Retail & Stores Franchise opportunities to start in Bedford
Starting a new business in Bedford
You could start your own business by becoming a franchisee in Bedford. There are a number of possibilities to choose from in Bedford, located in the East of England. Take a look at our range of brands and start managing your own business with a team behind you. Explore our extensive possibilities in order to find the right franchise for you, and you'll be one step closer to starting your own business.
There are an estimated 172,000 people in the Bedford area. Residents aged 40 to 59 years old have the highest concentration within the population. The local unemployment rate of 3.4% among 84,500 economically active people, or 79.6% of the population, is lower than the average in the UK. Bedford has an average annual salary of £30,715. This salary is in line with the rest of the United Kingdom, which has an average income of £30,629.
Why open a business in the Retail industry?
There are 61 brands offering franchise options in the Retail industry. Have a browse through our three E Cigarette franchises, three Toy Store franchises, three Craft franchises, four Tool franchises and four Printing franchises to find out if any suit your career goals and aspirations. If you want to run a business in the Retail industry, it could be useful to know that companies in the sector currently employ 7,000 people in the Bedford area.
Want to know more? Read about these three brands
The London Vape Company is a competitive franchise that has been operating in the Retail industry since 2014. The brand is developing quickly, with five locations currently in operation, and a desire to expand further. Opening a London Vape Company business requires an initial investment of £60,000. If you intend to get a loan to cover the startup costs, The London Vape Company asks for a personal investment of at least £30,000. For most franchises, this amount represents 30 to 50% of the total investment. Given these higher startup costs, this opportunity is less suitable for first-time franchisees. A small premises will also be required to operate this business. If you can't afford the startup costs on your own, you may qualify for financial aid.
Another interesting franchise option is Minuteman Press. The brand's network is significant, counting 975 outlets in the UK. You will need to invest £50,000 to start your own Minuteman Press business. At least £25,000 of this affordable amount should come from your own personal investment. Given these low startup costs, this option could be suitable for first-time franchisees. Also, if you can't cover the startup costs alone, you may be entitled to financial assistance. See eligibility details on our website.
Lastly, another opportunity worth considering is Cash Generator. First launched in 1997, Cash Generator now has over 23 years of experience under its belt. The brand's network is made up of 700 franchisees, which promote its exposure. You will need an initial investment of £240,000 to start your own Cash Generator business. Your personal investment should account for at least £80,000 of the total amount. You may want to consider getting a loan to start a business in this sector. The higher startup costs make this an opportunity best suited for most established franchisees with greater access to financial resources.
If you would like to have a look at more franchising options in the Retail industry, we currently have 61 available opportunities. If you are still not sure which sector best suits your needs, have a look through our selection of almost 250 new business investment opportunities across various sectors on Point Franchise.
Data on this page was provided by NOMIS and the ONS. This content was machine-generated in partnership with LabSense.