Senior Care Franchise opportunities to start in Hereford
What can Hereford offer to new businesses?
Hereford, located in the West Midlands, currently offers many franchising opportunities. As a franchisee, you could manage your own business while receiving expert training and support from an established brand. Keep reading to explore the options in the Herefordshire area. Explore our sectors and brands to find your best options among many franchising opportunities, keeping in mind your personal interests and business objectives.
There are an estimated 192,000 people living in the Herefordshire area. Residents aged over 60 years old are the most represented within the population. The 2.5% unemployment rate among 93,100 economically active people in the region is significantly lower than the national average. The local income averages £25,778 per year, which is slightly lower than the close to £31,000 average salary in the United Kingdom as a whole.
What the Senior Care sector could offer you
If you wish to open a business in the Senior Care sector, have a look at our 12 brands currently recruiting franchisees in the field. The Senior Care sector is a part of the Personal & Home Care Services sector. Other brands recruiting in this industry include 12 Tutoring franchises, two Security franchises, two AC franchises, two Electrical franchises and 17 Education franchises. Among these franchising opportunities, there will likely be one that fits your career goals and aspirations.
Three franchise business examples worth looking at
Seniors Helping Seniors is a competitive business operating in the Senior Care sector. The brand runs in 300 franchise locations which make up a well-established business network. Good to know: you won't need any premises as you can work from home. Also, if you can't cover the startup costs alone, you may be entitled to financial aid.
Home Instead is another successful business that has been operating in the Senior Care sector since 2005. Home Instead has proved itself to be a successful business and leader in the sector in its 15 years since opening. A network of 1,200 franchisees promotes the brand's visibility. You will need to invest £90,000 to begin operating your own Home Instead business, which is a substantial initial investment. Your personal investment should account for at least £30,000 of the total amount. Due to the higher startup costs, this option is not recommended for first-time franchisees.
Lastly, Promedica24 could be another good option for you to invest in. By joining its 100 franchises already in operation, you could contribute to this company's expansion. This business requires a reasonable initial investment of £40,000. 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 open a Promedica24 business is £1,000. 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. Financial support is available for eligible franchisees. Visit our website for more information.
If you are interested in the Senior Care sector and would like to learn more about its available franchising options, explore the 12 companies currently recruiting franchisees in the sector. Plus, with 236 alternative franchising options available across various sectors, Point Franchise offers plenty of choice to find the right brand for you.
This page contains machine-generated content provided by LabSense, using data collected from NOMIS and the ONS.