Car & Automotive Franchise opportunities to start in Coalville
Why should you invest in Coalville?
Are you thinking about opening a franchise? Coalville, in the East Midlands, could have a lot to offer. By becoming a franchisee, you could receive training and marketing support from an established brand while running your own business. Take a look at the brands currently recruiting in North West Leicestershire. Explore our extensive possibilities in order to find the right brand for you, and you'll be one step closer to starting your own business.
The population of North West Leicestershire is made up of 102,000 residents. When broken down by age group, the 40-59 age range is the most prevalent in the population. The region has a 6.2% unemployment rate, which is slightly higher than the national average of 4%. Overall, the region's economically active population consists of 48,100 people or 76.3% of the total population. The annual income in the United Kingdom is £30,629 on average. The people of North West Leicestershire earn an average annual salary of £28,742, slightly lower than the national average.
Why the Automotive industry appeals to franchisees
There are 27 UK-based franchises available in the Automotive sector. Among the business opportunities in this sector, there are two Taxi franchises, 10 Car franchises, eight Garage & Car Repair franchises, three Car Wash franchises and three Tyre franchises. There might be one worth considering among them.
Three franchise businesses worth reading about
If you're interested in the Automotive industry, check out Autoglym, a brand that opened in 1996. The company is now mature and a leader within the sector, having grown its franchise community for 24 years. By joining its 65 franchises already in operation, you could contribute to this brand's expansion. To start your own Autoglym business, you will need an initial investment of £50,000. Due to the higher startup costs, this option is not recommended for first-time franchisees.
Another option worth considering is Hometyre. You will need an initial investment of £40,000 to open your own Hometyre business. Your personal investment should account for at least £20,000 of the total amount. You may want to consider getting a loan to open a business in this sector. Given these low startup costs, this option could be suitable for first-time franchisees.
Lastly, if the Automotive industry appeals to you, Revive! Auto Innovations is another option you could have a look at. There are 60 locations open so far, and the network is expanding. Opening a Revive! Auto Innovations business requires an affordable initial investment of £32,000. If you plan on getting a loan to cover the startup costs, Revive! Auto Innovations asks for a personal investment of at least £14,000. For most franchises, this amount represents 30 to 50% of the total investment. Whether you're an established franchisee or a first-time investor, the low startup costs mean that this could be a good option for you. You could also benefit from financial aid, if eligible. See our website for details.
If you are interested in the Automotive industry and would like to discover more franchising options, check out the 27 brands available in this sector. On Point Franchise, there is plenty of choice in other sectors too. We have almost 250 new business investment opportunities in total to choose from.
NOMIS and the ONS provided the data shown on this page. This text was automatically generated by LabSense.