Retail Franchise opportunities to start in Letchworth
Letchworth is an attractive town to invest in
If you'd like to open your own business but don't know where to start, a franchise might just be the solution. Letchworth, situated in the East of England, could be a good place to start as there are many brands currently recruiting franchisees in the North Hertfordshire area. If you already know which line of work you'd like to pursue, explore our franchise options in that sector. If not, have a look and see what other options catch your eye. We have businesses to suit many different interests and career objectives.
There are 133,000 people living in the North Hertfordshire area. The majority of the population sits within the 40-59 age category. Unemployment affects 4% of the UK population. With a rate of 3.7%, unemployment in this area is in line with the national average. The economically active population amounts to 68,400 people, representing 83.9% of the population. North Hertfordshire has an average annual income of £35,383, which is higher than the national average salary of close to £31,000.
Why start a franchise in the High Street Shops sector?
The High Street Shops sector currently offers 19 franchise opportunities. If this sector appeals to you, take a look at our options. In fact, the Retail sector as a whole offers a wide range of franchises to invest in, including three Toy Store franchises, two Greeting Card franchises, three E Cigarette franchises, 19 Retail franchises and three Fashion franchises. Check out our available brands to find a potential match. Retail is a well-established industry, providing work for 5,000 people in North Hertfordshire alone.
Have a look at these three business examples
If you're planning to invest in the High Street Shops sector, check out Veeno. There are eight outlets open so far, and the network is expanding. A total of £80,000 is required to start a Veeno franchise. You might want to consider getting a loan to cover the startup costs, in which case at least £35,000 of the total investment should come from your personal funds. It is thus less appropriate for new investors. A large premises will also be required to operate this business. You could also receive financial assistance, if eligible.
Another opportunity worth considering is Cash Converters. First opened in 1984, Cash Converters has gained many devoted customers over the past 36 years. The brand's network is made up of 200 franchisees, which enhance its visibility. 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 usually need to cover 30 to 50% of the total investment. Cash Converters requires a minimum personal investment of £39,000. The higher startup costs make this an opportunity best suited for most established franchisees with greater access to financial resources.
Lastly, Noa Noa is another interesting franchising opportunity if you plan to invest in the High Street Shops sector. The brand is expanding, with 90 locations currently in operation, and a desire to expand further. If you can't afford the startup costs on your own, you may be eligible for financial aid. Visit our website for details.
If you would like to work in the High Street Shops sector, the perfect investment opportunity could be waiting for you among our 19 available franchises in the sector. You will find a total of close to 250 franchise options on Point Franchise. So if you are still looking for the perfect business opportunity, there are still plenty of options for you to explore.
This page contains machine-generated content provided by LabSense, using data collected from NOMIS and the ONS.