Retail & Stores Franchise opportunities to start in Braintree
Starting a franchise business in Braintree
If you're interested in running your own business in Braintree, located in the East of England, you should explore franchising options. Several brands are currently recruiting in the Braintree 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. Have a look at our various franchising opportunities to discover the sectors and brands that most appeal to you.
According to recent census data, there are 152,000 people living in Braintree. When broken down by age group, 40-59 year olds represent the largest portion of the population. The local unemployment rate of 4.5% is high compared to the national average of 4%. The local labour force consists of 74,000 people, representing 80.4% of the population. The gross annual income in Braintree amounts to £32,518, which is slightly higher than the national average of just over £30,500.
Why the Retail industry appeals to franchisees
Across the United Kingdom, there are currently 61 opportunities to open your own franchise in the Retail industry. Have a look through our three Fashion franchises, three Toy Store franchises, three Craft franchises, four Printing franchises and two Greeting Card franchises to see if any suit your career goals and aspirations. If you would like to operate a business in the Retail industry, it could be useful to know that companies in the industry currently employ 5,000 people in the Braintree area.
Three franchise business examples worth looking at
Minuteman Press operates in the Retail industry. The brand's network is made up of 975 franchisees, which promote its exposure. Opening a Minuteman Press franchise will require you to invest a minimum of £50,000. At least £25,000 of this should come from your own personal investment. These low startup costs make it a good option to pursue for first-time franchisees. If eligible, you might be able to benefit from financial aid.
Another possibility to consider is Mac Tools. The company has been in business since 2011. The brand benefits from a well-established network and good visibility, operating in 170 franchise outlets. An affordable initial investment of £50,000 will enable you to open your own Mac Tools business. In most cases, your personal investment should represent 30 to 50% of the total amount. Mac Tools requires you to personally invest at least £5,000. You could potentially apply for a loan to cover the remaining costs. Whether you're an established franchisee or a first-time investor, the low startup costs mean that this could be a good option for you.
Lastly, Cash Converters is another interesting franchise option if you plan to invest in the Retail industry. Launched in 1984, the brand has grown a loyal following over the past 36 years. The brand runs in 200 franchise locations which make up a strong business community. You will need to invest £100,000 to open your own Cash Converters business. At least £39,000 of this significant amount should come from your own personal investment. Given these higher startup costs, this opportunity is less suitable for first-time franchisees.
Opening a business in the Retail industry has great potential. If you're interested, check out our 61 available options. You will find a total of 236 franchise options on Point Franchise. So if you are still looking for the perfect business opportunity, there are still plenty of options for you to explore.
This text was automatically generated in partnership with LabSense, using data collected from NOMIS and the ONS.