Retail & Stores Franchise opportunities to start in Northfleet
Starting a new business in Northfleet
Northfleet, located in the East Midlands, currently offers many franchising opportunities. As a franchisee, you could run your own business while receiving expert training and support from an established brand. Keep reading to explore the options in the Northampton area. Starting a business should be exciting! Have a look at our selection of franchising opportunities, focusing on the sectors that you feel most passionate about.
There are 225,000 people living in the Northampton area. Residents aged 20 to 39 years old make up the majority of the population. The 5.1% unemployment rate among 120,300 economically active people in the community is slightly higher than the national average. Northampton has an average annual income of £29,501, which is in line with the national average salary of just over £30,500.
Why the Retail industry might be a good option for you
If you wish to operate a Retail franchise, you are likely to find one that appeals to you among 61 available across the UK. In fact, you can pick from three Fashion franchises, three E Cigarette franchises, two Cosmetic franchises, four Tool franchises and three Toy Store franchises today.
Three brands worth your attention
Initially established in 2014, The London Vape Company operates in the Retail industry. By joining its five franchises already in operation, you could contribute to this brand's rapid expansion. This business requires an initial investment of £60,000. If you intend to get a loan to cover startup costs, you should anticipate adding a personal investment of 30 to 50% of the total investment as a general rule. The minimal personal investment to open a London Vape Company business is £30,000. Given these higher startup costs, this opportunity is less suitable for first-time franchisees. You will also need to invest in a small premises to operate this business. If you are unsure about starting your own business, taking on an established franchise could be the solution. The London Vape Company offers full training and support, ensuring that its franchisees are well-equipped to succeed.
Snap-on is an interesting franchise option in the Retail industry. Starting a Snap-on business requires a substantial initial investment of £110,143. If you plan on getting a loan to cover the startup costs, Snap-on asks for a personal investment of at least £24,143. For most franchises, this amount represents 30 to 50% of the total investment. These low startup costs make this a good franchising option for first-time franchisees. By investing in this established brand, you can benefit from access to expert training and support
Finally, another option to consider is Minuteman Press. The brand runs in 975 franchise locations which make up a well-established business network. In order to start a Minuteman Press business, an affordable initial investment of £50,000 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. Minuteman Press requires a personal investment of at least £25,000. These low startup costs make this a good franchising option for first-time franchisees. An investment in this franchise entitles you to expert training and support as well as financial assistance, if eligible. See our website for details.
There are currently 61 available investment opportunities in the Retail industry. Take a look at these brands to see if there's a good fit for you. Point Franchise has almost 250 franchising opportunities across a wide range of sectors. So if this sector isn't for you, there are still lots of investment options to explore.
This text was automatically generated in partnership with LabSense, using data collected from NOMIS and the ONS.