Retail & Stores Franchise opportunities to start in Wakefield
Is Wakefield a good place to become a franchisee?
Wakefield, located in Yorkshire and the Humber, currently offers many franchising opportunities. As a franchisee, you could manage your own business while receiving expert training and support from an established brand. Keep reading to explore the options in the West Yorkshire Met County area. By exploring the sectors that appeal to you the most, you will find the franchises that best suit your interests and business goals.
According to recent census data, 2,320,000 people live in West Yorkshire Met County. Residents aged 20 to 39 years old are the most represented within the population. In terms of employment, the region has a labour force of 1,100,200 people (75.8%), of which the unemployment rate is 4.6%. This figure is slightly higher than the average unemployment rate across the country.
Why the Retail industry might be a good option for you
If you would like to operate a Retail franchise, you are likely to find one that appeals to you among 61 available across the UK. There are four Tool franchises, four Printing franchises, three Toy Store franchises, two Greeting Card franchises and three Craft franchises offering franchising opportunities. You'll find opportunities to suit many different career objectives and aspirations.
Three examples of available franchise business possibilities
Minuteman Press is an interesting franchise operating in the Retail industry. The brand's network is made up of 975 franchisees, which promote its exposure. This business opportunity requires a reasonable initial investment of £50,000. You could get a loan to help cover startup costs, in which case your personal investment will usually need to cover 30 to 50% of the total investment. Minuteman Press requires a minimum personal investment of £25,000. These low startup costs make this a good franchising option for first-time franchisees. Also, if you can't afford the startup costs on your own, you may qualify for financial assistance.
Another option to consider is The London Vape Company, a brand that first began operating in 2014. By joining its five franchises already in operation, you could contribute to this company's rapid expansion. Starting a London Vape Company business requires an initial investment of £60,000. If you plan on getting a loan to cover the startup costs, The London Vape Company 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. A small premises will also be required to operate this business. If eligible, you might be able to benefit from financial aid.
Finally, Zip Yard is another successful business operating in the Retail industry. If you can't afford the startup costs on your own, you may qualify for financial aid. See eligibility details on our website.
The Retail industry has many successful franchise businesses. We currently have 61 options available in this sector. But you also have plenty of investment possibilities in other sectors as well, including more than 232 franchising opportunities available on Point Franchise.
This page contains data collected from NOMIS and the ONS. This content was automatically generated by LabSense.