Page 2 - Retail Stores Franchise Opportunities Nottingham

Investing in a franchise in Nottingham

Franchising is a great way to start your own business, while benefitting from the comprehensive support of an established brand. Have a look at our selection of brands in Nottingham, located in the Nottingham area in the East Midlands, where many companies are currently recruiting. Check out our various franchising options to discover the sectors and brands that most appeal to you.

There are approximately 331,000 people currently living in Nottingham. The majority of residents are aged 20 to 39 years old. The community has a 8% unemployment rate, which is slightly higher than the national average of 4%. There are 155,900 economically active people in the area, representing 69.5% of the total population. For the Nottingham area, the average salary is ?24,333, which is lower than the UK average income of ?30,629.

The Retail industry could be the right choice for you

If you want to run 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 Tool franchises, four Sweet Shop franchises, three E Cigarette franchises, two Music Shop franchises and two Greeting Card franchises today. It may interest you to know that businesses in the Nottingham area currently employ 25,000 people in the Retail industry.

Here are three examples of franchise businesses

Tubz Vending operates in the Retail industry. The brand's network is significant, counting 300 locations across the country. Initially, you would need to invest ?3,295 to get your own Tubz Vending business up and running. Given these low startup costs, this option could be suitable for first-time franchisees. You will also need to invest in a large premises to operate this business. If you decide to invest in this franchise, financial assistance is available, providing you meet the eligibility criteria.

Another option to consider is Snap-on. To start your business, you will need an initial investment of ?110,143. If you plan on getting 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 Snap-on, the minimum personal investment is ?24,143. Given these low startup costs, this option could be suitable for first-time franchisees.

Lastly, you could also consider Ecigwizard, which has been operating since 2011. There are 45 outlet open so far, and the network is expanding rapidly. This business opportunity requires an initial investment of ?60,000. You could get a loan to help cover startup costs, in which case your personal investment will typically need to cover 30 to 50% of the total investment. Ecigwizard asks for a minimum personal investment of ?40,000. Given these higher startup costs, this opportunity is less suitable for first-time franchisees. If eligible, you might be able to benefit from financial aid. See our website for details.

The Retail industry currently offers 61 new business investment opportunities. You will find a total of close to 250 franchise opportunities here on Point Franchise. So if you haven't settled on one sector yet, take your time and explore all the options.