Page 2 - Retail Stores Franchise Opportunities Hemel-Hempstead

Hemel Hempstead: A great location to start a business

Are you considering opening a franchise? Hemel Hempstead, in the East of England, could have a lot to offer. By becoming a franchisee, you could benefit from training and marketing support from an established brand while managing your own business. Take a look at the brands currently recruiting in Dacorum. Explore our different franchising options to discover the sectors and brands that most appeal to you.

Approximately 154,000 people currently live in Dacorum. The 40-59 age group is the most represented within the population. Approximately 78,200 people are economically active in the region, representing 82.8% of the population. The unemployment rate (2.9%) is very low compared to the national average (4%). Across the United Kingdom, the average gross income is close to ?31,000. In the Dacorum area, it is ?32,443.

The Retail industry: An interesting opportunity for franchisees

There are 61 UK-based franchises available in the Retail industry. With three Fashion franchises, four Tool franchises, three Craft franchises, three Toy Store franchises and two Music Shop franchises, this field has great potential for exciting investment opportunities. See if there's a brand to suit your goals and interests. Opening a business is not a simple feat, but becoming a franchisee makes running your own business much more feasible. The Dacorum region offers plenty of opportunities for starting a new and exciting business venture of your own. The Retail industry is a busy one in the region, already employing 7,000 people. So, what is stopping you from starting your own business in Dacorum today?

Three brands worth your attention

If you would like to invest in a Retail business, you could consider Snap-on. Opening a Snap-on franchise will require you to invest a minimum of ?110,143. At least ?24,143 of this should come from your own personal investment. These low startup costs make it a good option to pursue for first-time franchisees.

If the Retail industry appeals to you, Cash Generator is another option you could have a look at. First established in 1997, the company is now mature and a leader within the sector, having developed its franchise network for 23 years. The brand has a strong network and good visibility, operating in 700 franchise outlets. Opening a Cash Generator business requires a substantial initial investment of ?240,000. If you plan on getting a loan to cover the startup costs, Cash Generator asks for a personal investment of at least ?80,000. For most franchises, this amount represents 30 to 50% of the total investment. It is thus less appropriate for new investors.

Finally, another interesting franchise option is Mac Tools, which has been operating since 2011. The brand operates in 170 franchise locations which make up a well-established business community. This business opportunity requires a reasonable initial investment of ?50,000. You could get a loan to help cover startup costs, in which case your personal investment will generally need to cover 30 to 50% of the total investment. Mac Tools requires a minimum personal investment of ?5,000. These relatively low startup costs make it a good option to pursue for first-time franchisees.

Eager to read more about business opportunities in the Retail industry? Check out our 61 available options. Whether you've already decided to invest or are still weighing your options, it's worth looking at different sectors. At Point Franchise, we have a total of almost 250 franchising opportunities to help you find the right fit.