Business Franchise opportunities to start in Stourbridge
Starting a new business in Stourbridge
If you want to start a business in Stourbridge, working for yourself but not on your own, then check out our franchising options in the West Midlands. On this page, you will find a range of brands to choose from for becoming a franchisee in the Dudley area and across the UK. To begin, look for the line of work that appeals to you the most. This is a quick way to find the franchise best suited to you.
According to recent census data, 321,000 people live in Dudley. The 40-59 age group is the most represented within the population. In terms of employment, the area has a labour force of 145,500 people (76.2%), of which the unemployment rate is 4.7%. This figure is slightly higher than the average unemployment rate across the country. With an average gross annual income of £28,043, salaries in Dudley are slightly lower than the average salary of just over £30,500 across the UK.
Why the Professional Services sector might be a good option for you
If you want to run your own business in the Professional Services sector, the good news is that there are 41 franchises currently recruiting new franchisees across the country. In fact, the B2B Services sector as a whole offers a wide variety of franchises to invest in, including three Media franchises, seven Training franchises, five Graphic Design franchises, 38 Management franchises and six Recruitment franchises. Explore our available brands to find a potential match.
Read about these three brands to see what franchise opportunities exist
There are many interesting franchising possibilities in the Professional Services sector. Take CPA Online for example. There are 10 locations open so far, and the network is expanding. In order to open a CPA Online business, a reasonable initial investment of £14,750 is required. If you plan on getting a loan to cover the startup costs, you will generally need to cover 30 to 50% of the total investment yourself. CPA Online requires a personal investment of at least £7,375. Given these low startup costs, this option could be suitable for first-time franchisees. If you feel uncertain about starting your own business, you may feel more secure in taking on a franchise. CPA Online can support you with comprehensive training and assistance to help your business reach its full potential.
Another option worth considering is Driver Hire, a company that was first established in 1983. Driver Hire now has 37 years of experience in the sector, making it a strong leader. This brand is growing, counting 100 outlets across the United Kingdom. Opening a Driver Hire business requires an initial investment of £40,000. At least £32,000 should come from your own personal investment. Given these higher startup costs, this opportunity is less suitable for first-time franchisees. Comprehensive training and support are available when you choose to invest in this franchise. You may also be eligible for financial aid.
Finally, if the Professional Services sector appeals to you, Bartercard UK is another option you could consider. The brand is expanding, with 75 franchises already in operation, and a desire to expand further. You will need to invest £6,000 to start operating your own Bartercard UK business, which is a reasonable initial investment. Your personal investment should account for at least £2,000 of the total amount. These relatively low startup costs make it a good option to pursue for first-time franchisees. If you can't cover the startup costs on your own, you may qualify for financial assistance. Visit our website for details.
Eager to read more about business opportunities in the Professional Services sector? Have a look at our 41 available options. If you're still torn between different sectors, no problem! Point Franchise offers almost 250 franchising opportunities across many different sectors. Enjoy exploring your options.
This page contains machine-generated content provided by LabSense, using data collected from NOMIS and the ONS.