Retail Franchise opportunities to start in Borehamwood
Borehamwood is waiting for you to begin a franchise business
Would you like to run your own business? Borehamwood, located in the East of England, could be a good place to start. There are many brands currently recruiting franchisees in the Hertsmere area. Franchising gives you the opportunity to manage your own business while benefitting from the support of an established brand. Deciding which sector you'd like to work in will lead you to the businesses that best suit your needs and business goals.
Approximately 104,000 people currently live in Hertsmere. The 40-59 age range has the highest concentration in the population. The local income averages £38,209 per year, which is significantly higher than the £30,629 average salary in the UK as a whole.
Could the High Street Shops sector be the right choice for you?
If you wish to open a business in the High Street Shops sector, have a look at our 19 franchises currently recruiting franchisees in the sector. The High Street Shops sector is just one sector among many in the Retail industry. Its three Craft franchises, three E Cigarette franchises, two Cosmetic franchises, four Tool franchises and two Greeting Card franchises are also worth considering. Let our selection of brands be your guide to starting your next exciting business opportunity. In the Hertsmere area, the Retail industry provides employment for 4,500 people.
Here are three examples of franchise businesses
If you're interested in the High Street Shops sector, check out Mail Boxes Etc. It is now firmly rooted in the market, counting 1,600 franchise locations. In order to start a Mail Boxes Etc. business, a reasonable initial investment of £60,000 is required. If you plan on getting a loan to cover the startup costs, you will generally need to cover 30 to 50% of the total investment yourself. Mail Boxes Etc. requires a personal investment of at least £25,000. These low startup costs make it a good option to pursue for first-time franchisees. When investing in this franchise, you could be eligible for financial assistance.
CAVAVIN is another interesting option. By joining its network of 160 franchisees, you would become a part of a well-established business community. To start your business, you will need an initial investment of £100,000. 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 CAVAVIN, the minimum personal investment is £40,000. 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. If eligible, you might be able to benefit from financial aid. See our website for more information.
Lastly, if the High Street Shops sector appeals to you, Apollo Blinds is another option you could consider. First established in 1972, Apollo Blinds has gained substantial customer loyalty over its 48 years in business. There are 50 outlets open so far, and the network is expanding. Opening an Apollo Blinds business requires an initial investment of £20,000. These low startup costs make this a good franchising option for first-time franchisees.
If you are thinking about opening a franchise business in the High Street Shops sector, you might be interested to explore our 19 available brands. Point Franchise currently has a total of 236 brands recruiting franchisees across a variety of sectors. Have a browse to see which other sectors you might want to invest in.
Data on this page was provided by NOMIS and the ONS. This content was machine-generated in partnership with LabSense.