Retail & Stores Franchise opportunities to start in Chatham
Chatham is an attractive town to invest in
Would you like to start a business in Chatham, located in South East England? Would you like to work for yourself but not on your own? If so, have a look at our franchising options. On this page, you'll find several companies offering the training and support you need to run your own business in the Medway area. Browsing our range of brands and sectors will allow you to pinpoint the type of business that is right for you.
Medway has a population of approximately 278,000 people. Residents aged 20 to 39 years old make up the majority of the population. The 3.5% unemployment rate among the 142,200 economically active people in the area is lower than the UK average. Across the United Kingdom, the average gross income is £30,629. In the Medway area, it amounts to £30,459.
Why Retail businesses appeal to franchisees
Across the UK, there are 61 franchises operating in the Retail industry. Available franchises include two Music Shop franchises, three Craft franchises, three E Cigarette franchises, three Toy Store franchises and three Fashion franchises. The perfect business to suit your career goals and aspirations might just be among them. In the Medway area, the Retail industry provides employment for 9,000 people.
Three franchise business examples worth looking at
Cash Generator is an interesting business operating in the Retail industry. Initially established in 1997, the brand has acquired valuable experience and expertise over the past 23 years. A total of £240,000, a substantial initial investment, is required to open a Cash Generator franchise. You might want to consider getting a loan to cover the startup costs, in which case at least £80,000 of the total investment should come from your personal funds. Due to the higher startup costs, this option is not advisable for first-time franchisees.
Another option to consider is The London Vape Company, a brand that was first established in 2014. By joining its five franchises already in operation, you could contribute to this company's rapid expansion. An initial investment of £60,000 will enable you to start 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 apply for a loan to cover the remaining costs. The higher startup costs make this an opportunity best suited for most established franchisees with greater access to financial resources. You will also need to invest in a small premises to operate this business. By investing in this franchise, you may be eligible for financial support.
The Retail industry has many brands worth considering. As a final example, check out Signorini TARTUFI. This brand is expanding, counting 31 locations across the UK. This business requires a substantial initial investment of £90,000. If you plan on getting 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 start a Signorini TARTUFI business is £30,000. It is thus less appropriate for new investors. You will also need to invest in a small premises to operate this business. You could also benefit from financial aid, if eligible. See our website for details.
The Retail industry currently offers 61 new business investment opportunities. If you're interested in exploring franchising opportunities in other sectors, Point Franchise has 236 brands to choose from.
This page contains data collected from NOMIS and the ONS. This content was automatically generated by LabSense.