Retail Franchise opportunities to start in Melton Mowbray
What to consider when opening a franchise in Melton Mowbray
If you want to start a business in Melton Mowbray, working for yourself but not on your own, then check out our franchising opportunities in the East Midlands. On this page, you will find a variety of brands to choose from for becoming a franchisee in the Melton area and across the UK. By browsing the sectors that appeal to you the most, you will find the brands that best suit your interests and business goals.
According to recent census data, there are 51,000 people in Melton. Residents aged 40 to 59 years old make up the prevalent age range in the population. In the UK, the average gross income is just over £30,500; in the Melton area, it is £24,791.
The High Street Shops sector: An interesting opportunity for franchisees
Are you interested in the High Street Shops sector? You're likely to find a franchise worth considering among 19 brands in the United Kingdom. You will find many business opportunities in the Retail sector, including those in the High Street Shops sector. Other possibilities include two Music Shop franchises, 19 Retail franchises, three Fashion franchises, four Printing franchises and two Cosmetic franchises. There might be one worth considering among them.
Three franchise business examples
Card Group is an interesting franchise that has been operating in the High Street Shops sector since 1997. The company now has 23 years of experience, making it a leader in the sector. With a vast network of 1,500 outlets, the brand knows how to support its franchisees. Opening a Card Group franchise will require you to invest a minimum of £60,000. At least £40,000 of this should come from your own personal investment. Due to the higher startup costs, this option is not recommended for first-time franchisees.
BoConcept is an interesting franchising opportunity in the High Street Shops sector. First launched in 1993, BoConcept has proved itself to be a successful business and leader in the field in its 27 years since opening. The brand's network is important, counting 250 locations across the United Kingdom. A significant initial investment of £500,000 will enable you to start your own BoConcept business. In most cases, your personal investment should represent 30 to 50% of the total amount. BoConcept requires you to personally invest at least £100,000. You could potentially get a loan to cover the remaining costs. It is thus less appropriate for new investors.
Lastly, Nicholas Humphreys Estate Agent is another attractive brand operating in the High Street Shops sector. The first franchise opened in 1999. Nicholas Humphreys Estate Agent now has over 21 years of experience under its belt. To start your business, you will need an initial investment of £31,200. If you plan on getting a loan to cover the costs of opening a franchise, a personal investment of 30 to 50% of the total amount will typically be required. For Nicholas Humphreys Estate Agent, the minimum personal investment is £15,000. Given these low startup costs, this option could be suitable for first-time franchisees. Also, if you can't afford the startup costs on your own, you may qualify for financial support. See our website for details.
There are 19 franchises waiting to be discovered in the High Street Shops sector. With close to 250 franchising opportunities to choose from across various sectors, you have a good chance of finding a brand that meets your needs on Point Franchise.
Data on this page was collected from NOMIS and the ONS. This content was machine-generated in partnership with LabSense.