Senior Care Franchise opportunities to start in Stoke-on-Trent
What to know before opening a business in Stoke-on-Trent
If you're thinking about running your own business in Stoke-on-Trent, located in the West Midlands, you should explore franchising options. Several brands are currently recruiting in the Stoke-on-Trent area. As a franchisee you could run your own business while benefitting from comprehensive support. Keep reading to find out if this could be for you. Starting a business should be exciting! Have a look at our range of franchising options, starting with the sectors that you feel most passionate about.
There are an estimated 256,000 people in the Stoke-on-Trent area. The most prevalent age group in the population falls in the 20-39 age bracket. In terms of employment, the region has an economically active population of 120,500 people (75.8%), of which the unemployment rate is 4.3%. This figure is in line with the average unemployment rate across the United Kingdom. Stoke-on-Trent has an average annual salary of £25,185, which is slightly lower than the national average income of £30,629.
Why Senior Care businesses appeal to franchisees
The Senior Care sector currently offers 12 franchise opportunities. If this sector appeals to you, check out our options. The Senior Care sector is just one example of a sector you could invest in. Could your ideal business be among our four Medical franchises, 14 Kids & Childrens franchises, 19 Care franchises, 12 Tutoring franchises and two Wedding franchises available in the Personal & Home Care Services sector? Have a look to find out. Many companies in Stoke-on-Trent already operate in the Health Care sector, which employs 25,000 people. You would become a part of a well-established business community.
Three brands worth your attention
The Senior Care sector offers a variety of brands to choose from, including Home Instead. Launched in 2005, the brand has gained valuable experience and expertise over the past 15 years. A network of 1,200 franchisees promotes the brand's exposure. A total of £90,000, a substantial initial investment, is required to start a Home Instead franchise. You might want to consider getting a loan to cover the startup costs, in which case at least £30,000 of the total investment should come from your personal funds. Given these higher startup costs, this is an opportunity best suited for most established franchisees with greater access to financial resources.
SylvianCare is another interesting franchising opportunity if you plan to invest in the Senior Care sector. By joining its current three franchisees, you would be joining a growing brand network. An initial investment of £62,500 will enable you to start your own SylvianCare business. In most cases, your personal investment should represent 30 to 50% of the total amount. SylvianCare requires you to personally invest at least £30,000. You could potentially apply for a loan to cover the remaining costs. Given these higher startup costs, this is an opportunity best suited for most established franchisees with greater access to financial resources. Also, if you can't cover the startup costs alone, you may be able to benefit from financial aid.
As a final Senior Care franchise option, take a look at Seniors Helping Seniors. The brand operates in 300 franchise locations which make up a strong business community. Good to know: you won't need any premises as you can work from home. Financial assistance is available for eligible franchisees. See our website for details.
The Senior Care sector currently offers 12 investment opportunities. You will find a total of almost 250 franchise options on Point Franchise. So if you are still looking for the perfect investment opportunity, there are still plenty of options for you to explore.
This text was automatically generated in partnership with LabSense, using data collected from NOMIS and the ONS.