Business Franchise opportunities to start in Smethwick
What to know before opening a franchise in Smethwick
Located in the West Midlands, Smethwick is an area with business opportunities on the rise. If working as your own boss with a team behind you sounds appealing, check out our franchising options in Sandwell and take the first step towards running your own business. We offer a number of franchises to suit different budgets and career goals. Have a look at our range of businesses and sectors to see what might suit you.
Approximately 327,000 people currently live in Sandwell. Residents aged 20 to 39 years old make up the prevalent age group in the population. Approximately 153,400 people are economically active in the area, representing 74.7% of the population. The unemployment rate 5.3% is high compared to the UK average 4%. The United Kingdom's annual average salary is close to £31,000. Salaries in Sandwell are lower in comparison, averaging £23,823 a year.
What the Professional Services sector could offer you
There are 41 brands currently recruiting franchisees in the Professional Services sector. If this sector appeals to you, check them out. Could a starting business in the Professional Services sector, or in the B2B Services sector more widely, help you reach your career goals and aspirations? Have a look at the two Consulting franchises, six Courier & Delivery franchises, six Sign franchises, 27 B2B franchises and three Legal & Solicitor franchises recruiting at this time.
Here are three examples of franchise businesses
There are many interesting franchising possibilities in the Professional Services sector. Take Bartercard UK for example. By joining its current 75 franchisees, you would become a part of a growing brand network. To start your own Bartercard UK franchise, you will need to invest £6,000, of which at least £2,000 should be your own personal investment. You could get 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. Also, if you can't afford the startup costs on your own, you may qualify for financial assistance.
Take a look at Driver Hire. First established in 1983, Driver Hire now offers its expertise to a loyal customer base, built up over 37 years. By joining its network of 100 franchisees, you could play a part in this brand's success. This business requires an initial investment of £40,000. If you plan on getting a loan to cover startup costs, you should anticipate adding a personal investment of 30 to 50% of the total investment as a general rule. The minimal personal investment to start a Driver Hire business is £32,000. 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. Visit our website for more information.
Finally, CPA Online could be another good option for you to invest in. This brand is expanding, counting 10 outlets across the United Kingdom. A total of £14,750, a reasonable initial investment, is required to start a CPA Online franchise. You might want to consider getting a loan to cover the startup costs, in which case at least £7,375 of the total investment should come from your personal funds. These relatively low startup costs make it a good option to pursue for first-time franchisees. This brand also provides its franchisees with full training and support.
If you would like to take a look at more franchising options in the Professional Services sector, we currently have 41 available opportunities. Point Franchise offers a total of close to 250 franchising opportunities across a variety of sectors. So, if you're still searching for a brand that meets your needs, there are plenty of options for you to explore.
This page contains data collected from NOMIS and the ONS. This content was automatically generated by LabSense.