Many independent retailers from across the country will have ambitions to open up premises in the capital due to the size and diversity of the market that exists. The statistics show that the amount of people who are opting to open up their own shops has been on this rise (https://bira.co.uk/growth-independent-stores-2017-compared-2016/), while many more established brands have been seen to be struggling. The BBC reported that M&S is the latest in a long line of retailers to wind in top-heavy operations (http://www.bbc.co.uk/news/business-44197128).
This presents a strong opportunity for those single store operations who are looking to fill the spaces on the high-street that many of these bigger companies are opening up. A few years ago there was a furor in the London borough of Camden when the Cereal Killer Café (http://www.cerealkillercafe.co.uk/) opened its doors to breakfast enthusiasts across the city. Now places like Shoreditch, Hoxton, and Camden are full of retailers satisfying a particular niche.
If you’re thinking about moving a business idea into this area, you’ll need to set up to the standards of law as defined by the government (https://www.gov.uk/set-up-business) and ensure you have an appropriate retail policy (https://www.axa.co.uk/insurance/business/shop-and-retail/) to protect your business in the event of something going wrong.
If we look at the types of businesses that are opening their doors on London high streets, we can see that there are more vintage clothes shops, vegan cafes, juice bars, and vape shops. This is where the demand is, based on the current needs of the consumer. If you’re able to find a type of business that has a strong audience potential, you’ll be destined for success in London.