Retail & Stores Franchise opportunities to start in Letchworth
What to consider when opening a franchise in Letchworth
Many brands are currently looking for franchisees in Letchworth, located in the East of England. By becoming a franchisee, you could run your own business while receiving comprehensive training and marketing support. Keep reading to explore the options in the North Hertfordshire area. We offer franchise investment opportunities in a variety of sectors. Why not explore the sector that appeals to you the most?
A recent census found that 133,000 people live in North Hertfordshire. The 40-59 age range is the most represented within the population. Unemployment affects 4% of the UK population. With a rate of 3.7%, unemployment in this area is in line with the national average. The economically active population amounts to 68,400 people, making up 83.9% of the population. The United Kingdom's annual average salary is just over £30,500. Salaries in North Hertfordshire are higher in comparison, averaging £35,383 a year.
Why start a business in the Retail industry?
Across the UK, there are currently 61 opportunities to run your own franchise in the Retail industry. Available franchises include three Craft franchises, four Printing franchises, four Sweet Shop franchises, two Greeting Card franchises and two Music Shop franchises. The perfect business to suit your career goals and aspirations might just be among them. The Retail industry provides employment for many people. In North Hertfordshire, companies currently employ 5,000 people in the industry.
Three brands worth your attention
Tubz Vending is a competitive franchise operating in the Retail industry. The brand operates in 300 franchise locations which make up a well-established business network. To start your own Tubz Vending business, you will need an initial investment of £3,295. These relatively low startup costs make it a good option to pursue for first-time franchisees. You will also need to invest in a small premises to operate this business. You may qualify for financial aid.
Another option worth considering is Noa Noa. There are 90 outlets open so far, and the network is expanding. You could also receive financial assistance, if eligible.
Finally, Signorini TARTUFI is another interesting franchise option if you plan to invest in the Retail industry. By joining its 31 franchises already in operation, you could contribute to this brand's expansion. To start your own Signorini TARTUFI franchise, you will need to invest £90,000, of which at least £30,000 should be your own personal investment. You could apply for a loan to help cover the remaining startup costs. Due to the higher startup costs, this option is not recommended for first-time franchisees. You will also need to invest in a small premises to operate this business. Also, if you can't cover the startup costs alone, you may be able to benefit from financial aid. Visit our website for details.
The Retail industry offers 61 franchising opportunities. If this sector doesn't suit your needs, don't worry. Point Franchise offers 236 franchise options across a variety of sectors to help you find your perfect business opportunity.
NOMIS and the ONS provided the data shown on this page. This text was automatically generated by LabSense.