Business Franchise opportunities to start in St Albans

What to consider when opening a franchise in St Albans

If you'd like to run your own business but don't know where to start, a franchise might just be the solution. St Albans, situated in the East of England, could be a good place to start as there are many brands currently recruiting franchisees in the St Albans area. If you already know which line of work you'd like to pursue, look into our franchise opportunities in that sector. If not, have a browse and see what other options catch your eye. We have businesses to suit all kinds of interests and career objectives.

St Albans has a population of approximately 147,000 people. The 40-59 age range is the most represented within the population. The local unemployment rate of 7% is high compared to the UK average of 4%. The local labour force consists of 73,000 people, making up 79.9% of the population. St Albans has an average annual salary of £47,507. This salary is significantly higher than the rest of the UK, which has an average income of just over £30,500.

Why choose to work in the Professional Services sector?

There are 41 franchises in the Professional Services sector to choose from. The Professional Services sector is just one example of a sector you could invest in. Could your ideal business be among our two Business Coaching franchises, 41 Business franchises, seven Training franchises, 10 Marketing franchises and six Sign franchises available in the B2B Services sector? Have a look to find out.

Eager to find out more? Here are three franchise business examples

If the Professional Services sector is your area of interest, Driver Hire is worth considering. Initially established in 1983, Driver Hire is a recognized leader in the sector, with 37 years of experience under its belt by joining its 100 franchises already in operation, you could contribute to this company's expansion. Starting a Driver Hire business requires an initial investment of £40,000. If you intend to get a loan to cover the startup costs, Driver Hire asks for a personal investment of at least £32,000. For most franchises, this amount represents 30 to 50% of the total investment. Due to the higher startup costs, this option is not advisable for first-time franchisees. This investment entitles you to training, assistance and support from Driver Hire. You could also benefit from financial aid, if eligible.

The Professional Services sector has many brands worth considering. Check out CPA Online. By joining its current 10 franchisees, you would be joining a growing brand network. You will need an initial investment of £14,750 to open your own CPA Online business. Your personal investment should account for at least £7,375 of the total amount. You may want to think about getting a loan to start a business in this sector. These relatively low startup costs make it a good option to pursue for first-time franchisees. An investment in this franchise entitles you to expert training and support

Lastly, Bartercard UK is an interesting investment opportunity in the Professional Services sector. There are 75 locations open so far, and the network is expanding. Opening a Bartercard UK franchise will require you to invest a minimum of £6,000. At least £2,000 of this should come from your own personal investment. These low startup costs make it a good option to pursue for first-time franchisees.

If you are interested in the Professional Services sector and want to discover more franchising options, take a look at the 41 brands available in this sector. Point Franchise has close to 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 provided by NOMIS and the ONS. This content was machine-generated in partnership with LabSense.