Senior Care Franchise opportunities to start in Chesterfield
What to know before starting a franchise in Chesterfield
Located in the East Midlands, Chesterfield 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 possibilities in Chesterfield and take the first step towards managing your own business. Explore our extensive possibilities in order to find the right brand for you, and you'll be one step closer to opening your own business.
According to recent census data, there are 105,000 people in Chesterfield. The majority of residents are aged 40 to 59 years old. The community has a 7.9% unemployment rate, which is slightly higher than the UK average of 4%. There are 47,300 economically active people in the region, representing 72.3% of the total population. Residents of Chesterfield have an annual average income of £26,339. In comparison, the average gross salary in the United Kingdom is just over £30,500.
Running a Senior Care franchise business
There are currently 12 opportunities to invest in the Senior Care sector. If you would like to operate a business in this field, keep reading. There are also 14 Kids & Childrens franchises, nine Home Care franchises, 19 Care franchises, five Drainage franchises and three Funeral franchises recruiting franchisees in the Personal & Home Care Services sector, alongside the Senior Care options. Have a look to find out whether any fit your career goals and aspirations.
Have a look at three franchise business examples
SylvianCare operates in the Senior Care sector. The brand is developing, with three outlets already in operation, and a desire to expand further. This business requires an initial investment of £62,500. If you plan on getting 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 start a SylvianCare business is £30,000. Due to the higher startup costs, this option is not advisable for first-time franchisees.
Promedica24 is another successful brand operating in the Senior Care sector. This brand is expanding, counting 100 locations across the UK. A total of £40,000, a reasonable initial investment, is required to start a Promedica24 franchise. You might want to consider getting a loan to cover the startup costs, in which case at least £1,000 of the total investment should come from your personal funds. 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. Eligible candidates may apply for financial aid. See eligibility details on our website.
Lastly, Home Instead, open since 2005, is another interesting option. The brand has grown over time and now runs in 1,200 different locations. The company now has 15 years of experience, making it a leader in the sector. You will need to invest £90,000 to start operating your own Home Instead business, which is a significant initial investment. Your personal investment should account for at least £30,000 of the total amount. Given these higher startup costs, this is an opportunity best suited for most established franchisees with greater access to financial resources.
If you would like to have a look at more new business investment options in the Senior Care sector, we currently have 12 available opportunities. At Point Franchise, we are proud to offer almost 250 franchise options across various sectors, helping you find the perfect investment opportunities for you.
This text was automatically generated in partnership with LabSense, using data provided by NOMIS and the ONS.