Senior Care Franchise opportunities to start in Durham
Durham and its prospects for new Businesses
The franchising possibilities in Durham, located in North East England, are numerous. As a franchisee, you could have the independence of working alone with the support of a team behind you. Stay on this page to find out which brands you could work with in County Durham. Starting a business should be exciting! Have a look at our selection of franchising options, starting with the sectors that you feel most passionate about.
County Durham has an estimated population of 527,000 people. Residents aged over 60 years old make up the prevalent age range within the population. The 5.7% unemployment rate among the 244,900 economically active people in the area is slightly higher than the UK average. Salaries in County Durham average £27,594 a year, while in the United Kingdom the average income is close to £31,000.
Why the Senior Care sector appeals to franchisees
The Senior Care sector currently offers 12 franchise opportunities. If this sector appeals to you, check out our options. This is just one of the sectors you could choose within the Personal & Home Care Services sector. There are also five Gardening & Lawn Care franchises, four Medical franchises, three Funeral franchises, three Plumbing franchises and nine Preschool franchises. Have a look and see if any are a good fit for you. In County Durham, there are currently 23,000 people employed in the Health Care sector, so you would be joining an established business network.
Take a look at these three business examples
Promedica24 operates in the Senior Care sector. The brand is expanding, with 100 locations already in operation, and a desire to expand further. An affordable initial investment of £40,000 will enable you to start your own Promedica24 business. In most cases, your personal investment should represent 30 to 50% of the total amount. Promedica24 requires you to personally invest at least £1,000. You could potentially apply for a loan to cover the remaining costs. Given these low startup costs, this opportunity is suitable for both first-time investors and established franchisees. By investing in this franchise, you may be eligible for financial assistance.
If the Senior Care sector appeals to you, Home Instead is another option you could consider. Initially established in 2005, the brand has acquired valuable experience and expertise over the past 15 years. The brand has grown over time and now operates in 1,200 different locations. This business requires a significant initial investment of £90,000. If you intend to get a loan to cover startup costs, you should anticipate adding a personal investment of 30 to 50% of the total investment as a general rule. The minimal personal investment to open a Home Instead business is £30,000. Given these higher startup costs, this opportunity is less suitable for first-time franchisees.
Lastly, another option to consider is SylvianCare. By joining its network of three franchisees, you could contribute to this brand's success. You will need an initial investment of £62,500 to start your own SylvianCare business. Your personal investment should account for at least £30,000 of the total amount. You may want to think about getting a loan to start a business in this sector. It is thus less appropriate for new investors. When investing in this franchise, you could qualify for financial aid. Visit our website for details.
The Senior Care sector has many successful franchise businesses. We currently have 12 opportunities available in this sector. But you also have plenty of investment options in other sectors as well, including more than 232 franchising opportunities available on Point Franchise.
This page contains machine-generated content provided by LabSense, using data collected from NOMIS and the ONS.