Business Franchise opportunities to start in Coventry
Coventry is waiting for you to start a franchise business
You could start your own business by becoming a franchisee in Coventry. There are a number of opportunities to choose from in Coventry, located in the West Midlands. Take a look at our range of brands and start running your own business with a team behind you. Explore our sectors and brands to find your best options among various franchising opportunities, keeping in mind your personal interests and business goals.
According to recent census data, there are 367,000 people in Coventry. The most prevalent age group in the population is 20 to 39 years old. The community has 189,500 economically active people, representing 77.2% of the population, with an unemployment rate of 5.4%. This rate is slightly higher than the country's 4% national average. Across the UK, the average gross income is close to £31,000. In the Coventry area, it is £27,799.
Could the Professional Services sector be the right choice for you?
In the United Kingdom, there are 41 franchises recruiting in the Professional Services sector. The Professional Services sector is part of the B2B Services sector which offers a wide selection of interesting options. These include three Legal & Solicitor franchises, five Graphic Design franchises, 38 Management franchises, six Recruitment franchises and 27 B2B franchises. See if any catch your eye.
Three franchise business examples
If you are interested in opening a business in the Professional Services sector, Chrysalis Partners could be an option for you. By joining its network of 10 franchisees, you could contribute to this brand's success. Opening a Chrysalis Partners franchise will require you to invest a minimum of £34,950. 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. If you can't afford the startup costs on your own, you could see if you qualify for financial assistance.
Another option worth considering is Driver Hire, a brand that launched in 1983. Driver Hire is a recognized leader in the sector, with 37 years of experience under its belt there are 100 locations open so far, and the network is expanding. This business opportunity requires an initial investment of £40,000. You could get a loan to help cover startup costs, in which case your personal investment will generally need to cover 30 to 50% of the total investment. Driver Hire asks for a minimum personal investment of £32,000. Due to the higher startup costs, this option is not recommended for first-time franchisees.
The Professional Services sector has many brands worth considering. As a final example, have a look at Business Partnership. By joining its 19 franchises already in operation, you could contribute to this company's expansion. You will need to invest £34,000 to begin operating your own Business Partnership business, which is an affordable initial investment. Your personal investment should account for at least £20,000 of the total amount. These relatively low startup costs make it a good option to pursue for first-time franchisees. Good to know: you won't need any premises as you can work from home. If you can't cover the startup costs on your own, you may qualify for financial aid. Visit our website for more information.
There are currently 41 available franchising opportunities in the Professional Services sector. Check out these brands to find out if there's a good fit for you. Plus, with close to 250 alternative franchising options available in different sectors, Point Franchise offers plenty of choice to find the right brand for you.
Data on this page was collected from NOMIS and the ONS. This content was machine-generated in partnership with LabSense.