Retail Franchise opportunities to start in Hoddesdon
Is Hoddesdon a good place to be a franchisee?
If you want to open a business in Hoddesdon, working for yourself but not on your own, then check out our franchising options in the East of England. On this page, you will find a range of brands to choose from for becoming a franchisee in the Broxbourne area and across the United Kingdom. By browsing the sectors that appeal to you the most, you will find the franchises that best suit your interests and career goals.
There are an estimated 97,000 people living in the Broxbourne area. The 40-59 age group is the most represented within the population. Unemployment in the area (5.2%) is high compared to the UK as a whole (4%). The labour force represents 79.5% of the local population, or 50,400 people. The average gross income in the United Kingdom is £30,629. Residents of Broxbourne earn £34,070 a year on average.
Business opportunities in the High Street Shops sector
Across the UK, there are 19 franchises in the High Street Shops sector. The High Street Shops sector is just one example of a sector you could invest in. Could your ideal business be among our four Printing franchises, 19 Retail franchises, four Tool franchises, three Fashion franchises and three E Cigarette franchises available in the Retail industry? Have a look to find out. If you're interested in the Retail industry, you may want to consider how many people already work in the industry. In Broxbourne, Retail companies currently employ 4,000 people.
Here are three examples of franchise businesses
Post & Packing is a competitive franchise that has been operating in the High Street Shops sector since 2012. By joining its 11 franchises already in operation, you could contribute to this brand's rapid expansion. Starting a Post & Packing franchise will require you to invest a minimum of £50,000. At least £35,000 of this should come from your own personal investment. Due to the higher startup costs, this option is not advisable for first-time franchisees. By investing in this franchise, you may qualify for financial support.
Another interesting investment opportunity is Cash Converters, which opened in 1984. Cash Converters has been running for 36 years and has acquired many loyal customers as a result. By joining its network of 200 franchisees, you would become a part of a strong business community. You will need to invest £100,000 to start your own Cash Converters business. At least £39,000 of this substantial amount should come from your own personal investment. Due to the higher startup costs, this option is not recommended for first-time franchisees.
As a final example, have a look at Veeno. There are eight outlets open so far, and the network is expanding. This business requires an initial investment of £80,000. If you plan on getting 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. Due to the higher startup costs, this option is not advisable for first-time franchisees. You will also need to invest in a large premises to operate this business. If you can't afford the startup costs on your own, you may qualify for financial aid. See our website for more information.
The High Street Shops sector offers many interesting investment opportunities, including our 19 franchise options. Don't forget that we offer new business investment selections across many different sectors on Point Franchise. If you're still looking for the perfect match, just explore our option of 236 franchising possibilities.
This page contains data collected from NOMIS and the ONS. This content was automatically generated by LabSense.
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