Retail Franchise opportunities to start in Cambridge
Cambridge could be home to your new business
Discover the business opportunities waiting for you in Cambridge, situated in the East of England. On this page you'll find a range of brands that could make you a franchisee in the Cambridge area. Becoming a franchisee would allow you to manage your own business and benefit from comprehensive support. If you already know which line of work you'd like to pursue, check out our franchise options in that sector. If not, look around and see what other options catch your eye. We have brands to suit many different interests and career objectives.
The Cambridge area has a population of 126,000 residents. The majority of the population falls within the 20-39 age range. Approximately 69,400 people are economically active in the community, representing 81.8% of the population. The unemployment rate (1.4%) is very low compared to the national average (4%). The local income averages £33,225 per year, which is higher than the just over £30,500 average income in the United Kingdom as a whole.
Does the High Street Shops sector appeal to you?
If you wish to run a High Street Shops franchise, you are likely to find one that interests you among 19 available across the United Kingdom. The High Street Shops sector is part of the Retail industry, which also offers 19 Retail franchises, four Tool franchises, three E Cigarette franchises, three Toy Store franchises and two Music Shop franchises. The right business to suit your career goals and aspirations might just be among them. If you are thinking about joining the Retail industry, you may be interested to know that 8,000 people have already made the decision to work in this industry in the Cambridge area.
Want to know more? Read about these three brands
If you plan to invest in the High Street Shops sector, Granite & TREND Transformations could be a good option. An initial investment of £67,500 will enable you to start your own Granite & TREND Transformations business. In most cases, your personal investment should represent 30 to 50% of the total amount. Granite & TREND Transformations requires you to personally invest at least £30,000. You could potentially apply for a loan to cover the remaining costs. Given these higher startup costs, this is an opportunity best suited for most established franchisees with greater access to financial resources.
Another brand worth considering is Cash Converters. First launched in 1984, Cash Converters is a recognized leader in the field, with 36 years of experience under its belt the brand benefits from a well-established network and good visibility, running in 200 franchise outlets. In order to open a Cash Converters business, a substantial initial investment of £100,000 is required. If you plan on getting a loan to cover the startup costs, you will usually need to cover 30 to 50% of the total investment yourself. Cash Converters requires a personal investment of at least £39,000. The higher startup costs make this an opportunity best suited for most established franchisees with greater access to financial resources.
Lastly, you could also consider Veeno. The brand is developing, with eight locations currently in operation, and a desire to expand further. Starting a Veeno franchise will require you to invest a minimum of £80,000. At least £35,000 of this 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. A large premises will also be required to operate this business. By investing in this franchise, you may be eligible for financial assistance. See our website for more information.
Opening a franchise in the High Street Shops sector has great potential. If you're interested, explore our 19 available options. With almost 250 new business investment opportunities to choose from across various sectors, you have a good chance of finding a brand that meets your needs on Point Franchise.
This page contains machine-generated content provided by LabSense, using data collected from NOMIS and the ONS.
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