Retail Franchise opportunities to start in Watford
Starting a franchise business in Watford
Franchising is a great way to start your own business, while benefitting from the comprehensive support of an established brand. Take a look at our range of brands in Watford, located in the Watford area in the East of England, where many businesses are currently recruiting. Starting a business should be exciting! Have a look at our selection of franchising opportunities, starting with the sectors that you feel most passionate about.
Watford has a population of approximately 97,000 people. Residents aged 20 to 39 years old make up the majority of the population. The average annual income across the United Kingdom is close to £31,000. With a gross salary averaging £32,481, residents of Watford have a slightly higher salary than the national average.
Why High Street Shops businesses appeal to franchisees
Across the United Kingdom, you will find 19 franchises operating in the High Street Shops sector. This is just one of the sectors you could choose within the Retail industry. There are also four Tool franchises, two Music Shop franchises, three Toy Store franchises, three Fashion franchises and four Printing franchises. Have a look and see if any are a good fit for you. If you're interested in the Retail industry, you may want to consider how many people already work in the sector. In Watford, Retail companies currently employ 7,000 people.
Want to know more? Read about these three brands
If you are interested in running a business in the High Street Shops sector, read about Cash Converters, a brand operating since 1984. Cash Converters now offers its expertise to a loyal customer base, built up over 36 years. The brand's network is important, counting 200 outlets in the United Kingdom. Opening a Cash Converters franchise will require you to invest a minimum of £100,000. At least £39,000 of this should come from your own personal investment. Given these higher startup costs, this opportunity is less suitable for first-time franchisees.
Gautier is another competitive brand operating in the High Street Shops sector. You will need to invest in a small premises to operate this business. You could also receive financial assistance, if eligible.
Finally, another interesting franchise option is Ecigwizard, which launched in 2011. The brand is growing quickly, with 45 locations already in operation, and a desire to expand further. This business opportunity requires an initial investment of £60,000. You could get a loan to help cover startup costs, in which case your personal investment will typically need to cover 30 to 50% of the total investment. Ecigwizard requires a minimum personal investment of £40,000. Due to the higher startup costs, this option is not advisable for first-time franchisees. If you can't cover the startup costs on your own, you may qualify for financial aid. Visit our website for more information.
Eager to read more about business opportunities in the High Street Shops sector? Explore our 19 available options. If you're still torn between different sectors, no problem! Point Franchise offers close to 250 franchising opportunities across many different sectors. Enjoy exploring your options.
This page contains data provided by NOMIS and the ONS. This content was automatically generated by LabSense.