Page 2 - Retail Stores Franchise Opportunities Durham

What to know before starting a business in Durham

Are you considering opening a franchise? Durham, in North East England, could have a lot to offer. By becoming a franchisee, you could receive training and marketing support from an established brand while running your own business. Check out the brands currently recruiting in County Durham. Starting a business should be exciting! Have a look at our range of franchising options, starting with the sectors that you feel most passionate about.

The County Durham region has 527,000 residents. Residents aged over 60 years old make up the majority of the population. Unemployment affects 4% of the UK population. With a rate of 5.7%, unemployment in this area is slightly higher than the national average. The economically active population amounts to 244,900 people, making up 75.5% of the population. The local income averages ?27,594 per year, which is slightly lower than the just over ?30,500 average income in the UK as a whole.

Why open a franchise in the Retail industry?

There are 61 brands currently looking for franchisees in the Retail industry. If this sector appeals to you, check them out. With two Greeting Card franchises, three Craft franchises, three E Cigarette franchises, four Sweet Shop franchises and three Fashion franchises, this field has great potential for exciting business plans. See if there's a brand to suit your goals and interests.

Three franchise business examples

The Retail industry has many franchise opportunities available, such as Cash Generator, which has been in business since 1997. The brand has acquired valuable experience and expertise over the past 23 years. The brand has a well-established network and good exposure, operating in 700 franchise outlets. A total of ?240,000, a significant initial investment, is required to open a Cash Generator franchise. You might want to consider getting a loan to cover the startup costs, in which case at least ?80,000 of the total investment should come from your personal funds. Given these higher startup costs, this opportunity is less suitable for first-time franchisees.

Ecigwizard is another successful brand that has been operating in the Retail industry since 2011. By joining its network of 45 franchisees, you could contribute to this up-and-coming brand's success. This business requires an initial investment of ?60,000. If you intend to get 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 an Ecigwizard business is ?40,000. Due to the higher startup costs, this option is not recommended for first-time franchisees. When investing in this franchise, you could be eligible for financial assistance.

Lastly, The Original Poster Company is an interesting franchise option in the Retail industry. First launched in 1991, the company now has 29 years of experience, making it a leader in the sector. This brand is developing, counting 70 locations across the country. If you can't afford the startup costs on your own, you may qualify for financial aid. See our website for more information.

Many businesses are already operating in the Retail industry. We currently have 61 franchise options available in the sector. Point Franchise has close to 250 franchising opportunities across a wide variety of sectors. So if this sector isn't for you, there are still lots of investment options to explore.