IT, High-Tech & Online Franchise opportunities to start in Newcastle upon Tyne
Newcastle upon Tyne is an attractive town to invest in
If you want to open a business in Newcastle upon Tyne, working for yourself but not on your own, then check out our franchising options in the North East of England. On this page, you will find a variety of brands to choose from for becoming a franchisee in the Newcastle upon Tyne area and across the United Kingdom. There are a number of new business investment opportunities available based on your budget and career goals. Have a look to find the brand that appeals to you most.
Newcastle upon Tyne has a population of approximately 300,000 people. The population's most prevalent age group is made up of 20-39 year olds. The community has a 5.2% unemployment rate, which is slightly higher than the national average of 4%. Overall, the region's economically active population consists of 141,500 people or 70.9% of the total population. Across the United Kingdom, the average gross income is £30,629. In the Newcastle upon Tyne area, it is £29,204.
The IT sector and its franchising options
Across the UK, there are 25 franchises operating in the IT sector. Could your ideal business be among our three Video Game franchises, three Game franchises, seven Online & Internet franchises, two Mobile Phone franchises and five Computer franchises? Have a browse to find out.
Have a look at three franchise business examples
If you'd like to run your own IT business, Spoton.net might be a great option for you. By joining its network of 30 franchisees, you could play a part in this brand's success. A total of £14,000, an affordable initial investment, is required to start a Spoton.net franchise. You might want to consider getting a loan to cover the startup costs, in which case at least £8,000 of the total investment should come from your personal funds. These relatively low startup costs make it a good option to pursue for first-time franchisees. If eligible, you might be able to benefit from financial assistance.
Techclean is another successful business operating in the IT sector. An affordable initial investment of £19,500 will enable you to start your own Techclean business. In most cases, your personal investment should represent 30 to 50% of the total amount. Techclean requires you to personally invest at least £6,000. You could potentially get a loan to cover the remaining costs. 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. If you choose to invest in this franchise, financial aid is available, providing you meet the eligibility criteria.
Finally, have a look at Families Magazine, another attractive IT franchise that launched in 1992. Families Magazine now has over 28 years of experience under its belt. The brand is expanding, with 35 locations currently in operation, and a desire to expand further. Opening a Families Magazine business requires an initial investment of £12,500. Given these low startup costs, this option could be suitable for first-time franchisees. Financial aid can be given in some circumstances. See our website for details.
Eager to read more about business opportunities in the IT sector? Check out our 25 available options. At Point Franchise, we are proud to offer 236 franchise options across different sectors, helping you find the perfect investment opportunities for you.
This page contains machine-generated content provided by LabSense, using data collected from NOMIS and the ONS.