Starting a business in Cardiff
For those looking to start a franchise in the Wales then this article will explain just why you have made a great decision for your new business. Franchising is a flourishing industry boasting nearly 1,000 brands in a host of different sectors. The industry consistently shows 90% of franchisees reporting profitability. The advantages of owning your own business are obvious but so too are the risks. The franchisee is taking less of a risk than starting his or her own business and less than 4% of franchises fail for commercial reasons.
Why choose Cardiff to run your franchise operation?
Cardiff has all the benefits of a vibrant capital city without the associated costs of setting up in London. As the capital city of Wales there is ready access to all the necessary amenities required for the day to day running of a business. Its facilities are unrivalled whilst being all easily accessible and within walking distance or a short distance from home.
Cardiff may only have less than 400,000 in population size but with a wide range of facilities which attract visitors from across the UK, such as The Millennium Stadium which hosts international rugby and football, to the start of the art Millennium Centre at Cardiff Bay, this city has no shortage of spending tourists.
Cardiff council recently released their annual figures for tourism, and 2017 showed just how popular the Welsh capital is with explorers. Recent figures show 21 million people visited Cardiff, spending a massive £1.3bn, so you can rest easy knowing there is a huge market for your business to flourish.
Like any business, in any sector, it is important that you have good transport links, and Cardiff has no issues here, you are within minutes of the M4 Motorway and under two hours from London by train. Cardiff also boasts an international airport, servicing the needs of 1.4 million passengers to over 20 European destinations.
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Are there suitable areas to run my franchise opportunity?
Cardiff is a fantastic franchise territory as it hosts several business parks and shopping districts capable of hosting a vast array of franchise operations from.
These include within Cardiff;
- The Capitol Shopping Centre - One of the biggest retail centres in Wales. The Capitol Shopping Centre has everything you would want, from premium shopping untis to a large food court coupled in with a cinema and gym.
- Queens Arcade - home to some of the most popular range of brands and shops like the popular franchise Millies Cookies, and a wide range of independent shops and restaurants
- Cardiff Central Market - Impressive Victorian structure offering a unique shopping experience, gone are the wild animals ready for sale, its now full of hungry shoppers that line this magnificent building
- Cardiff Business Park, Pacific Business Park and the Cardiff Gate Business Park - Offering flexible and professional tailor made office space for you and your business
Cardiff has some of the best universities in the country and continues to produce some of the best graduate talent anywhere in the world. So your new business will have a large pool of talented skilled workers on your door step.
Will I receive any support through franchising in Cardiff?
The franchise support and training you will naturally receive from your franchisor is a given, but there is an added benefit of choosing Cardiff as your franchise territory.
Unfortunately, business funding is quite limited in Cardiff but there are still several local business networks and organisations looking to help businesses achieve success:
- The Welsh Government: Networking events, business ‘health checks’ and breakfast lunches to help new and established businesses share advice
- Business Wales: Works directly with the Welsh Government to help start ups make the most of their business and offer support when you need it
- Transmit Funding: Personal finance unsecured up to £25k, although your will need a viable business plan, and proof that money can be made from your franchise
For more franchise opportunities in Cardiff, please click here