Retail & Stores Franchise opportunities to start in Basildon
Is Basildon a good place to be a franchisee?
Basildon, located in the East of England, 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 Basildon area. We offer a number of franchises to suit various budgets and career objectives. Take a look at our range of businesses and sectors to see what might suit you.
The population of Basildon is made up of 186,000 people. The 40-59 age group is the most represented within the population. The local unemployment rate of 3.5% among 91,700 economically active people, or 81.0% of the population, is lower than the average in the UK. Basildon has an average annual salary of £32,823, which is slightly higher than the national average income of close to £31,000.
The Retail industry and its investment opportunities
Across the United Kingdom, there are 61 franchises in the Retail industry. In fact, you can choose from three Craft franchises, four Tool franchises, two Greeting Card franchises, two Music Shop franchises and four Printing franchises today.
Three franchise business examples worth looking at
There are many interesting franchising options in the Retail industry. Take Cash Generator for example, a brand that was first established in 1997. Cash Generator has proved itself to be a successful business and leader in the field in its 23 years since opening. By joining its network of 700 franchisees, you would become a part of a strong business community. To open your own Cash Generator franchise, you will need to invest £240,000, of which at least £80,000 should be your own personal investment. You could get a loan to help cover the remaining startup costs. The higher startup costs make this an opportunity best suited for most established franchisees with greater access to financial resources.
Signorini TARTUFI could be another good option for you to invest in. The brand is developing, with 31 locations currently in operation, and a desire to expand further. Starting a Signorini TARTUFI business requires a significant 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. It is thus less appropriate for new investors. You will also need to invest in a small premises to operate this business.
Finally, Zip Yard is an interesting investment opportunity in the Retail industry. If you can't cover the startup costs on your own, you may qualify for financial assistance. See eligibility details on our website.
The Retail industry has many successful franchise businesses. We currently have 61 opportunities available in this sector. If you are still not sure which sector best suits your needs, have a look through our selection of close to 250 new business investment opportunities across a variety of sectors on Point Franchise.
NOMIS and the ONS provided the data shown on this page. This text was automatically generated by LabSense.