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Plymouth and its prospects for new Businesses

Would you like to start a business in Plymouth, located in South West 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 brands offering the training and support you need to run your own business in the Plymouth area. Starting a business should be exciting! Explore our range of franchising opportunities, starting with the sectors that you feel most passionate about.

Recent figures show that Plymouth has a population of 263,000 people. The most represented age group is 20-39 years old. The local labour force consists of 129,300 people, or 77.6% of the total population. With an unemployment rate of 4.6%, recent data indicates that employment in this area is slightly higher than in the rest of the United Kingdom. The average annual income across the UK is close to ?31,000. With a gross salary averaging ?24,371, residents of Plymouth have a lower salary than the national average.

Could the Retail industry be the right choice for you?

If you want to run your own business in the Retail industry, the good news is that there are 61 franchises currently recruiting new franchisees across the country. In fact, you can choose from three Fashion franchises, three Toy Store franchises, four Printing franchises, three E Cigarette franchises and four Tool franchises today.

Three franchise businesses worth reading about

There are many interesting franchising possibilities in the Retail industry. Take Ecigwizard for example, a business that was first established in 2011. There are 45 locations open so far, and the network is expanding quickly. To start your business, you will need an initial investment of ?60,000. If you intend to get a loan to cover the costs of opening a franchise, a personal investment of 30 to 50% of the total amount will usually be required. For Ecigwizard, the minimum personal investment is ?40,000. Due to the higher startup costs, this option is not advisable for first-time franchisees. If you can't afford the startup costs on your own, you may be eligible for financial aid.

Take a look at Signorini TARTUFI. By joining its current 31 franchisees, you would become a part of a growing brand network. Opening 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. 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. You could also benefit from financial assistance, if eligible.

Minuteman Press is a third interesting franchise option in the Retail industry. The brand's network is made up of 975 franchisees, which increase its exposure. A total of ?50,000, a reasonable initial investment, is required to open a Minuteman Press franchise. You might want to consider getting a loan to cover the startup costs, in which case at least ?25,000 of the total investment should come from your personal funds. Given these low startup costs, this option could be suitable for first-time franchisees. If you can't afford the startup costs on your own, you could find out if you qualify for financial aid. Visit our website for details.

Eager to read more about business opportunities in the Retail industry? Check out our 61 available options. You will find a total of almost 250 franchise options on Point Franchise. So if you are still looking for the perfect business opportunity, there are still plenty of options for you to explore.

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