Retail & Stores Franchise opportunities to start in Stanford-le-Hope
What to consider when starting a franchise in Stanford-le-Hope
You could start your own business by becoming a franchisee in Stanford-le-Hope. There are a number of possibilities to choose from in Thurrock, located in the East of England. Check out our selection of brands and start running your own business with a team behind you. Deciding which sector you'd like to work in will lead you to the brands that best suit your needs and career objectives.
According to recent census data, there are 173,000 people living in Thurrock. Residents in the 0-19 age group make up the largest portion of the population. In terms of employment, the region has an economically active population of 89,300 people (81.5%), of which the unemployment rate is 5.5%. This figure is slightly higher than the average unemployment rate across the UK. The area's average gross annual income of £30,610 is in line with the average income of close to £31,000 across the UK.
What the Retail industry could offer you
If the idea of running a business in the Retail industry appeals to you, have a look at the 61 brands currently recruiting franchisees in the sector. There are three Fashion franchises, three Craft franchises, three Toy Store franchises, four Tool franchises and two Cosmetic franchises offering franchising opportunities. You'll find options to suit many different career goals and aspirations.
Three franchise business worth reading about
If you're interested in the Retail industry, take a look at The London Vape Company. This brand is growing quickly, counting five outlet in the United Kingdom. It has been operating since 2014. In order to open a London Vape Company business, an initial investment of £60,000 is required. If you plan on getting a loan to cover the startup costs, you will generally need to cover 30 to 50% of the total investment yourself. The London Vape Company requires a personal investment of at least £30,000. 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 assistance.
Another option to consider is Ecigwizard, a brand that first began operating in 2011. By joining its current 45 franchisee, you would become a part of a fast growing brand network. You will need an initial investment of £60,000 to start your own Ecigwizard business. Your personal investment should account for at least £40,000 of the total amount. You may want to think about getting a loan to open a business in this sector. It is thus less appropriate for new investors. You could also receive financial aid, if eligible.
Lastly, another option to consider is Signorini TARTUFI. The brand is expanding, with 31 location currently in operation, and a desire to expand further. To start your own Signorini TARTUFI franchise, you will need to invest £90,000, of which at least £30,000 should be your own personal investment. You could get a loan to help cover the remaining startup costs. It is thus less appropriate for new investors. You will also need to invest in a small premises to operate this business. Also, if you can't afford the startup costs alone, you may be able to benefit from financial aid. See eligibility details on our website.
If you would like to work in the Retail industry, the perfect business opportunity could be waiting for you among our 61 available franchises in the sector. Don't forget that we offer new business investment ranges across a variety of sectors on Point Franchise. If you're still looking for the perfect match, just explore our opportunity of close to 250 franchising options.
This text was automatically generated in partnership with LabSense, using data provided by NOMIS and the ONS.