Retail & Stores Franchise opportunities to start in Bishop's Stortford
Investing in Bishop's Stortford could be your next move
If you're thinking about running your own business in Bishop's Stortford, located in the East of England, you should explore franchising options. Several brands 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 see if this could be for you. Have a look at our different franchising opportunities to find the sectors and brands that most appeal to you.
There are 148,000 people in the East Hertfordshire region. The majority of the population falls within the 40-59 age category. The labour force makes up 77.1% of the population, or approximately 70,700 people. The area has an unemployment rate of 1.9% which is significantly lower than the UK average of 4%. East Hertfordshire has an average annual salary of £48,836, which is significantly higher than the national average income of just over £30,500.
Why the Retail industry appeals to franchisees
In the United Kingdom, you will find 61 franchises recruiting in the Retail industry. This sector offers a number of interesting options, including four Sweet Shop franchises, three Fashion franchises, three Toy Store franchises, four Tool franchises and three Craft franchises. See if any catch your eye. The Retail industry provides employment for many people. In East Hertfordshire, businesses currently employ 5,000 people in the sector.
Eager to find out more? Here are three franchise business examples
The Retail industry offers a variety of brands to choose from, including Snap-on. This business opportunity requires a significant initial investment of £110,143. You could get a loan to help cover startup costs, in which case your personal investment will generally need to cover 30 to 50% of the total investment. Snap-on asks for a minimum personal investment of £24,143. These low startup costs make this a good franchising option for first-time franchisees.
Another option to consider is Minuteman Press. The brand operates in 975 franchise locations which make up a well-established business network. Starting a Minuteman Press business requires a reasonable initial investment of £50,000. If you plan on getting a loan to cover the startup costs, Minuteman Press asks for a personal investment of at least £25,000. For most franchises, this amount represents 30 to 50% of the total investment. These low startup costs make it a good option to pursue for first-time franchisees. Also, if you can't cover the startup costs alone, you may be entitled to financial assistance.
Finally, you could also consider Signorini TARTUFI. By joining its current 31 franchisees, you would become a part of a growing brand network. You will need to invest £90,000 to open your own Signorini TARTUFI business. At least £30,000 of this significant amount should come from your own personal investment. Due to the higher startup costs, this option is not recommended 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 are interested in the Retail industry and want to discover more franchising options, check out the 61 brands available in this sector. If you're curious about investment options in other sectors, we've got a total of almost 250 franchising opportunities to choose from on Point Franchise.
This text was automatically generated in partnership with LabSense, using data provided by NOMIS and the ONS.