Retail & Stores Franchise opportunities to start in Hitchin

What can Hitchin offer to new businesses?

The franchising options in Hitchin, located in the East of England, are numerous. As a franchisee, you could have the independence of working alone with the support of a team behind you. Stay on this page to discover which brands you could work with in North Hertfordshire. Start by looking for franchise opportunities in the line of work you are most interested in. This will most likely lead you to a brand that sparks your curiosity.

According to recent census data, 133,000 people live in North Hertfordshire. The population's most prevalent age group is made up of 40-59 year olds. The community has a 3.7% unemployment rate, which is in line with the national average of 4%. Overall, the region's economically active population consists of 68,400 people or 83.9% of the total population. For the North Hertfordshire area, the average salary is £35,383, which is higher than the national average income of £30,629.

The Retail industry: An interesting opportunity for franchisees

Across the United Kingdom, you will find 61 franchises operating in the Retail industry. Check out our three Fashion franchises, three Toy Store franchises, four Tool franchises, two Cosmetic franchises and three E Cigarette franchises. Could one of these businesses help you reach your career goals and aspirations? It may interest you to know that companies in the North Hertfordshire area currently employ 5,000 people in the Retail industry.

Have a look at these three business examples

The Retail industry offers a variety of brands to choose from, including Snap-on. You will need an initial investment of £110,143 to start your own Snap-on business. Your personal investment should account for at least £24,143 of the total amount. You may want to consider getting a loan to open a business in this sector. These low startup costs make this a good franchising option for first-time franchisees.

Another possibility to consider is Mac Tools. The company first opened in 2011. The brand's network is made up of 170 franchisees, which increase its exposure. Starting a Mac Tools franchise will require you to invest a minimum of £50,000. At least £5,000 of this 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. When investing in this franchise, you could qualify for financial aid. See our website for more information.

Lastly, take a look at Cash Converters, another attractive Retail franchise that launched in 1984. Cash Converters now has 36 years of experience in the sector, making it a strong leader. The brand benefits from a strong network and good visibility, running in 200 franchise locations. 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 Cash Converters, the minimum personal investment is £39,000. Given these higher startup costs, this opportunity is less suitable for first-time franchisees.

If you would like to know more about franchise opportunities in the Retail industry, have a look through our 61 available options. Point Franchise currently has a total of almost 250 brands recruiting franchisees across a range of sectors. Have a browse to see which other sectors you might want to invest in.

This page contains data provided by NOMIS and the ONS. This content was automatically generated by LabSense.