Retail Franchise opportunities to start in Hereford
What to know before starting a business in Hereford
Would you like to open a business in Hereford, located in the West Midlands? Would you like to work for yourself but not on your own? If so, check out our franchising opportunities. On this page, you'll find several companies offering the training and support you need to run your own business in the Herefordshire area. Deciding which sector you'd like to work in will lead you to the brands that best suit your needs and business objectives.
Recent figures show that 192,000 people live in Herefordshire. When broken down by age group, the 60+ age range is the most prevalent in the population. The 2.5% unemployment rate among the 93,100 economically active people in the area is significantly lower than the national average. The average annual income across the United Kingdom is close to £31,000. With a gross salary averaging £25,778, residents of Herefordshire have a slightly lower salary than the national average.
Does the High Street Shops sector appeal to you?
There are 19 franchises in the High Street Shops sector to choose from. The High Street Shops sector is just one sector among many in the Retail sector. Its 19 Retail franchises, two Music Shop franchises, three Fashion franchises, four Sweet Shop franchises and three Craft franchises are also worth considering. Let our selection of brands be your guide to starting your next exciting franchising opportunity. In the Herefordshire area, the Retail industry provides work for 8,000 people.
Have a look at these three business examples
If you're planning to invest in the High Street Shops sector, take a look at Ecigwizard, a brand that launched in 2011. There are 45 locations open so far, and the network is expanding quickly. You will need an initial investment of £60,000 to start your own Ecigwizard business. Your personal investment should account for at least £40,000 of the total amount. You may want to consider getting a loan to open a business in this sector. Due to the higher startup costs, this option is not advisable for first-time franchisees. Financial support is available for eligible franchisees.
Another option worth considering is Card Group. First launched in 1997, the brand has gained valuable experience and expertise over the past 23 years. With a significant network of 1,500 outlets, the brand knows how to support its franchisees. Opening a Card Group business requires an initial investment of £60,000. At least £40,000 should come from your own personal investment. Due to the higher startup costs, this option is not recommended for first-time franchisees. You could also benefit from financial aid, if eligible.
Finally, CAVAVIN could be another good option for you to invest in. The brand operates in 160 franchise locations which make up a strong business network. This business opportunity requires a substantial initial investment of £100,000. You could get a loan to help cover startup costs, in which case your personal investment will generally need to cover 30 to 50% of the total investment. CAVAVIN requires a minimum personal investment of £40,000. Due to the higher startup costs, this option is not advisable for first-time franchisees.
The High Street Shops sector offers 19 franchising opportunities. If you're interested in exploring franchising options in other sectors, Point Franchise has close to 250 brands to pick from.
Data on this page was collected from NOMIS and the ONS. This content was machine-generated in partnership with LabSense.