Retail Franchise opportunities to start in Tonbridge

What to consider when starting a business in Tonbridge

If you'd like to run your own business but don't know where to start, a franchise might just be the solution. Tonbridge, situated in South East England, could be a good place to start as there are many brands currently recruiting franchisees in the Tonbridge and Malling area. 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.

Recent figures show that 131,000 people live in Tonbridge and Malling. Residents aged 40 to 59 years old are the most represented in the population. Unemployment in the area (4%) is comparable to the United Kingdom as a whole (4%). The labour force represents 88.0% of the local population, or 70,200 people. For the Tonbridge and Malling area, the average income is £40,764, which is significantly higher than the national average salary of close to £31,000.

The High Street Shops sector could be the right choice for you

Across the United Kingdom, there are 19 franchises in the High Street Shops sector. The High Street Shops sector is just one sector among many in the Retail sector. Its three E Cigarette franchises, 19 Retail franchises, three Fashion franchises, two Cosmetic franchises and four Printing franchises are also worth considering. Let our selection of brands be your guide to starting your next exciting investment opportunity. If you're interested in the Retail industry, you're not alone. In Tonbridge and Malling, 6,000 people currently work in the sector.

Three franchise business examples

If you're interested in the High Street Shops sector, take a look at Nicholas Humphreys Estate Agent, a brand that launched in 1999. Nicholas Humphreys Estate Agent has acquired valuable experience in the field in its 21 years since first opening. The brand is expanding, with 28 outlets currently in operation, and a desire to expand further. Starting a Nicholas Humphreys Estate Agent business requires an affordable initial investment of £31,200. At least £15,000 should come from your own personal investment. Whether you're an established franchisee or a first-time investor, the low startup costs mean that this could be a good option for you. Also, if you can't afford the startup costs alone, you may be entitled to financial assistance.

Check out Schmidt. By joining its 28 franchises already in operation, you could contribute to this company's expansion. You will need to invest £350,000 to begin operating your own Schmidt business, which is a significant initial investment. Your personal investment should account for at least £80,000 of the total amount. Given these higher startup costs, this opportunity is less suitable for first-time franchisees. A small premises will also be required to operate this business. When investing in this franchise, you could be eligible for financial aid. Visit our website for details.

Finally, if the High Street Shops sector appeals to you, Cash Converters is another option you could have a look at. Initially established in 1984, Cash Converters has gained many dedicated customers over the past 36 years. The brand runs in 200 franchise locations which make up 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 generally be required. For Cash Converters, the minimum personal investment is £39,000. Due to the higher startup costs, this option is not recommended 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. With close to 250 franchising opportunities to choose from across a variety of sectors, you have a good chance of finding a brand that meets your needs on Point Franchise.

Data on this page was collected from NOMIS and the ONS. This content was machine-generated in partnership with LabSense.