Business Franchise opportunities to start in Watford

Watford: A great location to start a business

If you'd like to open your own business but don't know where to start, a franchise might just be the solution. Watford, situated in the East of England, could be a good place to start as there are many brands currently recruiting franchisees in the Watford area. With your interests and career objectives in mind, have a look at our range of franchising opportunities.

The Watford area has a population of 97,000 residents. The majority of residents are aged 20 to 39 years old. With an average gross annual income of £32,481, salaries in Watford are slightly higher than the average salary of £30,629 across the United Kingdom.

Franchising options in the Professional Services sector

There are currently 41 opportunities to invest in the Professional Services sector. If you would like to operate a business in this field, keep reading. Bear in mind that the potential for exciting business plans in the B2B Services sector is not limited to the Professional Services sector. Other available investment opportunities include six Courier & Delivery franchises, 41 Business franchises, three Legal & Solicitor franchises, three Media franchises and six Recruitment franchises. See if there's one to suit your business goals.

Check out three available franchise options

Driver Hire could be a great choice for you if you're interested in the Professional Services sector. Open since 1983, the brand has grown a dedicated following over the past 37 years. There are 100 locations open so far, and the network is expanding. This business requires an initial investment of £40,000. 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 start a Driver Hire business is £32,000. Given these higher startup costs, this is an opportunity best suited for most established franchisees with greater access to financial resources. If you make the decision to invest in this franchise, you will be offered comprehensive training and support, giving your business the best possible chance to thrive. Financial assistance is also available, providing you meet the eligibility criteria.

Have a look at CPA Online. By joining its network of 10 franchisees, you could contribute to this brand's success. A total of £14,750, a reasonable initial investment, is required to start a CPA Online franchise. You might want to consider getting a loan to cover the startup costs, in which case at least £7,375 of the total investment should come from your personal funds. Given these low startup costs, this opportunity is suitable for both first-time investors and established franchisees. This investment entitles you to training, assistance and support from CPA Online.

Lastly, another brand worth considering is Bartercard UK. This brand is developing, counting 75 outlets across the United Kingdom. To start your own Bartercard UK franchise, you will need to invest £6,000, of which at least £2,000 should be your own personal investment. You could apply for a loan to help cover the remaining startup costs. These relatively low startup costs make it a good option to pursue for first-time franchisees. If you can't afford the startup costs on your own, you may qualify for financial aid. Visit our website for more information.

There are currently 41 new business investment opportunities available in the Professional Services sector. If you're still torn between different sectors, no problem! Point Franchise offers close to 250 franchising opportunities across many different sectors. Enjoy exploring your options.

Data on this page was collected from NOMIS and the ONS. This content was machine-generated in partnership with LabSense.