Senior Care Franchise opportunities to start in Newcastle upon Tyne
What can Newcastle upon Tyne offer to new businesses?
Newcastle upon Tyne, located in North East England, currently offers many franchising opportunities. As a franchisee, you could run your own business while receiving expert training and support from an established brand. Keep reading to explore the options in the Newcastle upon Tyne area. With your interests and career goals in mind, have a look at our selection of new business investment options.
Recent figures show that Newcastle upon Tyne has a population of 300,000 residents. The age group with the highest concentration is 20-39. The community has 141,500 economically active people, representing 70.9% of the population, with an unemployment rate of 5.2%. This rate is slightly higher than the country's 4% national average. Newcastle upon Tyne has an average annual income of £29,204, which is in line with the national average salary of close to £31,000.
The Senior Care sector could be the right choice for you
There are 12 franchises in the Senior Care sector to choose from. The Personal & Home Care Services sector offers a range of options in addition to those in the Senior Care sector. These include two Wedding franchises, five Drainage franchises, five Gardening & Lawn Care franchises, two Electrical franchises and five Baby franchises. Have a look at the brands available to find out which could be your perfect match. You may be interested to know that companies in the Newcastle upon Tyne area currently employ 33,000 people in the Health Care sector.
Three franchise business examples worth looking at
Seniors Helping Seniors is a competitive business operating in the Senior Care sector. Good to know: you won't need any premises as you can work from home. By investing in this franchise, you may qualify for financial assistance.
Check out Home Instead. Opened in 2005, the brand is now mature and a leader within the sector, having grown its franchise network for 15 years. It is now firmly rooted in the market, counting 1,200 franchise locations. To start your business, you will need an initial investment of £90,000. If you intend to get a loan to cover the costs of opening a franchise, a personal investment of 30 to 50% of the total amount will typically be required. For Home Instead, the minimum personal investment is £30,000. Given these higher startup costs, this opportunity is less suitable for first-time franchisees.
Finally, Promedica24 could be another good option for you to invest in. By joining its network of 100 franchisees, you could play a part in this brand's success. You will need to invest £40,000 to begin running your own Promedica24 business, which is an affordable initial investment. Your personal investment should account for at least £1,000 of the total amount. These low startup costs make it a good option to pursue for first-time franchisees. If you can't afford the startup costs on your own, you may be eligible for financial aid. Visit our website for details.
Eager to read more about business opportunities in the Senior Care sector? Explore our 12 available options. If you are still not sure which sector best suits your needs, have a look through our range of almost 250 franchising opportunities across various sectors on Point Franchise.
This text was automatically generated in partnership with LabSense, using data collected from NOMIS and the ONS.