Retail & Stores Franchise opportunities to start in Borehamwood
Borehamwood is an attractive town to invest in
The franchising opportunities in Borehamwood, located in the East of England, are numerous. As a franchisee, you could have the independence of working alone with the support of a team behind you. Stay on this page to find out which brands you could work with in Hertsmere. Deciding which sector you'd like to work in will lead you to the brands that best suit your needs and career goals.
The Hertsmere area has 104,000 residents. The majority of the population sits within the 40-59 age range. The region's average gross annual income of £38,209 is significantly higher than the average income of just over £30,500 across the United Kingdom.
Could the Retail industry be the right choice for you?
There are 61 brands offering franchise options in the Retail industry. With four Tool franchises, two Music Shop franchises, four Sweet Shop franchises, three E Cigarette franchises and four Printing franchises, this field has great potential for exciting business plans. See if there's a brand to suit your goals and interests. In Hertsmere, the Retail industry already provides employment for nearly 4,500 people, potentially making this path an ideal one for you, too!
Three franchise business examples
There are many interesting franchising possibilities in the Retail industry. Take Ecigwizard for example, a business that was first established in 2011. The brand is growing quickly, with 45 outlets currently in operation, and a desire to expand further. 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. Ecigwizard requires a minimum personal investment of £40,000. Due to the higher startup costs, this option is not recommended for first-time franchisees. If you choose to invest in this franchise, financial aid is available, providing you meet the eligibility criteria.
You could also have a look at The Original Poster Company, which has been in business since 1991. The Original Poster Company has proved itself to be a successful business and leader in the sector in its 29 years since opening. By joining its current 70 franchisees, you would be joining a growing brand network. If you can't afford the startup costs on your own, you could see if you qualify for financial assistance.
As a final Retail franchise option, take a look at Minuteman Press. The brand runs in 975 franchise locations which make up a strong business community. To start your business, you will need an initial investment of £50,000. 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 usually be required. For Minuteman Press, the minimum personal investment is £25,000. 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.
There are currently 61 franchising opportunities available in the Retail industry. If this sector doesn't suit your needs, don't worry. Point Franchise offers close to 250 franchise options across a variety of sectors to help you find your perfect business opportunity.
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