Business Franchise opportunities to start in Norwich
What to know before opening a business in Norwich
Are you thinking about opening a franchise? Norwich, in the East of England, could have a lot to offer. By becoming a franchisee, you could receive training and marketing support from an established brand while managing your own business. Check out the brands currently recruiting in Norwich. We offer franchise investment opportunities in a variety of sectors. Why not explore the sector that appeals to you the most?
There are approximately 141,000 people currently living in Norwich. The age group with the highest concentration is 20-39. Approximately 73,400 people are economically active in the area, representing 78.3% of the population. The unemployment rate (7.6%) is high compared to the UK average (4%). With an average gross annual income of £26,353, salaries in Norwich are slightly lower than the average salary of just over £30,500 across the United Kingdom.
Could the Professional Services sector be the right choice for you?
If you're interested in becoming a franchisee in the Professional Services sector, take a look at our 41 franchise options currently available in the sector. Multiple brands offer franchise options in other sectors within the B2B Services sector. For instance, there are two Consulting franchises, 41 Business franchises, 10 Marketing franchises, three Legal & Solicitor franchises and two Business Coaching franchises. You'll find options to suit many different career goals and aspirations.
Want to know more? Read about these three brands
The Professional Services sector offers a variety of brands to choose from, including Chrysalis Partners. By joining its current 10 franchisees, you would be joining a growing brand network. A total of £34,950, a reasonable initial investment, is required to start a Chrysalis Partners 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. You may be eligible for financial aid.
Driver Hire is an interesting investment opportunity in the Professional Services sector. First launched in 1983, Driver Hire has been running for 37 years and has gained many loyal customers as a result. By joining its network of 100 franchisees, you could play a part in this brand's success. In order to open a Driver Hire business, an initial investment of £40,000 is required. If you plan on getting a loan to cover the startup costs, you will typically need to cover 30 to 50% of the total investment yourself. Driver Hire asks for a personal investment of at least £32,000. The higher startup costs make this an opportunity best suited for most established franchisees with greater access to financial resources. Also, if you can't afford the startup costs on your own, you may qualify for financial assistance.
As a final example, have a look at Business Partnership. There are 19 locations open so far, and the network is expanding. You will need to invest £34,000 to start 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. An investment in this franchise entitles you to financial aid, if eligible. See eligibility details on our website.
There are currently 41 available franchise options in the Professional Services sector. Take a look at these businesses to find out if there's a good fit for you. If you are still not sure which sector best suits your needs, have a look through our selection of 236 new business investment opportunities across different sectors on Point Franchise.
This text was automatically generated in partnership with LabSense, using data provided by NOMIS and the ONS.