Senior Care Franchise opportunities to start in Basildon
What to consider when starting a franchise in Basildon
Many brands are currently looking for franchisees in Basildon, located in the East of England. By becoming a franchisee, you could run your own business while receiving comprehensive training and marketing assistance. Keep reading to explore the options in the Basildon area. There are a number of new business investment options available based on your budget and career goals. Have a look to find the brand that appeals to you most.
According to recent census data, there are 186,000 people in Basildon. The majority of residents are aged 40 to 59 years old. The area has an economically active population of 91,700 people, or 81.0% of the total population. The unemployment rate (3.5%) is below par compared to the rest of the United Kingdom. With an average gross annual income of £32,823, salaries in Basildon are slightly higher than the average salary of just over £30,500 across the United Kingdom.
Why Senior Care businesses appeal to franchisees
Across the United Kingdom, there are 12 franchises operating in the Senior Care sector. Numerous brands offer franchise opportunities in other sectors within the Personal & Home Care Services sector. For instance, there are three Funeral franchises, 11 Handyman franchises, 17 Education franchises, 18 Child Care franchises and three Plumbing franchises. You'll find options to suit all kinds of career objectives and aspirations.
Check out these three business examples
If you're interested in the Senior Care sector, have a look at Promedica24. The brand is growing, with 100 locations already in operation, and a desire to expand further. To start your business, you will need an initial investment of £40,000. If you plan on getting a loan to cover the costs of opening a franchise, a personal investment of 30 to 50% of the total amount will generally be required. For Promedica24, the minimum personal investment is £1,000. These relatively low startup costs make it a good option to pursue for first-time franchisees. If you decide to invest in this franchise, financial aid is available, providing you meet the eligibility criteria.
Home Instead could be another good option for you to invest in. First established in 2005, Home Instead now has over 15 years of experience under its belt. A network of 1,200 franchisees promotes the brand's visibility. You will need an initial investment of £90,000 to open your own Home Instead 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 start a business in this sector. Due to the higher startup costs, this option is not advisable for first-time franchisees.
Lastly, another brand worth considering is SylvianCare. This brand is expanding, counting three outlets across the United Kingdom. A total of £62,500 is required to start a SylvianCare 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. Also, if you can't afford the startup costs alone, you may be able to benefit from financial aid. See eligibility details on our website.
If you are interested in the Senior Care sector and want to discover more franchising options, take a look at the 12 brands available in this sector. With almost 250 franchising opportunities to choose from across a variety of sectors, you have a good chance of finding a brand that meets your needs on Point Franchise.
This page contains data provided by NOMIS and the ONS. This content was automatically generated by LabSense.