Retail Franchise opportunities to start in Chatham
Chatham: A great location to start a business
Are you thinking about opening a franchise? Chatham, in South East England, could have a lot to offer. By becoming a franchisee, you could benefit from training and marketing support from an established brand while managing your own business. Check out the brands currently recruiting in Medway. We offer a range of realistic new business investment possibilities, so that you can find one you like.
There are an estimated 278,000 people in the Medway area. The age group with the highest concentration is 20-39. The local labour force consists of 142,200 people, or 80.7% of the total population. With an unemployment rate of 3.5%, recent data indicates that employment in this area is lower than in the rest of the UK. The average annual income across the United Kingdom is just over £30,500. With a gross salary averaging £30,459, residents of Medway have a salary comparable to the national average.
The High Street Shops sector: An interesting opportunity for franchisees
In the UK, there are 19 franchises recruiting in the High Street Shops sector. The High Street Shops sector is a part of the Retail industry. Other brands recruiting in this industry include two Cosmetic franchises, four Printing franchises, three Toy Store franchises, three Craft franchises and two Greeting Card franchises. Among these franchising options, there will likely be one that fits your career goals and aspirations. If you are considering joining the Retail industry, you may be interested to know that 9,000 people have already made the decision to work in this sector in the Medway area.
Here are three examples of franchise businesses
If you're interested in the High Street Shops sector, have a look at BoConcept, a brand that launched in 1993. BoConcept has proved itself to be a successful business and leader in the field in its 27 years since opening. By joining its network of 250 franchisees, you would become a part of a strong business community. To open your own BoConcept franchise, you will need to invest £500,000, of which at least £100,000 should be your own personal investment. You could apply for a loan to help cover the remaining startup costs. The higher startup costs make this an opportunity best suited for most established franchisees with greater access to financial resources.
Veeno is an interesting franchise option in the High Street Shops sector. This brand is growing, counting eight locations in the UK. An initial investment of £80,000 will enable you to open your own Veeno business. In most cases, your personal investment should represent 30 to 50% of the total amount. Veeno requires you to personally invest at least £35,000. You could potentially get a loan to cover the remaining costs. Given these higher startup costs, this is an opportunity best suited for most established franchisees with greater access to financial resources. A large premises will also be required to operate this business. Also, if you can't cover the startup costs alone, you may be entitled to financial assistance.
Lastly, Card Group, open since 1997, is another interesting option. The brand has developed over time and now runs in 1,500 different locations. The brand is now mature and a leader within the sector, having expanded its franchise network for 23 years. To start your business, you will need an initial investment of £60,000. If you plan on getting 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 Card Group, the minimum personal investment is £40,000. Due to the higher startup costs, this option is not advisable for first-time franchisees. If you make the decision to invest in this franchise, financial aid is available, providing you meet the eligibility criteria. Visit our website for more information.
If you are interested in the High Street Shops sector and would like to discover more franchising opportunities, take a look at the 19 brands available in this sector. If you are still not sure which sector best suits your needs, have a look through our selection of 236 new business investment opportunities across a variety of sectors on Point Franchise.
This text was automatically generated in partnership with LabSense, using data provided by NOMIS and the ONS.