Retail Franchise opportunities to start in Denton
Denton could be home to your new business
You could start your own business by becoming a franchisee in Denton. There are a number of franchise options to choose from in Huntingdonshire, located in the East of England. Check out our range of brands and start managing your own business with a team behind you. Start by looking for franchise options in the line of work you are most interested in. This will most likely lead you to a brand that sparks your curiosity.
The population of Huntingdonshire is made up of 177,000 people. Residents aged 40 to 59 years old are the most represented within the population. The local labour force includes 88,700 people, or 82.3% of the total population. With an unemployment rate of 3.7%, recent data indicates that employment in this area is in line with the rest of the United Kingdom. Residents in the area earn £32,122 per year on average. This income is slightly higher than the country's average gross income, which reaches close to £31,000.
The High Street Shops sector: An interesting opportunity for 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 sector. This is just one of the sectors you could choose within the Retail sector. There are also two Cosmetic franchises, three Toy Store franchises, 19 Retail franchises, four Sweet Shop franchises and two Music Shop franchises. Have a browse and find out if any are a good fit for you. If you're interested in the Retail industry, you may want to consider how many people already work in the industry. In Huntingdonshire, Retail businesses currently employ 6,000 people.
Three franchises that might interest you
If you are interested in starting a business in the High Street Shops sector, Schmidt could be an option for you. By joining its current 28 franchisees, you would become a part of a growing brand network. A substantial initial investment of £350,000 will enable you to open your own Schmidt business. In most cases, your personal investment should represent 30 to 50% of the total amount. Schmidt requires you to personally invest at least £80,000. You could potentially get a loan to cover the remaining costs. Due to the higher startup costs, this option is not recommended for first-time franchisees. A small premises will also be required to operate this business. You may qualify for financial assistance.
Post & Packing, open since 2012, is another interesting option. There are 11 locations open so far, and the network is expanding rapidly. This business requires an initial investment of £50,000. 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 Post & Packing business is £35,000. Given these higher startup costs, this is an opportunity best suited for most established franchisees with greater access to financial resources. An investment in this franchise entitles you to financial aid, if eligible.
Lastly, another interesting investment opportunity is Mail Boxes Etc. It is now firmly rooted in the market, counting 1,600 franchise outlets. You will need an initial investment of £60,000 to open your own Mail Boxes Etc. business. Your personal investment should account for at least £25,000 of the total amount. You may want to think about getting a loan to start a business in this sector. Given these low startup costs, this option could be suitable for first-time franchisees.
Eager to read more about business opportunities in the High Street Shops sector? Have a look at our 19 available options. But you also have plenty of investment possibilities in other sectors as well, including more than 232 franchising opportunities available on Point Franchise.
Data on this page was collected from NOMIS and the ONS. This content was machine-generated in partnership with LabSense.
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