Business Franchise opportunities to start in King's Lynn
Is King's Lynn a good place to become a franchisee?
The franchising possibilities in King's Lynn, located in the East of England, are numerous. As a franchisee, you could have the independence of working alone with the support of a team behind you. Stay on this page to discover which brands you could work with in King's Lynn and West Norfolk. Browse our extensive possibilities in order to find the right brand for you, and you'll be one step closer to opening your own business.
There are 152,000 people living in the King's Lynn and West Norfolk region. The 60+ age range has the highest concentration within the population. King's Lynn and West Norfolk has an unemployment rate of 3.2% within its labour force of 69,100 people. This rate is below par compared to the national average. For the King's Lynn and West Norfolk area, the average salary is £25,049, which is slightly lower than the UK average income of close to £31,000.
Investment options in the Professional Services sector
Are you interested in running your own business in the Professional Services sector? Take a look at our 41 franchise opportunities available in this sector. The Professional Services sector is part of the B2B Services sector, which also offers 27 B2B franchise, six Sign franchises, two Business Coaching franchises, six Recruitment franchises and two Consulting franchises. The right business to suit your career goals and aspirations might just be among them.
Three franchise business worth reading about
If working in the Professional Services sector appeals to you, have a look at CPA Online. The brand is growing, with 10 location currently in operation, and a desire to expand further. Starting a CPA Online business requires an affordable initial investment of £14,750. If you intend to get a loan to cover the startup costs, CPA Online asks for a personal investment of at least £7,375. For most franchises, this amount represents 30 to 50% of the total investment. Given these low startup costs, this option could be suitable for first-time franchisees.
Another brand worth considering is Business Partnership. By joining its current 19 franchisee, you would become a part of a growing brand network. A total of £34,000, a reasonable initial investment, is required to open a Business Partnership franchise. You might want to consider getting a loan to cover the startup costs, in which case at least £20,000 of the total investment should come from your personal funds. These 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. By investing in this established brand, you could be eligible for financial assistance.
Lastly, if the Professional Services sector appeals to you, Driver Hire is another option you could consider. In business since 1983, Driver Hire now offers its expertise to a loyal customer base, built up over 37 years. By joining its network of 100 franchisee, you could play a part in this brand's success. To start your own Driver Hire franchise, you will need to invest £40,000, of which at least £32,000 should be your own personal investment. You could apply for a loan to help cover the remaining startup costs. Due to the higher startup costs, this option is not advisable for first-time franchisees. If you can't afford the startup costs on your own, you may qualify for financial aid. See our website for more information.
The Professional Services sector currently offers 41 franchising opportunities. Point Franchise has almost 250 franchising opportunities across a wide variety of sectors. So if this sector isn't for you, there are still lots of investment options to explore.
Data on this page was collected from NOMIS and the ONS. This content was machine-generated in partnership with LabSense.