Business Franchise opportunities to start in Stevenage
Stevenage and its prospects for new Businesses
If you want to start your own business, you may find that Stevenage has a lot to offer. Many brands are currently recruiting franchisees in the Stevenage area. Keep reading to find out if running a franchise could be a good option for you! With your interests and business objectives in mind, have a look at our selection of new business investment opportunities.
The Stevenage area has 88,000 residents. Residents aged 20 to 39 years old are the most represented within the population. Approximately 46,300 people are economically active in the community, representing 83.1% of the population. The unemployment rate (3%) is below par compared to the national average (4%). The average gross salary in the UK is just over £30,500. Residents of Stevenage earn £28,369 a year on average.
Why the Professional Services sector appeals to franchisees
Are you interested in the Professional Services sector? If so, there are 41 available franchises to choose from across the United Kingdom. In fact, we have a wide range of options in the B2B Services sector including the franchises in the Professional Services sector. You can pick from 10 Marketing franchises, six Sign franchises, three Media franchises, 41 Business franchises and six Recruitment franchises today.
Here are three examples of franchise businesses
Driver Hire is an interesting business operating in the Professional Services sector. Initially established in 1983, the brand's extensive experience, good reputation and wide exposure are valuable assets. 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. Due to the higher startup costs, this option is not recommended for first-time franchisees. You could also receive financial aid, if eligible.
Another option worth considering is Bartercard UK. By joining its network of 75 franchisees, you could contribute to this brand's success. 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 relatively low startup costs make it a good option to pursue for first-time franchisees.
Finally, CPA Online is another successful business operating in the Professional Services sector. The brand is growing, with 10 outlets already in operation, and a desire to expand further. You will need to invest £14,750 to start your own CPA Online business. At least £7,375 of this affordable amount should come from your own personal investment. These relatively low startup costs make it a good option to pursue for first-time franchisees. Financial assistance is available for eligible franchisees. See our website for more information.
Eager to read more about business opportunities in the Professional Services sector? Have a look at our 41 available options. On Point Franchise, there is plenty of choice in other sectors as well. We have close to 250 franchising opportunities in total to choose from.
This text was automatically generated in partnership with LabSense, using data provided by NOMIS and the ONS.
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