Business Franchise opportunities to start in Bolton
Bolton: A great location to start a business
The Bolton area offers many interesting business opportunities. If you are interested in running your own business, you should consider franchising. This would allow you to work for yourself while benefiting from the support of an established brand. Have a look on this page to discover the franchise options available to you in Bolton. Deciding which sector you'd like to work in will lead you to the businesses that best suit your needs and career goals.
There are approximately 285,000 people currently living in Bolton. Residents aged 40 to 59 years old make up the majority of the population. The region has a 7.5% unemployment rate, which is slightly higher than the national average of 4%. Overall, the region's labour force consists of 132,000 people or 74.5% of the total population. The local income averages £26,225 per year, which is slightly lower than the just over £30,500 average income in the UK as a whole.
Why Professional Services businesses appeal to franchisees
There are 41 brands currently recruiting franchisees in the Professional Services sector. If this sector appeals to you, check them out. The Professional Services sector is just one example of the options available in the B2B Services sector. Other opportunities include 27 B2B franchises, 10 Marketing franchises, three Legal & Solicitor franchises, 38 Management franchises and two Consulting franchises. Have a browse, the perfect investment opportunity for you could be a few clicks away.
Take a look at three franchise business examples
If you are interested in opening a business in the Professional Services sector, read about Driver Hire, a brand operating since 1983. The brand has grown a dedicated following over the past 37 years. By joining its current 100 franchisees, you would be joining a growing brand network. Starting a Driver Hire business requires an initial investment of £40,000. If you plan on getting a loan to cover the startup costs, Driver Hire asks for a personal investment of at least £32,000. For most franchises, this amount represents 30 to 50% of the total investment. The higher startup costs make this an opportunity best suited for most established franchisees with greater access to financial resources. By investing in this established brand, you could qualify for financial assistance.
Another possibility to consider is Chrysalis Partners. This brand is developing, counting 10 locations across the UK. You will need to invest £34,950 to start your own Chrysalis Partners business. At least £20,000 of this reasonable amount should come from your own personal investment. 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.
As a final Professional Services franchise option, check out CPA Online. There are 10 outlets open so far, and the network is expanding. This business opportunity requires an affordable initial investment of £14,750. You could get a loan to help cover startup costs, in which case your personal investment will usually need to cover 30 to 50% of the total investment. CPA Online asks for a minimum personal investment of £7,375. Given these low startup costs, this opportunity is suitable for both first-time investors and established franchisees. Also, if you can't afford the startup costs on your own, you may qualify for financial support. Visit our website for details.
If you are thinking about running a franchise business in the Professional Services sector, you might be interested to have a look at our 41 available brands. Whether you've already decided to invest or are still weighing your options, it's worth looking at different sectors. At Point Franchise, we have a total of almost 250 franchising opportunities to help you find the perfect fit.
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