Senior Care Franchise opportunities to start in Newark-on-Trent
What to consider when starting a franchise in Newark-on-Trent
Newark-on-Trent, located in the East Midlands, offers a number of new business investment options, especially if you like working for yourself but not on your own. Learn more about our franchising possibilities here. You might just find the right brand for starting your own business in the Newark and Sherwood area. Start by looking for franchise opportunities in the line of work you are most interested in. This will most likely help you find a brand that sparks your curiosity.
There are an estimated 122,000 people in the Newark and Sherwood area. The majority of the population sits within the 60+ age group. The region has a labour force of 57,000 people, or 77.9% of the total population. The unemployment rate (6%) is high compared to the rest of the United Kingdom. The area's average gross annual income of £28,564 is slightly lower than the average income of £30,629 across the United Kingdom.
The Senior Care sector and its business opportunities
If the idea of running a business in the Senior Care sector appeals to you, check out the 12 brands currently recruiting franchisees in the field. The Personal & Home Care Services sector offers a range of options in addition to those in the Senior Care sector. These include five Baby franchises, 14 Kids & Childrens franchises, 17 Healthcare franchises, nine Nursery franchises and 12 Tutoring franchises. Take a look at the brands available to see which could be your perfect match. If you're keen on the Health Care sector, you may want to consider how many people already work in the sector. In Newark and Sherwood, Health Care companies currently employ 5,000 people.
Read about these three brands to see what franchise opportunities exist
There are many interesting franchising opportunities in the Senior Care sector. Take Home Instead for example, a brand that was first established in 2005. The brand has gained valuable experience and expertise over the past 15 years. It is now firmly rooted in the market, counting 1,200 franchise locations. Opening a Home Instead franchise will require you to invest a minimum of £90,000. At least £30,000 of this should come from your own personal investment. Given these higher startup costs, this opportunity is less suitable for first-time franchisees.
Have a look at Promedica24, another interesting Senior Care franchise. There are 100 outlets open so far, and the network is expanding. To start your own Promedica24 franchise, you will need to invest £40,000, of which at least £1,000 should be your own personal investment. You could get a loan to help cover the remaining startup costs. Given these low startup costs, this opportunity is suitable for both first-time investors and established franchisees. When investing in this franchise, you could be eligible for financial aid.
Finally, Seniors Helping Seniors is another interesting option. The brand's network is made up of 300 franchisees, which increase its exposure. Good to know: you won't need any premises as you can work from home.
If you are thinking about running a franchise business in the Senior Care sector, you might be interested to browse our 12 available brands. But you also have plenty of investment options in other sectors as well, including more than 232 franchising opportunities available on Point Franchise.
This text was automatically generated in partnership with LabSense, using data provided by NOMIS and the ONS.