Retail & Stores Franchise opportunities to start in London
Why should you invest in London?
Would you like to run your own business? London, located in the London Region, could be a good place to start. There are many brands currently recruiting franchisees in the London area. Franchising gives you the opportunity to run your own business while benefitting from the support of an established brand. To start off with, look for the line of work that interests you the most. This is a quick way to find the franchise best suited to you.
The population of London is made up of 8,908,000 residents. The population's most prevalent age group is made up of 20-39 year olds. London has an unemployment rate of 4.6% within its labour force of 4,739,500 people. This rate is high compared to the UK average. For the London area, the average income is £41,220, which is significantly higher than the national average salary of £30,629.
Franchising opportunities in the Retail industry
Across the United Kingdom, there are currently 61 opportunities to open your own franchise in the Retail industry. Available franchises include three Fashion franchises, three Craft franchises, three E Cigarette franchises, four Sweet Shop franchises and two Music Shop franchises. The perfect business to suit your career goals and aspirations might just be among them. You may be interested to know that companies in the London area currently employ 422,000 people in the Retail industry.
Have a look at three franchise business examples
If you are interested in running a business in the Retail industry, read about Signorini TARTUFI. By joining its 31 franchises already in operation, you could contribute to this brand's expansion. You will need to invest £90,000 to start operating your own Signorini TARTUFI business, which is a significant initial investment. Your personal investment should account for at least £30,000 of the total amount. Due to the higher startup costs, this option is not recommended for first-time franchisees. A small premises will also be required to operate this business. When investing in this franchise, you could qualify for financial assistance.
Have a look at Cash Generator, another interesting Retail franchise that launched in 1997. Cash Generator has acquired valuable experience in the field in its 23 years since first opening. The brand benefits from a strong network and good exposure, operating in 700 franchise outlets. This business opportunity requires a significant initial investment of £240,000. You could get a loan to help cover startup costs, in which case your personal investment will usually need to cover 30 to 50% of the total investment. Cash Generator asks for a minimum personal investment of £80,000. Given these higher startup costs, this opportunity is less suitable for first-time franchisees.
Lastly, another option to consider is Zip Yard. Financial support is available for eligible franchisees. See eligibility details on our website.
If you would like to check out more new business investment options in the Retail industry, we currently have 61 available opportunities. Point Franchise currently has a total of close to 250 brands recruiting franchisees across a variety of sectors. Have a look to see which other sectors you might want to invest in.
This page contains machine-generated content provided by LabSense, using data collected from NOMIS and the ONS.