Business Franchise opportunities to start in Hereford
What to know before opening a franchise in Hereford
You could start your own business by becoming a franchisee in Hereford. There are a number of opportunities to choose from in Herefordshire, located in the West Midlands. Check out our selection of brands and start running your own business with a team behind you. Deciding which sector you'd like to work in will lead you to the brands that best suit your needs and business goals.
There are 192,000 people living in the Herefordshire area. When broken down by age group, the 60+ age range is the most prevalent in the population. The local unemployment rate of 2.5% is very low compared to the UK average of 4%. The local labour force consists of 93,100 people, making up 85.1% of the population. The UK's annual average income is £30,629. Salaries in Herefordshire are slightly lower in comparison, averaging £25,778 a year.
Why the Professional Services sector appeals to franchisees
The Professional Services sector currently offers 41 franchise opportunities. If this sector appeals to you, have a look at our options. The Professional Services sector is part of the B2B Services sector, which also offers two Consulting franchises, seven Training franchises, 10 Marketing franchises, 27 B2B franchises and three Legal & Solicitor franchises. The perfect business to suit your career objectives and aspirations might just be among them.
Check out three available franchise options
If you'd like to run your own Professional Services business, Driver Hire might be a great option for you. In operation since 1983, Driver Hire, now a leader in the sector, has gained 37 years of experience since first opening. There are 100 locations open so far, and the network is expanding. Starting a Driver Hire business requires an initial investment of £40,000. If you intend to get 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. Due to the higher startup costs, this option is not advisable for first-time franchisees. If eligible, you might be able to benefit from financial assistance.
Another option worth considering is Business Partnership. By joining its 19 franchises already in operation, you could contribute to this company's expansion. Starting a Business Partnership franchise will require you to invest a minimum of £34,000. At least £20,000 of this should come from your own personal investment. These low startup costs make this a good franchising option for first-time franchisees. Financial aid can be provided in some circumstances.
As a final example, take a look at Bartercard UK. By joining its network of 75 franchisees, you could play a part in this brand's success. To start your business, you will need an initial investment of £6,000. 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 usually be required. For Bartercard UK, the minimum personal investment is £2,000. These low startup costs make this a good franchising option for first-time franchisees. If you choose to invest in this franchise, financial aid is available, providing you meet the eligibility criteria. See our website for details.
There are currently 41 franchising opportunities available in the Professional Services sector. On Point Franchise, there is plenty of choice in other sectors too. We have almost 250 new business investment opportunities in total to choose from.
This page contains data provided by NOMIS and the ONS. This content was automatically generated by LabSense.