Retail Franchise opportunities to start in Bishop's Stortford
Bishop's Stortford is an attractive town to invest in
You could start your own business by becoming a franchisee in Bishop's Stortford. There are a number of possibilities to choose from in East Hertfordshire, located in the East of England. Check out our range of brands and start running your own business with a team behind you. Browse our extensive possibilities in order to find the right franchise for you, and you'll be one step closer to opening your own business.
According to recent census data, 148,000 people live in East Hertfordshire. Residents aged 40 to 59 years old make up the majority of the population. Unemployment in the area (1.9%) is very low compared to the United Kingdom as a whole (4%). The labour force represents 77.1% of the local population, or 70,700 people. The area's average gross annual income of £48,836 is significantly higher than the average income of £30,629 across the UK.
The High Street Shops sector could be the right choice for you
Across the UK, there are currently 19 opportunities to run your own franchise in the High Street Shops sector. The High Street Shops sector is a part of the Retail sector. Other brands recruiting in this industry include two Music Shop franchises, 19 Retail franchises, four Sweet Shop franchises, two Greeting Card franchises and three Fashion franchises. Among these franchising options, there will likely be one that fits your career goals and aspirations. If you are thinking about joining the Retail industry, you may be interested to know that 5,000 people have already made the decision to work in this field in the East Hertfordshire area.
Three examples of available franchise business opportunities
If you would like to invest in a High Street Shops business, you could consider Cash Converters. First established in 1984, Cash Converters has grown a devoted following since opening 36 years ago. By joining its network of 200 franchisees, you would become a part of a strong business community. You will need an initial investment of £100,000 to start your own Cash Converters business. Your personal investment should account for at least £39,000 of the total amount. You may want to consider getting a loan to start a business in this sector. Given these higher startup costs, this is an opportunity best suited for most established franchisees with greater access to financial resources.
Ecigwizard is another interesting brand operating in the High Street Shops sector. The first franchise launched in 2011. You will need to invest £60,000 to begin operating your own Ecigwizard business. Your personal investment should account for at least £40,000 of the total amount. Given these higher startup costs, this opportunity is less suitable for first-time franchisees. If you choose to invest in this franchise, financial assistance is available, providing you meet the eligibility criteria. Visit our website for details.
Lastly, have a look at Cash Generator, another competitive High Street Shops franchise that launched in 1997. The company is now mature and a leader within the sector, having developed its franchise network for 23 years. The brand's network is vast, counting 700 locations across the country. To start your business, you will need an initial investment of £240,000. 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 usually be required. For Cash Generator, the minimum personal investment is £80,000. Due to the higher startup costs, this option is not advisable for first-time franchisees.
The High Street Shops sector has many successful franchise businesses. We currently have 19 opportunities available in this sector. 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 opportunity of almost 250 franchising options.
This page contains machine-generated content provided by LabSense, using data collected from NOMIS and the ONS.