Retail Franchise opportunities to start in Horndean
Horndean could be home to your new business
If you'd like to open your own business but don't know where to start, a franchise might just be the answer. Horndean, situated in Scotland, could be a good place to start as there are many businesses currently recruiting franchisees in the Scottish Borders area. Check out our different franchising opportunities to discover the sectors and brands that most appeal to you.
Scottish Borders has an estimated population of 115,000 people. The 60+ age range has the highest concentration within the population. The 3.2% unemployment rate among the 53,300 economically active people in the area is lower than the national average. Salaries in Scottish Borders average £26,777 a year, while in the United Kingdom the average income is close to £31,000.
Running a franchise in the High Street Shops sector
There are 19 brands currently recruiting franchisees in the High Street Shops sector. If this sector appeals to you, check them out. Could a starting business in the High Street Shops sector, or in the Retail sector more widely, help you reach your career goals and aspirations? Take a look at the two Music Shop franchises, 19 Retail franchises, four Sweet Shop franchises, three Fashion franchises and three Craft franchises recruiting at this time. Retail is a well-established industry, providing work for 4,500 people in Scottish Borders alone.
Three brands worth your attention
Initially established in 1984, Cash Converters is a competitive brand operating in the High Street Shops sector. Cash Converters, now a leader in the field, has gained 36 years of experience since first opening. The brand operates in 200 franchise locations which make up a strong business community. Starting a Cash Converters business requires a substantial initial investment of £100,000. If you plan on getting a loan to cover the startup costs, Cash Converters asks for a personal investment of at least £39,000. For most franchises, this amount represents 30 to 50% of the total investment. Due to the higher startup costs, this option is not recommended for first-time franchisees.
Another option to consider is CAVAVIN. The brand's network is vast, counting 160 outlets across the UK. In order to start a CAVAVIN business, a substantial initial investment of £100,000 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. CAVAVIN asks for a personal investment of at least £40,000. Due to the higher startup costs, this option is not advisable for first-time franchisees. You will also need to invest in a large premises to operate this business. If you can't afford the startup costs on your own, you may be eligible for financial aid.
Lastly, have a look at Promedica24, another interesting High Street Shops franchise. By joining its 100 franchises already in operation, you could contribute to this company's expansion. A total of £40,000, an affordable initial investment, is required to open a Promedica24 franchise. You might want to consider getting a loan to cover the startup costs, in which case at least £1,000 of the total investment should come from your personal funds. These relatively low startup costs make it a good option to pursue for first-time franchisees. If you can't cover the startup costs on your own, you could see if you qualify for financial assistance. Visit our website for details.
If you would like to have a look at more franchising options in the High Street Shops sector, we currently have 19 available opportunities. If you're curious about franchising options in other sectors, Point Franchise has almost 250 brands to choose from.
NOMIS and the ONS provided the data shown on this page. This text was automatically generated by LabSense.