Senior Care Franchise opportunities to start in Wokingham
What can Wokingham offer to new businesses?
Wokingham, located in the South East of England, currently offers many franchising opportunities. As a franchisee, you could run your own business while receiving expert training and support from an established brand. Keep reading to explore the options in the Wokingham area. Why not have a look through our selection of franchising options? There are opportunities to suit various needs and business objectives.
Wokingham has a population of approximately 168,000 people. The most prevalent age group in the population is 40 to 59 years old. The area has a 1.9% unemployment rate, which is significantly lower than the national average of 4%. Overall, the region's economically active population consists of 83,400 people or 82.7% of the total population. The gross annual salary in Wokingham amounts to £39,411, which is significantly higher than the national average of close to £31,000.
Investment options in the Senior Care sector
There are 12 UK-based franchises available in the Senior Care sector. The Personal & Home Care Services sector offers a variety of options in addition to those in the Senior Care sector. These include 18 Child Care franchises, two Electrical franchises, 14 Kids & Childrens franchises, 17 Healthcare franchises and 17 Education franchises. Have a look at the brands available to find out which could be your perfect match. If you are thinking about starting a business in Health Care, Wokingham could be a good place to do it. Indeed, 7,000 people have already made the decision to work in this field in the Wokingham area.
Take a look at three franchise business examples
If you are interested in opening a business in the Senior Care sector, SylvianCare could be an option for you. By joining its current three franchisees, you would be joining a growing brand network. You will need to invest £62,500 to start operating your own SylvianCare business. Your personal investment should account for at least £30,000 of the total amount. The higher startup costs make this an opportunity best suited for most established franchisees with greater access to financial resources. Eligible candidates may apply for financial assistance.
You could also consider Seniors Helping Seniors. The brand's network is made up of 300 franchisees, which enhance its exposure. Good to know: you won't need any premises as you can work from home. By investing in this established brand, you could qualify for financial aid. See our website for more information.
Lastly, another possibility to consider is Home Instead. The brand was first established in 2005. Home Instead now has over 15 years of experience under its belt. Franchisees benefit from this company's wide network, which operates across 1,200 franchise locations. In order to start a Home Instead business, a substantial initial investment of £90,000 is required. If you plan on getting a loan to cover the startup costs, you will generally need to cover 30 to 50% of the total investment yourself. Home Instead requires a personal investment of at least £30,000. 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 learn more about franchise opportunities in the Senior Care sector, have a browse through our 12 available options. With close to 250 new business investment opportunities to choose from across different sectors, you have a good chance of finding a brand that meets your needs on Point Franchise.
NOMIS and the ONS provided the data shown on this page. This text was automatically generated by LabSense.