Car & Automotive Franchise opportunities to start in Torquay
Why should you invest in Torquay?
Located in South West England, Torquay is an area with business opportunities on the rise. If working as your own boss with a team behind you sounds appealing, take a look at our franchising opportunities in Torbay and take the first step towards managing your own business. Exploring our selection of brands and sectors will allow you to pinpoint the type of business that is right for you.
There are an estimated 136,000 people in the Torbay area. The 60+ age range has the highest concentration within the population. The 4.1% unemployment rate among 59,400 economically active people in the region is in line with the national average. Residents in the area earn £23,343 per year on average. This income is lower than the national average gross salary, which reaches £30,629.
The Automotive sector could be the right choice for you
There are 27 brands offering franchise options in the Automotive sector. Available franchises include two Taxi franchises, eight Garage & Car Repair franchises, three Car Wash franchises, three Tyre franchises and 10 Car franchises. The right business to suit your career goals and aspirations might just be among them.
Three franchises that could interest you
The Wheel Specialist is an interesting business operating in the Automotive sector. This business opportunity requires a substantial initial investment of £160,000. You could get a loan to help cover startup costs, in which case your personal investment will typically need to cover 30 to 50% of the total investment. The Wheel Specialist asks for a minimum personal investment of £60,000. Due to the higher startup costs, this option is not advisable for first-time franchisees. You will also need to invest in a small premises to operate this business. An investment in this franchise entitles you to financial assistance, if eligible. Visit our website for details.
Hometyre is another successful business operating in the Automotive sector. Starting a Hometyre business requires a reasonable initial investment of £40,000. If you plan on getting a loan to cover the startup costs, Hometyre asks for a personal investment of at least £20,000. 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.
Lastly, another option worth considering is Autoglym, a brand that has been in business since 1996. The company is now mature and a leader within the sector, having grown its franchise network for 24 years. By joining its current 65 franchisees, you would be joining a growing brand network. An initial investment of £50,000 will allow you to open your own Autoglym business. Due to the higher startup costs, this option is not advisable for first-time franchisees.
There are currently 27 new business investment opportunities available in the Automotive industry. At Point Franchise, we are proud to offer close to 250 franchise options across different sectors, helping you find the perfect business opportunities for you.
This page contains machine-generated content provided by LabSense, using data collected from NOMIS and the ONS.