Retail Franchise opportunities to start in London
What to consider when starting a franchise in London
If you're considering running your own business in London, located in the London Region, you should explore franchising options. Several brands are currently recruiting in the London area. As a franchisee you could run your own business while benefitting from comprehensive support. Keep reading to see if this could be for you. There are a variety of new business investment opportunities available based on your budget and career objectives. Have a look to find the brand that appeals to you most.
Recent figures show that 8,908,000 people live in London. The 20-39 age group has the highest concentration in the population. The local unemployment rate of 4.6% among 4,739,500 economically active people, or 78.1% of the population, is slightly higher than the average in the United Kingdom. The average annual income across the UK is close to £31,000. With a gross salary averaging £41,220, residents of London have a significantly higher salary than the national average.
Why the High Street Shops sector appeals to franchisees
The High Street Shops sector currently offers 19 franchise opportunities. If this sector appeals to you, check out our options. Bear in mind that the potential for exciting investment opportunities in the Retail industry is not limited to the High Street Shops sector. Other available investment options include two Greeting Card franchises, four Tool franchises, three E Cigarette franchises, three Craft franchises and three Fashion franchises. See if there's one to suit your business goals. In London, the Retail industry already provides employment for nearly 422,000 people, potentially making this path an ideal one for you, too!
Three franchise business examples
If you are interested in opening a franchise in the High Street Shops sector, Noa Noa could be an option for you. This brand is growing, counting 90 outlets across the country. If you can't cover the startup costs on your own, you may be eligible for financial aid.
Another option worth considering is Gautier. By joining its network of two franchisees, you could play a part in this brand's success. You will need to invest in a small premises to operate this business. Also, if you can't afford the startup costs alone, you may be able to benefit from financial assistance.
Lastly, another possibility to consider is Santos. The brand benefits from a strong network and good exposure, running in 260 franchise locations. Opening a Santos business requires a substantial initial investment of £300,000. If you plan on getting a loan to cover the startup costs, Santos asks for a personal investment of at least £100,000. For most franchises, this amount represents 30 to 50% of the total investment. It is thus less appropriate for new investors. A small premises will also be required to operate this business. An investment in this franchise entitles you to financial aid, if eligible. See our website for more information.
If you would like to find out more about franchise opportunities in the High Street Shops sector, have a browse through our 19 available options. If you're interested in exploring franchising options in other sectors, Point Franchise has 236 brands to choose from.
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