Business Franchise opportunities to start in Lancaster
What to consider when opening a business in Lancaster
If you want to start your own business, you may find that Lancaster has a lot to offer. Many companies are currently recruiting franchisees in the Lancaster area. Read on to find out if running a franchise could be a good option for you! Browse our extensive possibilities in order to find the right brand for you, and you'll be one step closer to opening your own business.
There are an estimated 144,000 people living in the Lancaster area. When broken down by age group, the 20-39 age range is the most prevalent in the population. Approximately 62,900 people are economically active in the region, representing 69.5% of the population. The unemployment rate (4.7%) is high compared to the UK average (4%). Lancaster has an average annual income of £27,639. This salary is slightly lower than the rest of the UK, which has an average salary of £30,629.
Franchising options in the Professional Services sector
Are you interested in the Professional Services sector? You're likely to come across a franchise worth considering among 41 brands across the UK. The Professional Services sector is part of the B2B Services sector which offers a wide selection of interesting options. These include 10 Marketing franchises, 27 B2B franchises, 38 Management franchises, six Courier & Delivery franchises and two Consulting franchises. See if any catch your eye.
Want to know more? Read about these three brands
If working in the Professional Services sector appeals to you, check out CPA Online. The brand is expanding, with 10 locations currently in operation, and a desire to expand further. Opening a CPA Online business requires an affordable initial investment of £14,750. If you plan on getting a loan to cover the startup costs, CPA Online asks for a personal investment of at least £7,375. For most franchises, this amount represents 30 to 50% of the total investment. Given these low startup costs, this opportunity is suitable for both first-time investors and established franchisees.
You could also have a look at Driver Hire, which has been operating since 1983. Driver Hire has grown a loyal following since opening 37 years ago. By joining its network of 100 franchisees, you could contribute to this brand's success. An initial investment of £40,000 will enable you to open your own Driver Hire business. In most cases, your personal investment should represent 30 to 50% of the total amount. Driver Hire requires you to personally invest at least £32,000. You could potentially get a loan to cover the remaining costs. Due to the higher startup costs, this option is not recommended for first-time franchisees. If you can't afford the startup costs on your own, you may be eligible for financial assistance.
Finally, another option worth considering is Business Partnership. By joining its current 19 franchisees, you would become a part of a growing brand network. To open your own Business Partnership franchise, you will need to invest £34,000, of which at least £20,000 should be your own personal investment. You could apply for a loan to help cover the remaining startup costs. Given these low startup costs, this opportunity is suitable for both first-time investors and established franchisees. 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. Visit our website for details.
If you want to work in the Professional Services sector, the perfect business opportunity could be waiting for you among our 41 available franchises in the sector. Point Franchise currently has a total of 236 brands recruiting franchisees across a variety of sectors. Have a look to see which other sectors you might want to invest in.
Data on this page was collected from NOMIS and the ONS. This content was machine-generated in partnership with LabSense.