Retail & Stores Franchise opportunities to start in Chelmsford
What to consider when opening a franchise in Chelmsford
Discover the franchise options waiting for you in Chelmsford, situated in the East of England. On this page you'll find a selection of brands recruiting franchisees in the Chelmsford area. Franchising is an opportunity to run your own business, complete with training and marketing support. Deciding which sector you'd like to work in will lead you to the businesses that best suit your needs and career goals.
Recent figures show that Chelmsford has a population of 177,000 people. Residents in the 40-59 age category make up the largest portion of the population. Residents in the area earn £32,849 per year on average. This income is slightly higher than the country's average gross salary, which reaches just over £30,500.
Have you considered the Retail industry?
Across the United Kingdom, there are 61 franchises in the Retail industry. You can pick an investment opportunity from three Toy Store franchises, three Craft franchises, three Fashion franchises, two Music Shop franchises and two Greeting Card franchises. Let our selection of brands be your guide to starting your next exciting franchising opportunity. Moreover, the number of people currently employed in a specific industry gives an indication of how dynamic it is. In the Chelmsford area, 9,000 people work for Retail companies.
Eager to know more? Here are three franchise business examples
If you are interested in running a business in the Retail industry, read about Ecigwizard, a brand operating since 2011. There are 45 outlets open so far, and the network is expanding quickly. To start your business, you will need an initial investment of £60,000. If you intend to get a loan to cover the costs of opening a franchise, a personal investment of 30 to 50% of the total amount will typically be required. For Ecigwizard, the minimum personal investment is £40,000. It is thus less appropriate for new investors. If you can't afford the startup costs on your own, you could find out if you qualify for financial aid.
Another option to consider is Cash Converters, a brand that first began operating in 1984. The brand has grown a loyal following over the past 36 years. The brand's network is made up of 200 franchisees, which enhance its visibility. You will need an initial investment of £100,000 to start your own Cash Converters business. Your personal investment should account for at least £39,000 of the total amount. You may want to consider getting a loan to start a business in this sector. The higher startup costs make this an opportunity best suited for most established franchisees with greater access to financial resources.
Finally, another option to consider is Minuteman Press. The brand's network is vast, counting 975 locations in the UK. In order to open 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 usually need to cover 30 to 50% of the total investment yourself. Minuteman Press requires a personal investment of at least £25,000. Given these low startup costs, this option could be suitable for first-time franchisees. Financial assistance can be given in some circumstances. See eligibility details on our website.
There are currently 61 available investment opportunities in the Retail industry. Have a look at these businesses to see if there's a good fit for you. Plus, with almost 250 alternative franchising options available across various sectors, Point Franchise offers plenty of choice to find the right brand for you.
This page contains machine-generated content provided by LabSense, using data collected from NOMIS and the ONS.