Retail & Stores Franchise opportunities to start in Watford
Starting a new business in Watford
Watford, located in the East of England, offers a variety of new business investment opportunities, especially if you like working for yourself but not on your own. Learn more about our franchising options here. You might just find the right brand for starting your own business in the Watford area. Have a look at our different franchising opportunities to discover the sectors and brands that most appeal to you.
Approximately 97,000 people currently live in Watford. The 20-39 age range has the highest concentration within the population. Residents of Watford have an annual average salary of £32,481. In comparison, the average gross income in the United Kingdom is £30,629.
The Retail industry: An interesting opportunity for franchisees
There are currently 61 opportunities to invest in the Retail industry. If you would like to operate a business in this field, keep reading. Check out our four Sweet Shop franchises, three Toy Store franchises, two Music Shop franchises, four Printing franchises and four Tool franchises. Could one of these brands help you reach your career goals and aspirations? If you're interested in the Retail industry, you're not alone. In Watford, 7,000 people currently work in the industry.
Three franchise businesses worth reading about
First established in 1984, Cash Converters is a competitive brand operating in the Retail industry. Cash Converters has acquired expertise and customer loyalty in its 36 years since opening. The brand benefits from a well-established network and good exposure, running in 200 franchise locations. 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 open a business in this sector. Given these higher startup costs, this is an opportunity best suited for most established franchisees with greater access to financial resources.
Another possibility to consider is Ecigwizard. The company first began operating in 2011. The brand is growing quickly, with 45 outlets currently in operation, and a desire to expand further. 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. The higher startup costs make this an opportunity best suited for most established franchisees with greater access to financial resources.
Finally, another option worth considering is Cash Generator, a company that has been operating since 1997. The brand now has 23 years of experience, making it a leader in the sector. The brand's network is made up of 700 franchisees, which enhance its visibility. You will need to invest £240,000 to start your own Cash Generator business. At least £80,000 of this substantial amount should come from your own personal investment. Given these higher startup costs, this opportunity is less suitable for first-time franchisees.
If you would like to know more about franchise opportunities in the Retail industry, have a look through our 61 available options. At Point Franchise, we are proud to offer 236 franchise options across many sectors, helping you find the perfect business opportunities for you.
This page contains data collected from NOMIS and the ONS. This content was automatically generated by LabSense.