Estate Agent & Property Franchise opportunities to start in Cheshunt
Why should you invest in Cheshunt?
Would you like to run your own business? Cheshunt, located in the East of England, could be a good place to start. There are many businesses currently recruiting franchisees in the Broxbourne area. Franchising gives you the opportunity to manage your own business while benefitting from the support of an established brand. 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.
Broxbourne has an estimated population of 97,000 people. The most prevalent age group in the population falls in the 40-59 age bracket. The local labour force consists of 50,400 people, or 79.5% of the total population. With an unemployment rate of 5.2%, recent data shows that employment in this area is slightly higher than in the rest of the United Kingdom. The average annual salary across the UK is close to £31,000. With a gross income averaging £34,070, residents of Broxbourne have a higher salary than the national average.
Why the Estate Agent & Property sector might be a good option for you
Across the UK, there are 14 franchises operating in the Estate Agent & Property sector. The Estate Agent & Property sector is just one example of a sector you could invest in. Could your ideal business be among our seven Online Estate Agent franchises and one Mortgage franchise available in the Estate Agency & Property sector? Have a browse to find out.
Read about these three brands to see what franchise options exist
If you're planning to invest in the Estate Agent & Property sector, have a look at Nicholas Humphreys Estate Agent, a brand that opened in 1999. The company is now mature and a leader within the sector, having developed its franchise community for 21 years. This brand is growing, counting 28 outlets in the United Kingdom. To start your own Nicholas Humphreys Estate Agent franchise, you will need to invest £31,200, of which at least £15,000 should be your own personal investment. You could apply for a loan to help cover the remaining startup costs. Given these low startup costs, this opportunity is suitable for both first-time investors and established franchisees. Financial assistance can be provided in some circumstances.
Century 21 is another interesting franchising opportunity if you plan to invest in the Estate Agent & Property sector. Franchisees benefit from this brand's wide network, which operates across 8,000 franchise locations. To start your business, you will need an initial investment of £100,000. 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 generally be required. For Century 21, the minimum personal investment is £60,000. Due to the higher startup costs, this option is not advisable for first-time franchisees. If you can't cover the startup costs on your own, you may be eligible for financial aid. Visit our website for more information.
Lastly, you could also consider Belvoir, which has been in business since 1998. Belvoir has proved itself to be a successful business and leader in the sector in its 22 years since opening. The brand's network is made up of 195 franchisees, which enhance its exposure. This business opportunity requires a substantial initial investment of £150,000. 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. Belvoir asks for a minimum personal investment of £45,000. Due to the higher startup costs, this option is not recommended for first-time franchisees.
If working in the Estate Agent & Property sector appeals to you, take a look at our 14 available franchising opportunities in the sector. At Point Franchise, we are proud to offer 236 franchise options across many sectors, helping you find the perfect business opportunities for you.
Data on this page was collected from NOMIS and the ONS. This content was machine-generated in partnership with LabSense.