Retail & Stores Franchise opportunities to start in Luton

Luton and its prospects for new Businesses

If you want to open your own business, you may find that Luton has a lot to offer. Many companies are currently looking for franchisees in the Luton area. Keep reading to see if running a franchise could be a good option for you! Browse our extensive possibilities in order to find the right franchise for you, and you'll be one step closer to starting your own business.

There are 214,000 people living in the Luton area. The age group with the highest concentration is 20-39. The economically active population in Luton amounts to 103,100 people, with an unemployment rate of 5%. This rate is slightly higher than the national average. Residents in the area earn £28,196 per year on average. This income is slightly lower than the national average gross salary, which reaches close to £31,000.

What the Retail industry could offer you

Across the United Kingdom, there are currently 61 opportunities to run your own franchise in the Retail industry. There are a lot of interesting new business investment options, including four Sweet Shop franchises, three Craft franchises, two Music Shop franchises, two Cosmetic franchises and four Tool franchises. Have a look at the available brands to find out if your perfect match is among them. If you're interested in the Retail industry, you're not alone. In Luton, 7,000 people currently work in the field.

Take a look at three franchise business examples

Tubz Vending could be a great choice for you if you're planning to invest in the Retail industry. The brand operates in 300 franchise locations which make up a well-established business community. An initial investment of £3,295 will allow you to open your own Tubz Vending business. Given these low startup costs, this option could be suitable for first-time franchisees. A small premises will also be required to operate this business. If you can't afford the startup costs on your own, you may qualify for financial aid.

Minuteman Press is another successful brand operating in the Retail industry. The brand's network is important, counting 975 outlets across the country. To open your own Minuteman Press franchise, you will need to invest £50,000, of which at least £25,000 should be your own personal investment. You could get a loan to help cover the remaining startup costs. These relatively low startup costs make it a good option to pursue for first-time franchisees. An investment in this franchise entitles you to financial assistance, if eligible. Visit our website for details.

As a final example, check out Cash Generator. Initially established in 1997, the company now has 23 years of experience, making it a leader in the sector. The brand has a strong network and good visibility, running in 700 franchise locations. Opening a Cash Generator franchise will require you to invest a minimum of £240,000. At least £80,000 of this should come from your own personal investment. Due to the higher startup costs, this option is not advisable for first-time franchisees.

If you are interested in the Retail industry and would like to learn more about its available franchising options, explore the 61 businesses currently recruiting franchisees in the sector. With 236 franchising opportunities to choose from across various 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.