Retail Franchise opportunities to start in Hinckley
Starting a new business in Hinckley
If you want to open your own business, you may find that Hinckley has a lot to offer. Several brands are currently recruiting franchisees in the Hinckley and Bosworth area. Keep reading to see if running a franchise could be a good option for you! We offer franchise investment opportunities in a variety of sectors. Why not check out the sector that appeals to you the most?
There are 112,000 people living in the Hinckley and Bosworth area. The majority of residents are aged 40 to 59 years old. The community has a 3.7% unemployment rate, which is in line with the UK average of 4%. There are 60,800 economically active people in the region, representing 91.0% of the total population. For the Hinckley and Bosworth area, the average salary is £27,471, which is slightly lower than the national average income of close to £31,000.
Why High Street Shops businesses appeal to franchisees
If the idea of running a business in the High Street Shops sector appeals to you, take a look at the 19 brands currently recruiting franchisees in the field. In fact, the Retail sector as a whole offers a wide range of franchises to invest in, including four Printing franchises, three E Cigarette franchises, three Toy Store franchises, three Craft franchises and four Sweet Shop franchises. Have a look at our available brands to find a potential match. Many businesses in Hinckley and Bosworth already operate in the Retail industry, which employs 3,500 people. You would become a part of a well-established business community.
Three brands worth your attention
If you would like to invest in the High Street Shops sector, Promedica24 could be a good option. There are 100 outlets open so far, and the network is expanding. Starting a Promedica24 franchise will require you to invest a minimum of £40,000. At least £1,000 of this should come from your own personal investment. Given these low startup costs, this option could be suitable for first-time franchisees. If you can't cover the startup costs on your own, you could find out if you qualify for financial assistance.
Veeno is another interesting option. The brand is developing, with eight locations currently in operation, and a desire to expand further. This business requires an initial investment of £80,000. 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 a Veeno business is £35,000. It is thus less appropriate for new investors. You will also need to invest in a large premises to operate this business.
As a final example, take a look at CAVAVIN. The brand's network is significant, counting 160 outlets across the country. You will need an initial investment of £100,000 to start your own CAVAVIN business. Your personal investment should account for at least £40,000 of the total amount. You may want to think about getting a loan to start a business in this sector. Due to the higher startup costs, this option is not recommended for first-time franchisees. You will also need to invest in a large premises to operate this business. An investment in this franchise entitles you to financial aid, if eligible. See our website for more information.
The High Street Shops sector offers many interesting franchising opportunities, including our 19 franchise options. If you're still torn between different sectors, no problem! Point Franchise offers close to 250 franchising opportunities across many different sectors. Enjoy exploring your options.
NOMIS and the ONS provided the data shown on this page. This text was automatically generated by LabSense.