Retail Franchise opportunities to start in Wokingham
What to know before starting a franchise in Wokingham
You could open your own business by becoming a franchisee in Wokingham. Wokingham, located in South East England, offers a variety of new business investment possibilities. On this page, you'll find a range of companies looking for franchisees. We offer a number of realistic new business investment opportunities, so that you can find one you like.
According to recent census data, there are 168,000 people living in Wokingham. When broken down by age group, the majority of the population falls within the 40-59 category. The local unemployment rate of 1.9% is very low compared to the national average of 4%. The local labour force consists of 83,400 people, making up 82.7% of the population. The gross annual income in Wokingham amounts to £39,411, which is significantly higher than the national average of close to £31,000.
Why choose to open a franchise in the High Street Shops sector?
If you're considering becoming a franchisee in the High Street Shops sector, have a look at our 19 franchise options currently available in the sector. The High Street Shops sector is part of the Retail industry which offers a wide selection of interesting options. These include four Printing franchises, four Sweet Shop franchises, two Cosmetic franchises, 19 Retail franchises and three E Cigarette franchises. See if any catch your eye. Interesting fact: companies in Retail employ 5,000 people in the Wokingham area. This could be your opportunity to start a successful business of your own!
Take a look at these three business examples
Apollo Blinds is a competitive franchise that has been operating in the High Street Shops sector since 1972. Apollo Blinds has acquired many devoted customers over the past 48 years. By joining its 50 franchises already in operation, you could contribute to this brand's expansion. To start your own Apollo Blinds business, you will need an initial investment of £20,000. Given these low startup costs, this opportunity is suitable for both first-time investors and established franchisees.
Another option to consider is Veeno. This brand is expanding, counting eight outlets across the UK. An initial investment of £80,000 will enable you to start your own Veeno business. In most cases, your personal investment should represent 30 to 50% of the total amount. Veeno requires you to personally invest at least £35,000. You could potentially apply for a loan to cover the remaining costs. Due to the higher startup costs, this option is not recommended for first-time franchisees. You will also need to invest in a large premises to operate this business. You could also benefit from financial assistance, if eligible.
Finally, Mail Boxes Etc. Is another successful brand operating in the High Street Shops sector. It is now firmly rooted in the market, counting 1,600 franchise locations. 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 Mail Boxes Etc., the minimum personal investment is £25,000. Whether you're an established franchisee or a first-time investor, the low startup costs mean that this could be a good option for you. Eligible candidates may apply for financial aid. See our website for details.
Eager to read more about business opportunities in the High Street Shops sector? Check out our 19 available options. Point Franchise currently has a total of close to 250 brands recruiting franchisees across a range of sectors. Have a look to see which other sectors you might want to invest in.
This page contains machine-generated content provided by LabSense, using data collected from NOMIS and the ONS.