Senior Care Franchise opportunities to start in Coventry
Coventry could be home to your new business
Franchising is a great way to start your own business, while benefitting from the comprehensive support of an established brand. Have a look at our selection of brands in Coventry, located in the Coventry area in the West Midlands, where many businesses are currently recruiting. Start by looking for franchise options in the line of work you are most interested in. This will most likely help you find a brand that sparks your curiosity.
Approximately 367,000 people currently live in Coventry. Residents aged 20 to 39 years old are the most represented within the population. The area has 189,500 economically active people, representing 77.2% of the population, with an unemployment rate of 5.4%. This rate is slightly higher than the country's 4% national average. The region's average gross annual income of £27,799 is slightly lower than the average income of close to £31,000 across the UK.
The Senior Care sector: An interesting opportunity for franchisees
If you're interested in becoming a franchisee in the Senior Care sector, take a look at our 12 franchise opportunities currently available in the sector. Numerous brands offer franchise options in other sectors within the Personal & Home Care Services sector. For instance, there are 11 Handyman franchises, 19 Care franchises, 18 Child Care franchises, two Electrical franchises and three Plumbing franchises. You'll find options to suit all kinds of career goals and aspirations. Many companies in Coventry already work in the Health Care sector, which employs 21,000 people. You would become a part of a well-established business community.
Take a look at three franchise business examples
The Senior Care sector has many franchise options available, such as Home Instead, which opened in 2005. The brand is now mature and a leader within the sector, having expanded its franchise network for 15 years. The brand has grown over time and now runs in 1,200 different 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. Due to the higher startup costs, this option is not recommended for first-time franchisees.
Promedica24 is another interesting franchise option if you plan to invest in the Senior Care sector. This brand is developing, counting 100 locations in the United Kingdom. This business opportunity requires a reasonable initial investment of £40,000. You could get a loan to help cover startup costs, in which case your personal investment will generally need to cover 30 to 50% of the total investment. Promedica24 requires a minimum personal investment of £1,000. These relatively low startup costs make it a good option to pursue for first-time franchisees. If you can't cover the startup costs on your own, you could see if you qualify for financial aid.
Finally, SylvianCare is another interesting option. 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 open a business in this sector. It is thus less appropriate for new investors.
The Senior Care sector currently has 12 new business investment opportunities. If this sector doesn't suit your needs, don't worry. Point Franchise offers 236 franchise options across a range of sectors to help you find your perfect investment opportunity.
This text was automatically generated in partnership with LabSense, using data provided by NOMIS and the ONS.