Business Franchise opportunities to start in Sutton Coldfield
Why should you invest in Sutton Coldfield?
Located in the West Midlands, Sutton Coldfield 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 possibilities in Birmingham and take the first step towards running your own business. We offer a number of franchises to suit various budgets and career goals. Have a look at our selection of brands and sectors to see what might suit you.
Birmingham has an estimated population of 1,141,000 people. Residents in the 20-39 age category make up the largest portion of the population. The local unemployment rate of 8.8% among 522,400 economically active people, or 71.6% of the population, is slightly higher than the average in the UK. Birmingham has an average annual salary of £26,786. This salary is slightly lower than the rest of the United Kingdom, which has an average income of close to £31,000.
Why Professional Services businesses appeal to franchisees
There are currently 41 opportunities to invest in the Professional Services sector. If you would like to operate a business in this field, keep reading. The Professional Services sector is part of the B2B Services sector, which also offers six Sign franchises, six Recruitment franchises, seven Training franchises, three Legal & Solicitor franchises and two Business Coaching franchises. The right business to suit your career objectives and aspirations might just be among them.
Have a look at these three business examples
There are many interesting franchising options in the Professional Services sector. Take CPA Online for example. The brand is expanding, with 10 outlets currently in operation, and a desire to expand further. This business requires an affordable initial investment of £14,750. If you intend to get 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 open a CPA Online business is £7,375. 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. If you can't cover the startup costs on your own, you could see if you qualify for financial assistance.
If the Professional Services sector appeals to you, Business Partnership is another option you could consider. By joining its network of 19 franchisees, you could play a part in this brand's success. You will need an initial investment of £34,000 to start your own Business Partnership business. Your personal investment should account for at least £20,000 of the total amount. You may want to think about getting a loan to start a business in this sector. 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. You may qualify for financial aid.
Finally, Bartercard UK could be another good option for you to invest in. By joining its current 75 franchisees, you would be joining a growing brand network. An affordable initial investment of £6,000 will enable you to start your own Bartercard UK business. In most cases, your personal investment should represent 30 to 50% of the total amount. Bartercard UK requires you to personally invest at least £2,000. You could potentially apply for a loan to cover the remaining costs. These low startup costs make this a good franchising option for first-time franchisees.
Many businesses are already operating in the Professional Services sector. We currently have 41 franchise opportunities available in the sector. If you're curious about franchising options in other sectors, Point Franchise has 236 brands to choose from.
This text was automatically generated in partnership with LabSense, using data collected from NOMIS and the ONS.