IT, High-Tech & Online Franchise opportunities to start in Paignton
Paignton and its prospects for new Businesses
If you're considering running your own business in Paignton, located in the South West, you should look at franchising options. Several brands are currently recruiting in the Torbay area. As a franchisee you could run your own business while benefitting from comprehensive support. Keep reading to find out if this could be for you. Starting a business should be exciting! Have a look at our range of franchising options, focusing on the sectors that you feel most passionate about.
Recent figures show that 136,000 people live in Torbay. Residents aged over 60 years old make up the prevalent age group in the population. The local labour force consists of 59,400 people, or 78.1% of the total population. With an unemployment rate of 4.1%, recent data indicates that employment in this area is in line with the rest of the United Kingdom. The area's average gross annual income of £23,343 is lower than the average income of close to £31,000 across the United Kingdom.
What the IT sector could offer you
The IT sector currently offers 25 franchise opportunities. If this sector appeals to you, take a look at our options. You will find five Computer franchises, three Video Game franchises, two Mobile Phone franchises, three Game franchises and seven Online & Internet franchises offering the opportunity to invest. Check out our available brands to find a potential match.
Three franchise business examples
Spoton.net operates in the IT sector. By joining its current 30 franchisees, you would become a part of a growing brand network. This business opportunity requires an affordable initial investment of £14,000. You could get a loan to help cover startup costs, in which case your personal investment will typically need to cover 30 to 50% of the total investment. Spoton.net requires a minimum personal investment of £8,000. 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 be eligible for financial assistance.
Another opportunity worth considering is Computer Xplorers. To open your own Computer Xplorers franchise, you will need to invest £14,950. You could also benefit from financial aid, if eligible.
Jam Coding is a third interesting franchising opportunity in the IT sector. There are one outlet open so far, and the network is expanding. A total of £19,950, an affordable initial investment, is required to start a Jam Coding franchise. You might want to consider getting a loan to cover the startup costs, in which case at least £4,000 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. Also, if you can't afford the startup costs on your own, you may qualify for financial support. See our website for details.
If you would like to work in the IT sector, the perfect business opportunity could be waiting for you among our 25 available franchises in the sector. Point Franchise has almost 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.
NOMIS and the ONS provided the data shown on this page. This text was automatically generated by LabSense.