Do you reside in the U.K and you are interested in starting a business in London, UK? Are you searching for the best franchise opportunities in London, UK? Then below are the top small business opportunities in London, UK.
London is one of the most attractive cities to do business in the world. It is the capital of both England and U.K. In fact, London is the world’s leading financial centre and offers a lot of business opportunities in sectors such as arts, commerce, education, entertainment, fashion, finance, healthcare, media, professional services, research and development, tourism and transport.
In a recent survey carried out by the Confederation of British Industry, it was estimated that 90% of business owners rate London as a very fertile city for business. The rate of business success in London is not unconnected to its good infrastructure, cultural diversity, and peaceful environment.
Now there are a lot of businesses you can do in London ranging from Franchise business opportunities to small scale startups (businesses for sale). It doesn’t even matter if you have little capital to invest. There are businesses that you can even start without capital. The key is to understand how and where to invest your money. Some of the hot and trending businesses that you can do in London include-:
Top 20 Small Business Investment Opportunities in London for 2020
London is a very busy place and after a hard day’s job, people love to relax and unwind. Of course, starting a brewery will cost you a lot of money but you can start a microbrewery from home; where you can produce your own beer which you would sell within your own pub or restaurant.
2. Personal Trainer
If you are good at any skill or art, you can become a personal trainer. For instance, you can become a personal fitness trainer or a musical instrument trainer. You can even become a dance or choreography trainer.
Due to the economic recession, a lot of companies have had to reduce its workforce and resorted to hiring virtual assistants who would work from their own homes/office on a part-time or full-time basis.
Virtual assistants are often considered a cheaper option because they do not have to be paid several benefits like health insurance, pension etc compared to full time workers. To become a virtual assistant, all you need is a computer and a means of getting good clients.
It is estimated that more than 50% of London residents do not cook at home but this people have to eat or they won’t have the strength to go about their businesses.
This simply means that more than half of London residents eat out. Well, that’s good news for you because it means that there is a high demand for fast foods which means that you stand to make good money if you start a mobile catering business where you take cooked meals to business districts and busy areas and sell them to people.
5. Regional co-working
Co-working was named as one of the hottest businesses for 2014. Co-working is one of the businesses that came up as a result of the economic recession. Co-working is almost similar to freelancing but slightly different.
As a co-worker, you will gather some of your friends or interested individuals and rent an office space together. Each one of you will be involved in a separate but inter-related business. For instance, a group of accountants can come together with each one offering a different service. There can be a tax consultant, an investment accountant, etc. The whole point is to reduce costs and attract more clients.
6. Tea Shop
Well, the British love their tea. Tea is like the national drink of the British and if you are searching for that low-capital business to start in London, then you have the answer; a tea shop! If you have the capital, then you can consider buying a franchise.
7. Independent BYOD consultant
BYOD is an acronym for Bring your own device. It is a term that refers to allowing employees bring their own gadgets and tools to work such as computers, mobile phones and internet connectivity devices. This is a growing trend in many companies in the world but it is received with mixed feelings. While some think it helps to boost employee morale and performance, some are of the opinion that it increases risks and security threats.
You can seize this opportunity and become a BYOD consultant to companies and help them reduce the risks and threats that come with the introduction of the BYOD system to companies.
This is also listed as one of the top businesses for 2014. This is a kind of facility that cares for the aged and elderly.
This is not your regular kind of old people’s home but a better, well-equipped facility in a conducive environment with access to a lot of modern facilities like sporting facilities, spa, medical facilities and well trained staff. It would cost you between £300,000 and £2,000,000 to start this kind of business.
9. Beauty Spa
Londoners are not all about work and no play. They also love to relax and get pampered too. You can start your own London spa where people can get massages, skin treatments and get to relax during the week or at weekends.
10. Data Analytics
With the number of companies in London, you cannot go wrong with setting up a data analytics company because companies rely on data to make a lot of business decisions.
More Small Business Investment Opportunities in London
11. Chiropractic Services
If you would prefer to start a health care based business, you can start a chiropractic business that would help treat musculoskeletal and nervous system disorders such as back pain, joint pain, headaches or joint pain. However, to start this kind of business, you would need some kind of professional training.
12. Cleaning services
London is a very busy city and the residents of London are busy. However, there is still the need and desire to live in a clean environment. A lot of residents hire cleaners to clean out their homes few times in a week. You can start a commercial cleaning or residential cleaning business with less than £300.
13. Cab Service
Thousands of people visit London for different reasons daily; some for business, while others for holiday. You can start a cab service to help move people around from one place to another especially around airport areas.
14. Real Estate
Everybody needs a roof over their head and you stand to make good profit from developing buildings and offering them up for rent or for sale.
15. Newspaper Supply
Newspaper supply is in the list of low-cost businesses that you can start in London. All you have to do is to supply daily newspapers to people’s homes and offices for a fee.
One other thing the English love is their football. You can start a pub for fans of a particular football club where they can come and hang out, watch their team play and discuss while enjoying their favorite drink.
Almost everyone is in need of one type of financial assistance or the other whether it is insurance, taxes, investments, mortgages or savings. You can become a financial consultant and offer advice to people who need guidance and assistance with their finances and earn commissions from the services you render.
18. Motorcycle + Bicycle Sales and Repairs
London has one of the worst traffic in the world and a lot of people prefer to use their bicycles or motorcycles to move about as a way to beat traffic.
Food, shelter and clothing. Those are the three basic things that human beings cannot do without. The residents of London are not left out too. You can start a boutique where you will sell high quality clothing items to the highly fashionable residents of London.
20. Tour Guide-: You can also become a tour guide to tourists who are in London on holiday.