Retail Franchise opportunities to start in Guildford
Guildford could be home to your new business
Franchising is a great way to start your own business, while benefitting from the comprehensive support of an established brand. Check out our range of brands in Guildford, located in the Cornwall area in the South West, where many businesses are currently recruiting. Why not have a browse through our selection of franchising options? There are opportunities to suit many needs and business goals.
Recent figures show that 566,000 people live in Cornwall. Residents aged over 60 years old have the highest concentration within the population. The local labour force consists of 261,600 people, or 80.0% of the total population. With an unemployment rate of 3.3%, recent data shows that employment in this area is lower than in the rest of the United Kingdom. In the UK, the average gross income is close to £31,000; in the Cornwall area, it is £23,266.
Why open a franchise in the High Street Shops sector?
If you're interested in becoming a franchisee in the High Street Shops sector, have a look at our 19 franchise opportunities currently available in the sector. You will find many business opportunities in the Retail industry, including those in the High Street Shops sector. Other possibilities include three E Cigarette franchises, 19 Retail franchises, three Fashion franchises, three Toy Store franchises and two Greeting Card franchises. There might be one worth considering among them. If you want to operate a business in the Retail industry, it could be useful to know that companies in the industry currently employ 25,000 people in the Cornwall area.
Want to know more? Read about these three brands
If you plan to invest in a High Street Shops business, you could consider BoConcept. First established in 1993, BoConcept has gained valuable experience in the field in its 27 years since first opening. By joining its network of 250 franchisees, you would become a part of a strong business community. This business requires a substantial initial investment of £500,000. 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 BoConcept business is £100,000. The higher startup costs make this an opportunity best suited for most established franchisees with greater access to financial resources.
Granite & TREND Transformations is another interesting investment opportunity if you plan to invest in the High Street Shops sector. A total of £67,500 is required to open a Granite & TREND Transformations franchise. You might want to consider getting a loan to cover the startup costs, in which case at least £30,000 of the total investment should come from your personal funds. It is thus less appropriate for new investors.
Lastly, if the High Street Shops sector appeals to you, Schmidt is another option you could consider. By joining its current 28 franchisees, you would become a part of a growing brand network. To start your business, you will need an initial investment of £350,000. 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 typically be required. For Schmidt, the minimum personal investment is £80,000. Due to the higher startup costs, this option is not advisable for first-time franchisees. You will also need to invest in a small premises to operate this business. When investing in this franchise, you could qualify for financial assistance. See eligibility details on our website.
If you are interested in the High Street Shops sector and would like to learn more about its available franchising options, look into the 19 businesses currently recruiting franchisees in the sector. Don't forget that we offer new business investment selections across a variety of sectors on Point Franchise. If you're still looking for the perfect match, just explore our option of 236 franchising possibilities.
Data on this page was provided by NOMIS and the ONS. This content was machine-generated in partnership with LabSense.
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