Retail & Stores Franchise opportunities to start in Rochester

What to know before opening a business in Rochester

Franchising is a great way to start your own business, while benefitting from the comprehensive support of an established brand. Take a look at our selection of brands in Rochester, located in the Medway area in the South East of England, where many companies are currently recruiting. Browsing our range of brands and sectors will allow you to pinpoint the type of business that is right for you.

The population of Medway is 278,000. When broken down by age group, 20-39 year olds represent the largest portion of the population. The area has 142,200 economically active people, representing 80.7% of the population, with an unemployment rate of 3.5%. This rate is lower than the country's 4% national average. Across the UK, the annual gross income is just over £30,500 on average. In the region of Medway, it averages £30,459.

What the Retail industry could offer you

Across the UK, there are currently 61 opportunities to run your own franchise in the Retail industry. You will find a lot of interesting franchising options, including three Fashion franchises, three Toy Store franchises, three Craft franchises, three E Cigarette franchises and two Greeting Card franchises. Check out the available brands to see if your perfect match is among them. If you would like to operate a business in the Retail industry, it could be useful to know that companies in the sector currently employ 9,000 people in the Medway area.

Three franchise business examples worth looking at

Signorini TARTUFI is a competitive brand operating in the Retail industry. By joining its 31 franchise already in operation, you could contribute to this brand's expansion. Starting a Signorini TARTUFI franchise will require you to invest a minimum of £90,000. At least £30,000 of this should come from your own personal 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.

The London Vape Company is another interesting brand operating in the Retail industry. The first franchise launched in 2014. An initial investment of £60,000 will enable you to open your own London Vape Company business. In most cases, your personal investment should represent 30 to 50% of the total amount. The London Vape Company requires you to personally invest at least £30,000. You could potentially get a loan to cover the remaining costs. Given these higher startup costs, this is an opportunity best suited for most established franchisees with greater access to financial resources. Financial aid can be provided in some circumstances.

Finally, Noa Noa is another interesting franchise option if you plan to invest in the Retail industry. The brand is expanding, with 90 location already in operation, and a desire to expand further. If you can't cover the startup costs on your own, you may be eligible for financial assistance. See eligibility details on our website.

If you are considering opening a franchise business in the Retail industry, you might be interested to have a look at our 61 available brands. Plus, with close to 250 alternative franchising options available in different sectors, Point Franchise offers plenty of choice to find the brand that best meets your needs.

This page contains data collected from NOMIS and the ONS. This content was automatically generated by LabSense.