Senior Care Franchise opportunities to start in Letchworth
What can Letchworth offer to new businesses?
Letchworth, located in the East of England, has many opportunities for people looking to start their own business. There are several brands currently recruiting franchisees in the North Hertfordshire area. This could mean working for yourself while benefiting from the comprehensive support of an established brand. By exploring the sectors that appeal to you the most, you will find the franchises that best suit your interests and career goals.
North Hertfordshire has an estimated population of 133,000 residents. The 40-59 age group makes up the majority of the population. The local labour force includes 68,400 people, or 83.9% of the total population. With an unemployment rate of 3.7%, recent data indicates that employment in this area is in line with the rest of the United Kingdom. The annual income in the United Kingdom is just over £30,500 on average. The people of North Hertfordshire earn an average annual salary of £35,383, higher than the national average.
Have you considered the Senior Care sector?
There are 12 UK-based franchises available in the Senior Care sector. The Senior Care sector is actually part of the Personal & Home Care Services sector which offers a wider selection. There are currently 14 Kids & Childrens franchises, five Baby franchises, 18 Child Care franchises, 11 Handyman franchises and 12 Tutoring franchises recruiting at this time. Amongst these opportunities, there is likely to be one to suit your career goals and aspirations. If you're interested in the Health Care sector, you may want to consider how many people already work in the industry. In North Hertfordshire, Health Care businesses currently employ 4,500 people.
Take a look at three franchise business examples
If you're interested in the Senior Care sector, take a look at SylvianCare. There are three locations open so far, and the network is expanding. 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 open a SylvianCare business is £30,000. It is thus less appropriate for new investors. You could also receive financial assistance, if eligible.
Another option to consider is Home Instead, a brand that first began operating in 2005. Home Instead has proved itself to be a successful business and leader in the field in its 15 years since opening. With a vast network of 1,200 outlets, the brand knows how to support its franchisees. A total of £90,000, a substantial initial investment, is required to open a Home Instead franchise. You might want to consider getting a loan to cover the startup costs, in which case at least £30,000 of the total investment should come from your personal funds. Given these higher startup costs, this is an opportunity best suited for most established franchisees with greater access to financial resources.
As a final Senior Care franchise option, check out Seniors Helping Seniors. The brand's network is made up of 300 franchisees, which enhance its visibility. Good to know: you won't need any premises as you can work from home. If you can't cover the startup costs on your own, you could find out if you qualify for financial aid. See our website for more information.
The Senior Care sector offers many interesting investment opportunities, including our 12 franchise options. If you're still torn between different sectors, no problem! Point Franchise offers almost 250 franchising opportunities across a variety of sectors. Enjoy exploring your options.
NOMIS and the ONS provided the data shown on this page. This text was automatically generated by LabSense.