Retail & Stores Franchise opportunities to start in Haverhill
Haverhill could be home to your new business
Discover the possibilities waiting for you in Haverhill, situated in the East of England. On this page you'll find a selection of brands recruiting franchisees in the Suffolk area. Franchising gives you the opportunity to operate your own business, complete with training and marketing support. Start by looking for franchise options in the line of work you are most interested in. This will most likely help you find a brand that sparks your curiosity.
Suffolk has a population of approximately 759,000 people. The 60+ age range makes up the majority of the population. The labour force in Suffolk amounts to 350,800 people, with an unemployment rate of 2.4%. This rate is significantly lower than the national average. For the Suffolk area, the average income is £29,129, which is in line with the national average salary of £30,629.
Why the Retail industry appeals to franchisees
Across the United Kingdom, there are 61 franchises in the Retail industry. Have a browse through our three E Cigarette franchises, two Music Shop franchises, four Sweet Shop franchises, four Tool franchises and two Greeting Card franchises to see if any suit your career goals and aspirations. In Suffolk, the Retail industry already provides employment for nearly 32,000 people, potentially making this path an ideal one for you, too!
Three franchise business examples
The London Vape Company is an interesting franchise that has been operating in the Retail industry since 2014. There are five outlets open so far, and the network is expanding quickly. This business opportunity requires an initial investment of £60,000. 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. The London Vape Company asks for a minimum personal investment of £30,000. Given these higher startup costs, this opportunity is less suitable for first-time franchisees. You will also need to invest in a small premises to operate this business. If you can't afford the startup costs on your own, you could find out if you qualify for financial assistance.
Take a look at Ecigwizard, another competitive Retail franchise that launched in 2011. This brand is growing quickly, counting 45 locations in the United Kingdom. In order to open an Ecigwizard business, an initial investment of £60,000 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. Ecigwizard requires a personal investment of at least £40,000. Due to the higher startup costs, this option is not recommended for first-time franchisees. Financial support is available for eligible franchisees. See eligibility details on our website.
Lastly, another option worth considering is Cash Generator, a company that was first established in 1997. The brand has acquired valuable experience and expertise over the past 23 years. The brand's network is vast, counting 700 locations in the UK. A total of £240,000, a substantial initial investment, is required to start a Cash Generator franchise. You might want to consider getting a loan to cover the startup costs, in which case at least £80,000 of the total investment should come from your personal funds. Given these higher startup costs, this opportunity is less suitable for first-time franchisees.
The Retail industry has many successful franchise businesses. We currently have 61 opportunities available in this sector. If you're interested in exploring investment options in other sectors, we've got a total of 236 franchising opportunities to choose from on Point Franchise.
This page contains data collected from NOMIS and the ONS. This content was automatically generated by LabSense.