Retail & Stores Franchise opportunities to start in Gravesend

Why should you invest in Gravesend?

If you're interested in running your own business in Gravesend, located in the East of England, you should look at franchising options. Several companies are currently recruiting in the East Hertfordshire area. As a franchisee you could run your own business while benefitting from comprehensive support. Keep reading to find out if this could be for you. Explore our sectors and brands to find your best options among various franchising opportunities, keeping in mind your personal interests and business goals.

There are approximately 148,000 people currently living in East Hertfordshire. The 40-59 age range has the highest concentration in the population. The labour force makes up 77.1% of the population, or approximately 70,700 people. The community has an unemployment rate of 1.9% which is significantly lower than the UK average of 4%. The United Kingdom's annual average income is just over £30,500. Salaries in East Hertfordshire are significantly higher in comparison, averaging £48,836 a year.

The Retail industry could be the right choice for you

Across the UK, there are currently 61 opportunities to open your own franchise in the Retail industry. In fact, you can choose from four Sweet Shop franchises, two Cosmetic franchises, four Tool franchises, two Music Shop franchises and three E Cigarette franchises today. You may be interested to know that businesses in the East Hertfordshire area currently employ 5,000 people in the Retail industry.

Three franchise business examples

There are many interesting franchising possibilities in the Retail industry. Take Cash Generator for example, a brand that was first established in 1997. The company is now mature and a leader within the sector, having expanded its franchise network for 23 years. The brand has a well-established network and good visibility, operating in 700 franchise outlets. This business requires a significant initial investment of £240,000. If you intend to get a loan to cover startup costs, you should anticipate adding a personal investment of 30 to 50% of the total investment as a general rule. The minimal personal investment to start a Cash Generator business is £80,000. It is thus less appropriate for new investors.

If the Retail industry appeals to you, Signorini TARTUFI is another option you could consider. There are 31 locations open so far, and the network is expanding. You will need to invest £90,000 to start your own Signorini TARTUFI business. At least £30,000 of this substantial amount should come from your own personal investment. Given these higher startup costs, this is an opportunity best suited for most established franchisees with greater access to financial resources. You will also need to invest in a small premises to operate this business. If you make the decision to invest in this franchise, financial assistance is available, providing you meet the eligibility criteria.

Finally, have a look at Noa Noa, another competitive Retail franchise. This brand is developing, counting 90 franchises in the UK. If you can't afford the startup costs on your own, you may be eligible for financial aid. See eligibility details on our website.

The Retail industry offers many interesting investment opportunities, including our 61 franchise options. Point Franchise offers a total of close to 250 franchising options across many different sectors. So, if you're still searching for a brand that meets your needs, there are plenty of options for you to explore.

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