Retail Franchise opportunities to start in Harlow
What to consider when opening a franchise in Harlow
Harlow, located in the East of England, offers a number of new business investment options, especially if you like working for yourself but not on your own. Learn more about our franchising opportunities here. You might just find the right brand for starting your own business in the Harlow area. We offer a variety of realistic new business investment possibilities, so that you can find one you like.
There are approximately 87,000 people currently living in Harlow. The most prevalent age group in the population falls in the 20-39 age bracket. The local unemployment rate of 6.9% is high compared to the national average of 4%. The local labour force consists of 40,200 people, making up 76.5% of the population. Residents in the area earn £27,351 per year on average. This income is slightly lower than the country's average gross salary, which reaches close to £31,000.
Could the High Street Shops sector be the right choice for you?
There are 19 brands offering franchise options in the High Street Shops sector. The High Street Shops sector is part of the Retail industry which offers a wide selection of interesting options. These include four Tool franchises, two Cosmetic franchises, four Printing franchises, three Fashion franchises and two Music Shop franchises. See if any catch your eye. In the Harlow area, the Retail industry provides employment for 4,000 people.
Read about these three brands to see what franchise options exist
The High Street Shops sector has many franchise opportunities available, such as Nicholas Humphreys Estate Agent, which has been in business since 1999. The company now has 21 years of experience, making it a leader in the sector. This brand is expanding, counting 28 locations in the United Kingdom. To start your business, you will need an initial investment of £31,200. If you intend to get 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 Nicholas Humphreys Estate Agent, the minimum personal investment is £15,000. Given these low startup costs, this opportunity is suitable for both first-time investors and established franchisees. If you can't cover the startup costs on your own, you could see if you qualify for financial assistance.
Another option worth considering is Ecigwizard, a brand that was first established in 2011. By joining its 45 franchises already in operation, you could contribute to this company's rapid expansion. Starting an Ecigwizard business requires an initial investment of £60,000. At least £40,000 should come from your own personal investment. Given these higher startup costs, this is an opportunity best suited for most established franchisees with greater access to financial resources. If eligible, you might be entitled to financial aid. See our website for details.
As a final example, check out Apollo Blinds. In business since 1972, Apollo Blinds now has 48 years of experience in the field, making it a strong leader. By joining its current 50 franchisees, you would become a part of a growing brand network. To start your own Apollo Blinds business, you will need an initial investment of £20,000. These low startup costs make this a good franchising option for first-time franchisees.
If working in the High Street Shops sector appeals to you, take a look at our 19 available franchising options in the sector. At Point Franchise, we are proud to offer 236 franchise options across many sectors, helping you find the perfect business opportunities for you.
NOMIS and the ONS provided the data shown on this page. This text was automatically generated by LabSense.