Retail & Stores Franchise opportunities to start in Cheshunt

Cheshunt could be home to your new business

Have you ever considered opening a franchise in Cheshunt? This could be your opportunity to manage your own business while receiving comprehensive training and marketing support, since many businesses in the Broxbourne area are currently recruiting franchisees. Why not have a look through our selection of franchising options? There are opportunities to suit various needs and career goals.

Recent figures show that 97,000 people live in Broxbourne. The most represented age group is 40-59 years of age. The local unemployment rate of 5.2% among 50,400 economically active people, or 79.5% of the population, is slightly higher than the average in the UK. Broxbourne has an average annual salary of £34,070. This salary is higher than the rest of the United Kingdom, which has an average income of £30,629.

Why choose to open a business in the Retail industry?

In the UK, you will find 61 franchises recruiting in the Retail industry. There are four Sweet Shop franchises, two Cosmetic franchises, two Greeting Card franchises, three Fashion franchises and four Tool franchises offering the opportunity to invest. Explore our available brands to find a potential match. Retail is a well-established industry, providing employment for 4,000 people in Broxbourne alone.

Check out three available franchise options

If you would like to invest in the Retail industry, Tubz Vending could be a good option. The brand benefits from a strong network and good exposure, operating in 300 franchise outlets. An initial investment of £3,295 will enable you to open your own Tubz Vending business. These low startup costs make this a good franchising option for first-time franchisees.

Cash Converters could be another good option for you to invest in. First established in 1984, Cash Converters has acquired many dedicated customers over the past 36 years. By joining its network of 200 franchisees, you would become a part of a well-established business community. This business opportunity requires a substantial initial investment of £100,000. You could get a loan to help cover startup costs, in which case your personal investment will usually need to cover 30 to 50% of the total investment. Cash Converters asks for a minimum personal investment of £39,000. Given these higher startup costs, this is an opportunity best suited for most established franchisees with greater access to financial resources.

Finally, another possibility to consider is Cash Generator. The brand was first established in 1997. Cash Generator has proved itself to be a successful business and leader in the field in its 23 years since opening. The brand runs in 700 franchise locations which make up a strong business network. You will need an initial investment of £240,000 to start your own Cash Generator business. Your personal investment should account for at least £80,000 of the total amount. You may want to consider getting a loan to start a business in this sector. Due to the higher startup costs, this option is not recommended for first-time franchisees.

There are currently 61 new business investment opportunities available in the Retail industry. Don't forget that we offer new business investment ranges across a variety of sectors on Point Franchise. If you're still looking for the perfect match, just explore our opportunity of 236 franchising possibilities.

This text was automatically generated in partnership with LabSense, using data collected from NOMIS and the ONS.