Business Franchise opportunities to start in Whitley Bay
Why should you invest in Whitley Bay?
Have you ever considered opening a franchise in Whitley Bay? This could be your opportunity to manage your own business while benefiting from comprehensive training and marketing support, since many businesses in the North Tyneside area are currently recruiting franchisees. There are a number of new business investment opportunities available based on your budget and career goals. Have a look to find the brand that appeals to you most.
There are approximately 206,000 people currently living in North Tyneside. Residents aged 40 to 59 years old make up the prevalent age range in the population. The local labour force consists of 102,600 people, or 80.4% of the total population. With an unemployment rate of 3%, recent data indicates that employment in this area is lower than in the rest of the UK. The gross annual income in North Tyneside amounts to £27,665, which is slightly lower than the national average of £30,629.
Could the Professional Services sector be the right choice for you?
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 a sector you could invest in. Could your ideal business be among our two Business Coaching franchises, three Media franchises, seven Training franchises, two Consulting franchises and 41 Business franchises available in the B2B Services sector? Have a browse to find out.
Three franchise business examples worth looking at
If you'd like to open your own Professional Services business, Business Partnership might be a great option for you. This brand is expanding, counting 19 locations across the UK. In order to start a Business Partnership business, a reasonable initial investment of £34,000 is required. If you plan on getting a loan to cover the startup costs, you will usually need to cover 30 to 50% of the total investment yourself. Business Partnership requires a personal investment of at least £20,000. 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. Good to know: you won't need any premises as you can work from home. If eligible, you might be able to benefit from financial aid.
CPA Online is another interesting franchise option if you plan to invest in the Professional Services sector. By joining its network of 10 franchisees, you could contribute to this brand's success. Opening a CPA Online franchise will require you to invest a minimum of £14,750. At least £7,375 of this should come from your own personal investment. Given these low startup costs, this option could be suitable for first-time franchisees. Financial assistance can be provided in some circumstances.
Chrysalis Partners is a third interesting franchising opportunity in the Professional Services sector. By joining its current 10 franchisees, you would become a part of a growing brand network. A total of £34,950, a reasonable initial investment, is required to start a Chrysalis Partners franchise. You might want to consider getting a loan to cover the startup costs, in which case at least £20,000 of the total investment should come from your personal funds. These low startup costs make this a good franchising option for first-time franchisees. 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.
If you would like to have a look at more franchising options in the Professional Services sector, we currently have 41 available opportunities. If you are still not sure which sector best suits your needs, have a look through our selection of almost 250 new business investment opportunities across a variety of sectors on Point Franchise.
Data on this page was provided by NOMIS and the ONS. This content was machine-generated in partnership with LabSense.