Retail Franchise opportunities to start in Stevenage
Is Stevenage a good place to be a franchisee?
Stevenage, located in the East of England, offers a number of new business investment opportunities, especially if you like working for yourself but not on your own. Learn more about our franchising possibilities here. You might just find the right brand for starting your own business in the Stevenage area. We offer a range of realistic new business investment options, so that you can find one you like.
There are approximately 88,000 people currently living in Stevenage. The majority of the population sits within the 20-39 age range. Unemployment affects 4% of the UK population. With a rate of 3%, unemployment in this area is lower than the national average. The economically active population amounts to 46,300 people, representing 83.1% of the population. The UK's annual average income is close to £31,000. Salaries in Stevenage are slightly lower in comparison, averaging £28,369 a year.
Have you considered the High Street Shops sector?
The High Street Shops sector currently offers 19 franchise opportunities. If this sector appeals to you, have a look at our options. Multiple brands offer franchise options in other sectors within the Retail sector. For instance, there are two Greeting Card franchises, four Tool franchises, 19 Retail franchises, three Toy Store franchises and three E Cigarette franchises. You'll find options to suit all kinds of career objectives and aspirations. In the Stevenage area, the Retail industry provides employment for 4,500 people.
Three franchise businesses worth reading about
Noa Noa operates in the High Street Shops sector. There are 90 locations open so far, and the network is expanding.
Schmidt is another competitive brand operating in the High Street Shops sector. 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 generally be required. For Schmidt, the minimum personal investment is £80,000. Given these higher startup costs, this opportunity is less suitable for first-time franchisees. A small premises will also be required to operate this business. By investing in this franchise, you may qualify for financial assistance. Visit our website for details.
Lastly, another interesting investment opportunity is Cash Generator, which launched in 1997. The company is now mature and a leader within the sector, having expanded its franchise community for 23 years. The brand runs in 700 franchise locations which make up a strong business network. This business requires a substantial initial investment of £240,000. 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 Cash Generator business is £80,000. The higher startup costs make this an opportunity best suited for most established franchisees with greater access to financial resources.
The High Street Shops sector offers 19 franchising options. Point Franchise has 236 franchising opportunities across a wide variety of sectors. So if this sector isn't for you, there are still lots of investment options to explore.
Data on this page was provided by NOMIS and the ONS. This content was machine-generated in partnership with LabSense.