Retail Franchise opportunities to start in Braintree
Braintree could be home to your new business
If you'd like to open your own business but don't know where to start, a franchise might just be the answer. Braintree, situated in the East of England, could be a good place to start as there are many brands currently recruiting franchisees in the Braintree area. If you already know which line of work you'd like to pursue, check out our franchise options in that sector. If not, have a look and see what other options catch your eye. We have businesses to suit many different interests and career goals.
Recent figures show that 152,000 people live in Braintree. The majority of the population sits within the 40-59 age range. The community has a 4.5% unemployment rate, which is slightly higher than the national average of 4%. There are 74,000 economically active people in the area, representing 80.4% of the total population. The gross annual income in Braintree amounts to £32,518, which is slightly higher than the national average of just over £30,500.
The High Street Shops sector: An interesting opportunity for franchisees
If you wish to run a High Street Shops franchise, you are likely to find one that appeals to you among 19 available across the United Kingdom. The High Street Shops sector is just one example of the options available in the Retail sector. Other opportunities include two Greeting Card franchises, three Craft franchises, four Printing franchises, two Cosmetic franchises and three Toy Store franchises. Have a browse, the perfect business opportunity for you could be a few clicks away. If you're keen on the Retail industry, you may want to consider how many people already work in the sector. In Braintree, Retail companies currently employ 5,000 people.
Three brands worth your attention
If the High Street Shops sector is your area of interest, Cash Converters is worth considering. Initially established in 1984, the brand has grown a dedicated following over the past 36 years. The brand operates in 200 franchise locations which make up a well-established business community. To start your own Cash Converters franchise, you will need to invest £100,000, of which at least £39,000 should be your own personal investment. You could apply for a loan to help cover the remaining startup costs. It is thus less appropriate for new investors.
You could also have a look at Post & Packing, which has been operating since 2012. By joining its current 11 franchisees, you would be joining a fast growing brand network. A total of £50,000 is required to open a Post & Packing franchise. You might want to consider getting a loan to cover the startup costs, in which case at least £35,000 of the total investment should come from your personal funds. Given these higher startup costs, this is an opportunity best suited for most established franchisees with greater access to financial resources.
Lastly, if the High Street Shops sector appeals to you, Veeno is another option you could consider. By joining its network of eight franchisees, you could contribute to this brand's success. You will need to invest £80,000 to start your own Veeno business. At least £35,000 of this should come from your own personal investment. Given these higher startup costs, this opportunity is less suitable for first-time franchisees. A large premises will also be required to operate this business. An investment in this franchise entitles you to financial aid, if eligible. See our website for more information.
The High Street Shops sector offers 19 franchising options. With 236 new business investment opportunities to choose from across different sectors, you have a good chance of finding a brand that meets your needs on Point Franchise.
This page contains data collected from NOMIS and the ONS. This content was automatically generated by LabSense.