently in operation, and a desire to expand further. You will need an initial investment of £60,000 to start your own London Vape Company business. Your personal investment should account for at least £30,000 of the total amount. You may want to think about 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. Financial aid can be provided in some circumstances.
Signorini TARTUFI is another competitive brand operating in the Retail industry. Starting a Signorini TARTUFI business requires a substantial initial investment of £90,000. If you plan on getting a loan to cover the startup costs, Signorini TARTUFI asks for a personal investment of at least £30,000. For most franchises, this amount represents 30 to 50% of the total investment. Given these higher startup costs, this is an opportunity best suited for most established franchisees with greater access to financial resources. A small premises will also be required to operate this business. If you can't afford the startup costs on your own, you may be eligible for financial aid. See eligibility details on our website.
Lastly, another possibility to consider is Cash Converters. The company was first established in 1984. Cash Converters now offers its expertise to a loyal customer base, built up over 36 years. By joining its network of 200 franchisees, you would become a part of a strong business community. To start your business, you will need an initial investment of £100,000. If you intend to get a loan to cover the costs of opening a franchise, a personal investment of 30 to 50% of the total amount will generally be required. For Cash Converters, the minimum personal investment is £39,000. Due to the higher startup costs, this option is not recommended for first-time franchisees.
There are 61 franchises waiting to be discovered in the Retail industry. You will find a total of almost 250 franchise options on Point Franchise. So if you are still looking for the perfect business opportunity, there are still plenty of options for you to explore.
This page contains data collected from NOMIS and the ONS. This content was automatically generated by LabSense.