IT, High-Tech & Online Franchise opportunities to start in Torquay
What to consider when starting a franchise in Torquay
Franchising is a great way to start your own business, while benefitting from the comprehensive support of an established brand. Check out our range of brands in Torquay, located in the Torbay area in South West England, where many companies are currently recruiting. Explore our extensive possibilities in order to find the right brand for you, and you'll be one step closer to opening your own business.
Recent figures show that 136,000 people live in Torbay. The population's most prevalent age group is made up of 60+ year olds. The community has a 4.1% unemployment rate, which is in line with the national average of 4%. Overall, the region's economically active population consists of 59,400 people or 78.1% of the total population. The average annual income across the United Kingdom is just over £30,500. With a gross salary averaging £23,343, residents of Torbay have a lower salary than the national average.
What the IT sector could offer you
The IT sector currently offers 25 franchise opportunities. If this sector appeals to you, have a look at our options. There are currently seven Online & Internet franchises, two Mobile Phone franchises, three Video Game franchises, five Computer franchises and three Game franchises recruiting franchisees. Have a look to see whether any fit your career goals and aspirations.
Three franchise business examples
If you are interested in starting a business in the IT sector, Families Magazine could be an option for you. First established in 1992, Families Magazine has proved itself to be a successful business and leader in the field in its 28 years since opening. By joining its 35 franchises already in operation, you could contribute to this brand's expansion. To start your own Families Magazine business, you will need an initial investment of £12,500. These relatively low startup costs make it a good option to pursue for first-time franchisees. Financial assistance is available for eligible franchisees.
Another option to consider is Spoton.net. There are 30 locations open so far, and the network is expanding. To start your business, you will need an initial investment of £14,000. If you plan on getting a loan to cover the costs of opening a franchise, a personal investment of 30 to 50% of the total amount will generally be required. For Spoton.net, the minimum personal investment is £8,000. These low startup costs make it a good option to pursue for first-time franchisees. If you can't cover the startup costs on your own, you could find out if you qualify for financial aid.
The IT sector has many brands worth considering. As a final example, take a look at Computer Xplorers. This business opportunity requires a reasonable initial investment of £14,950.
There are currently 25 available franchise options in the IT sector. Take a look at these brands to find out if there's a good fit for you. If you're interested in exploring franchising options in other sectors, Point Franchise has close to 250 brands to choose from.
This text was automatically generated in partnership with LabSense, using data collected from NOMIS and the ONS.