The size of the UK furniture industry is considerable, and it’s on the increase. Government statistics from 2016 state that there are over 8,000 furniture-related companies across the country that contribute £11.3 billion to the UK’s GDP - a rise of 7.6% from 2015.
By far the sector that contributes the most to this figure is manufacturing with £8.4 billion, which equates to 1.6% of overall manufacturing output. More than 250,000 jobs are dependent on the success of the industry, with nearly half of these jobs in manufacturing alone.
It's a great time to become a franchisee in this growing industry, and with consumer spending on furniture reaching £16.7 billion in 2016, it’s a profitable career choice too.
Furniture franchise opportunities
If you are interested in interior design, have an eye for quality furniture, and dream of running your own business, then one of these well-established and reputable furniture franchises could be for you.
The first BoConcept store was opened in Paris back in 1993 by two Danish craftsmen. Unsurprisingly, this international brand now has over 265 stores in 65 countries around the world. The original goal to make quality, attractive, functional and good value furniture still lives on today.
Opening a franchise with BoConcept requires you to have a sound knowledge of business ownership or previous management experience. A background in the furniture industry is preferable but more important is that you have a passion for furniture design and style. From a financial perspective, you’ll need to be in a position to invest ₤500,000, with a personal contribution of between 20-30%.
This is one of the best franchises to buy for ambitious entrepreneurs who have a desire to grow their franchise portfolio. As a BoConcept franchisee, you'll be expected to open between one and five stores within a specific geographical area over an agreed period. So, if you're creative, motivated and have sufficient capital, this could be the perfect furniture franchise for you.
This is a high-end furniture retailer that offers customers a chance to fill their homes with stylish designs which embody the Gautier culture. Established in France in 1960, the brand is now globally recognised with a presence in 65 countries around the world.
This is one of the best franchises to buy for entrepreneurs who have an eye for design and a passion for selling. To become a Gautier franchisee, you'll have to invest approximately £170,000, with a recommended personal contribution of £87,000.
In return for your investment, you’ll receive comprehensive training to gain a full understanding of the products and their quality. You’ll also get support for the launch of your store, a prepared marketing plan, and the necessary software required to operate your business successfully.
Furniture franchise opportunities with a difference
If you’ve got your heart set on opening a franchise within the furniture industry, but you haven't got the budget or the desire to own a retail business, here are some attractive alternatives for you to consider.
Inleaf is a furniture franchise that stands apart from the rest. This new and unique brand install and maintain plant displays to make spaces healthier and more attractive. With businesses offices, hotels, restaurants, and sometimes homes, appreciating the benefits of interior landscaping, this is a growing franchise with big ambitions.
If you’ve got an interest in plant decoration, you have excellent people skills, and you’re driven to succeed, then Inleaf could be the opportunity for you. Experience of horticulture is desirable but not essential. You’ll be required to invest a minimum of £30,225 plus VAT which covers the equipment and stock you need to get your business up and running.
Local Appliance Rentals
Furniture franchises come in all shapes and sizes, and this is true of Local Appliance Rentals that specialise in renting out electronic equipment and furniture. Opening a franchise with Local Appliance Rentals will see you provide an affordable, debt-free way for UK households to acquire high ticket items for their home which they desperately need.
And the demand in the rental market is high. Since it was established, Local Appliance Rentals have developed a global network of 150 franchisees, some with rental books worth over £250,000.
So, what does it take to succeed in this growing market? Well, no previous experience in the furniture industry is required, but you do need to have energy, passion, and a desire to grow your franchise into a successful business. You’ll need to invest a minimum of £50,000 with the total start-up cost amounting to approximately £70,000. There’s no need to find any business premises as this is a home-based opportunity. Low overheads equate to high profits making this one of the most affordable, fastest growing hire franchises around.
Leather furniture is highly desirable but can be very expensive too. This is why demand for the services of Furniture Clinic franchisees is on the increase. As a franchisee, you’ll be trained how to both repair leather furniture as well as how to build and maintain a profitable business. This is why Furniture Clinic is one of the best franchises to buy for franchisees who want to get their hands dirty and learn a new trade.
And it's not just households who need leather furniture repair. Opportunities are also available in the automotive, marine, aviation, equestrian, fashion and hospitality industries. This opens up several different income streams which can help you generate increased leads and grow your business rapidly.
Furniture Clinic also encourages franchisees to develop their businesses at their own pace. With a scalable business model, you’ll have the flexibility to expand as much or as little as you choose. You can remain as a one-person, mobile repair service or grow by recruiting additional employees, workshop space and extra vehicles to take advantages of the many opportunities within the territory you’ve been granted.
For ambitious franchisees, you can also choose to buy a franchise in another territory to give you access to additional customers and grow your business as a multi-unit franchisee.
The Editorial Team, Point Franchise ©