Retail & Stores Franchise opportunities to start in Reading
Reading could be home to your new business
If you're considering running your own business in Reading, located in South East England, you should look at franchising options. Several brands are currently recruiting in the Reading area. As a franchisee you could manage your own business while benefitting from comprehensive support. Keep reading to find out if this could be for you. Start by looking for franchise opportunities in the line of work you are most interested in. This will most likely help you find a brand that sparks your curiosity.
There are 163,000 people living in the Reading region. When broken down by age group, the majority of the population falls within the 20-39 category. The economically active population in Reading amounts to 90,700 people, with an unemployment rate of 3%. This rate is lower than the national average. Residents in the area earn £32,730 per year on average. This income is slightly higher than the national average gross salary, which reaches close to £31,000.
Why the Retail industry might be a good option for you
In the UK, there are 61 franchises recruiting in the Retail industry. With three E Cigarette franchises, three Craft franchises, three Fashion franchises, two Greeting Card franchises and two Cosmetic franchises, this field has great potential for exciting investment opportunities. See if there's a brand to suit your goals and interests.
Three franchise businesses worth reading about
Tubz Vending is an interesting franchise operating in the Retail industry. The brand's network is made up of 300 franchisees, which increase its visibility. An initial investment of £3,295 will allow you to start your own Tubz Vending business. These relatively low startup costs make it a good option to pursue for first-time franchisees. A small premises will also be required to operate this business. By investing in this established brand, you could be eligible for financial aid.
Another option worth considering is Cash Generator. First launched in 1997, Cash Generator has acquired valuable experience in the sector in its 23 years since first opening. The brand's network is significant, counting 700 locations across the country. Opening a Cash Generator business requires a substantial initial investment of £240,000. If you plan on getting a loan to cover the startup costs, Cash Generator asks for a personal investment of at least £80,000. For most franchises, this amount represents 30 to 50% of the total investment. Due to the higher startup costs, this option is not advisable for first-time franchisees.
Lastly, another option worth considering is Noa Noa. By joining its network of 90 franchisees, you could contribute to this brand's success. By investing in this franchise, you may be eligible for financial support. See our website for more information.
The Retail industry has many successful franchise businesses. We currently have 61 options available in this sector. If you're still torn between different sectors, no problem! Point Franchise offers close to 250 franchising opportunities across many different sectors. Enjoy exploring your options.
This page contains machine-generated content provided by LabSense, using data collected from NOMIS and the ONS.