Retail & Stores Franchise opportunities to start in Hoddesdon
Hoddesdon is an attractive town to invest in
Franchising is a great way to start your own business, while benefitting from the comprehensive support of an established brand. Check out our selection of brands in Hoddesdon, located in the Broxbourne area in the East of England, where many businesses are currently recruiting. Deciding which sector you'd like to work in will lead you to the brands that best suit your needs and career goals.
There are 97,000 people living in the Broxbourne area. The 40-59 age range makes up the majority of the population. The local unemployment rate of 5.2% is high compared to the national average of 4%. The local labour force consists of 50,400 people, representing 79.5% of the population. The region's average gross annual income of £34,070 is higher than the average income of £30,629 across the United Kingdom.
Why choose to operate in the Retail industry?
If you want to manage your own business in the Retail industry, the good news is that there are 61 franchises currently recruiting new franchisees across the country. You will find three E Cigarette franchises, three Craft franchises, three Fashion franchises, two Cosmetic franchises and two Music Shop franchises offering the opportunity to invest. Explore our available brands to find a potential match. If you are thinking about joining the Retail industry, it may interest you to know that 4,000 people have already made the decision to work in this industry in the Broxbourne area.
Here are three examples of franchise businesses
Minuteman Press is a competitive business operating in the Retail industry. The brand runs in 975 franchise locations which make up a well-established business network. In order to start a Minuteman Press business, an affordable initial investment of £50,000 is required. If you plan on getting a loan to cover the startup costs, you will typically need to cover 30 to 50% of the total investment yourself. Minuteman Press asks for a personal investment of at least £25,000. Given these low startup costs, this option could be suitable for first-time franchisees. By investing in this established brand, you could be eligible for financial assistance.
Ecigwizard is another successful brand that has been operating in the Retail industry since 2011. By joining its current 45 franchisees, you would be joining a fast growing brand network. Opening an Ecigwizard business requires an initial investment of £60,000. At least £40,000 should come from your own personal investment. Due to the higher startup costs, this option is not recommended for first-time franchisees.
Finally, another interesting franchising opportunity is Tubz Vending. The brand's network is significant, counting 300 outlets across the United Kingdom. Initially, you would need to invest £3,295 to get your own Tubz Vending business up and running. 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 eligible, you might be able to benefit from financial aid. Visit our website for more information.
If you would like to have a look at more new business investment options in the Retail industry, we currently have 61 available opportunities. If you're still torn between different sectors, no problem! Point Franchise offers almost 250 franchising opportunities across many different sectors. Enjoy exploring your options.
This text was automatically generated in partnership with LabSense, using data collected from NOMIS and the ONS.