Page 2 - Retail Stores Franchise Opportunities Birmingham

What to consider when opening a franchise in Birmingham

Would you like to run your own business? Birmingham, located in the West Midlands, could be a good place to start. There are many businesses currently recruiting franchisees in the Birmingham area. Franchising gives you the opportunity to run your own business while benefitting from the support of an established brand. We offer a number of franchises to suit various budgets and career objectives. Take a look at our range of brands and sectors to see what might suit you.

According to recent census data, there are 1,141,000 people in Birmingham. Residents aged 20 to 39 years old make up the majority of the population. The local unemployment rate of 8.8% is high compared to the national average of 4%. The local labour force consists of 522,400 people, making up 71.6% of the population. For the Birmingham area, the average income is ?26,786, which is slightly lower than the UK average salary of close to ?31,000.

The Retail industry could be the right choice for you

If you want to manage 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 four Sweet Shop franchises, three E Cigarette franchises, three Craft franchises, four Tool franchises and two Music Shop franchises today. If you are thinking about starting a business in Retail, Birmingham could be a good place to do it. Indeed, 45,000 people have already made the decision to work in this sector in the Birmingham area.

Three franchise business examples worth looking at

Initially established in 2011, Ecigwizard is a competitive business operating in the Retail industry. By joining its current 45 franchisees, you would be joining a fast growing brand network. A total of ?60,000 is required to open an Ecigwizard franchise. You might want to consider getting a loan to cover the startup costs, in which case at least ?40,000 of the total investment should come from your personal funds. It is thus less appropriate for new investors. By investing in this established brand, you could qualify for financial assistance.

Mac Tools, open since 2011, is another interesting option. The brand has a well-established network and good visibility, operating in 170 franchise locations. This business requires an affordable initial investment of ?50,000. If you plan on getting a loan to cover startup costs, you should anticipate adding a personal investment of 30 to 50% of the total investment as a general rule. The minimal personal investment to start a Mac Tools business is ?5,000. 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. Also, if you can't afford the startup costs alone, you may be able to benefit from financial aid.

Lastly, another interesting franchise option is The London Vape Company, which launched in 2014. The brand is developing quickly, with five outlets currently in operation, and a desire to expand further. In order to open a London Vape Company business, an initial investment of ?60,000 is required. If you plan on getting a loan to cover the startup costs, you will generally need to cover 30 to 50% of the total investment yourself. The London Vape Company asks for a personal investment of at least ?30,000. The higher startup costs make this an opportunity best suited for most established franchisees with greater access to financial resources.

Eager to read more about business opportunities in the Retail industry? Explore our 61 available options. At Point Franchise, we have 236 new business investment opportunities available, giving you plenty to choose from in other sectors too.