Retail & Stores Franchise opportunities to start in Norwich
Norwich could be home to your new business
The Norwich area offers many interesting business opportunities. If you are interested in running your own business, you should consider franchising. This would allow you to work for yourself while receiving the support of an established brand. Have a look on this page to discover the franchise options available to you in Norwich. To begin, look for the line of work that appeals to you the most. This is a quick way to find the brand best suited to you.
According to recent census data, there are 141,000 people living in Norwich. The majority of the population falls within the 20-39 age range. The community has a 7.6% unemployment rate, which is slightly higher than the UK average of 4%. There are 73,400 economically active people in the region, representing 78.3% of the total population. The average annual salary across the UK is £30,629. With a gross income averaging £26,353, residents of Norwich have a slightly lower salary than the national average.
Why the Retail industry appeals to franchisees
Are you interested in the Retail industry? You're likely to find a franchise worth considering among 61 brands across the country. Available franchises include four Tool franchises, three Toy Store franchises, three E Cigarette franchises, two Greeting Card franchises and four Printing franchises. The perfect business to suit your career goals and aspirations might just be among them.
Have a look at three franchise business examples
If you'd like to open your own Retail business, Signorini TARTUFI might be a great option for you. By joining its current 31 franchisees, you would be joining a growing brand network. A total of £90,000, a significant initial investment, is required to start a Signorini TARTUFI franchise. You might want to consider getting a loan to cover the startup costs, in which case at least £30,000 of the total investment should come from your personal funds. 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. You could also benefit from financial assistance, if eligible.
Cash Converters, open since 1984, is another interesting option. By joining its network of 200 franchisees, you would become a part of a well-established business community. The brand has grown a devoted following over the past 36 years. You will need to invest £100,000 to start your own Cash Converters business. At least £39,000 of this substantial amount should come from your own personal investment. It is thus less appropriate for new investors.
Finally, Zip Yard is another successful brand operating in the Retail industry. If you can't afford the startup costs on your own, you could see if you qualify for financial aid. Visit our website for details.
There are 61 franchises waiting to be discovered in the Retail industry. At Point Franchise, we have close to 250 new business investment opportunities available, giving you plenty to choose from in other sectors as well.
This page contains machine-generated content provided by LabSense, using data collected from NOMIS and the ONS.