Business Franchise opportunities to start in Willenhall
What to know before opening a franchise in Willenhall
If you'd like to run your own business but don't know where to start, a franchise might just be the solution. Willenhall, situated in the West Midlands, could be a good place to start as there are many businesses currently recruiting franchisees in the Walsall area. We offer a variety of realistic new business investment opportunities, so that you can find one you like.
The population of Walsall is made up of 283,000 residents. When broken down by age group, the majority of the population sits within the 0-19 category. The community has 130,000 economically active people, representing 75.7% of the population, with an unemployment rate of 6.7%. This rate is slightly higher than the country's 4% national average. Walsall has an average annual income of £24,014. This salary is lower than the rest of the UK, which has an average salary of close to £31,000.
Running a Professional Services franchise business
If the idea of running a business in the Professional Services sector appeals to you, take a look at the 41 brands currently recruiting franchisees in the field. The Professional Services sector is just one sector among many in the B2B Services sector. Its three Legal & Solicitor franchises, seven Training franchises, three Media franchises, 38 Management franchises and 27 B2B franchises are also worth considering. Let our selection of brands be your guide to starting your next exciting investment opportunity.
Want to know more? Read about these three brands
If you're planning to invest in the Professional Services sector, check out Bartercard UK. There are 75 locations open so far, and the network is expanding. You will need to invest £6,000 to start your own Bartercard UK business. At least £2,000 of this affordable amount should come from your own personal investment. These low startup costs make it a good option to pursue for first-time franchisees. Eligible candidates may apply for financial assistance.
Another possibility to consider is Business Partnership. By joining its 19 franchises already in operation, you could contribute to this company's expansion. In order to start a Business Partnership business, a reasonable initial investment of £34,000 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. Business Partnership requires a personal investment of at least £20,000. 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.
Lastly, Driver Hire is another interesting franchise option if you plan to invest in the Professional Services sector. Opened in 1983, Driver Hire has gained expertise and customer loyalty in its 37 years since opening. By joining its network of 100 franchisees, you could play a part in this brand's success. A total of £40,000 is required to open a Driver Hire franchise. You might want to consider getting a loan to cover the startup costs, in which case at least £32,000 of the total investment should come from your personal funds. It is thus less appropriate for new investors. Financial support is available for eligible franchisees. See our website for more information.
If you are interested in the Professional Services sector and want to discover more franchising options, have a look at the 41 brands available in this sector. If you're interested in exploring franchising opportunities in other sectors, Point Franchise has close to 250 brands to pick from.
Data on this page was collected from NOMIS and the ONS. This content was machine-generated in partnership with LabSense.