Business Franchise opportunities to start in Hoddesdon
Hoddesdon and its prospects for new Businesses
If you're thinking about running your own business in Hoddesdon, located in the East of England, you should explore franchising options. Several brands are currently recruiting in the Broxbourne area. As a franchisee you could manage your own business while benefitting from comprehensive support. Keep reading to find out if this could be for you. Browsing our range of companies and sectors will allow you to pinpoint the type of business that is right for you.
There are approximately 97,000 people currently living in Broxbourne. The 40-59 age group is the most represented within the population. In terms of employment, the region has an economically active population of 50,400 people (79.5%), of which the unemployment rate is 5.2%. This figure is slightly higher than the average unemployment rate across the UK. The area's average gross annual income of £34,070 is higher than the average income of £30,629 across the UK.
The Professional Services sector and its franchising options
In the United Kingdom, there are 41 franchises recruiting in the Professional Services sector. The Professional Services sector is part of the B2B Services sector which offers a wide selection of interesting options. These include 27 B2B franchises, 38 Management franchises, 41 Business franchises, five Graphic Design franchises and six Courier & Delivery franchises. See if any catch your eye.
Check out these three business examples
Business Partnership operates in the Professional Services sector. The brand is growing, with 19 outlets already in operation, and a desire to expand further. This business requires an affordable initial investment of £34,000. If you plan on getting a loan to cover startup costs, you should anticipate adding a personal investment of 30 to 50% of the total investment as a general rule. The minimal personal investment to open a Business Partnership business is £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. Financial aid can be provided in some circumstances.
The Professional Services sector has many brands worth considering. Take a look at Chrysalis Partners. There are 10 locations open so far, and the network is expanding. In order to start a Chrysalis Partners business, an affordable initial investment of £34,950 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. Chrysalis Partners asks for a personal investment of at least £20,000. These low startup costs make this a good franchising option for first-time franchisees. If you can't cover the startup costs on your own, you may be eligible for financial assistance.
As a final example, have a look at CPA Online. By joining its current 10 franchisees, you would become a part of a growing brand network. You will need to invest £14,750 to open your own CPA Online business. At least £7,375 of this affordable amount should come from your own personal investment. These low startup costs make this a good franchising option for first-time franchisees. If you decide to invest in this franchise, financial aid is available, providing you meet the eligibility criteria. See eligibility details on our website.
If you would like to have a look at more new business investment options in the Professional Services sector, we currently have 41 available opportunities. Whether you've already made the decision to invest or are still weighing your options, it's worth looking at different sectors. At Point Franchise, we have a total of almost 250 franchising opportunities to help you find the perfect fit.
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