Home Care Franchise opportunities to start in Tynemouth

Why should you invest in Tynemouth?

Discover the business opportunities waiting for you in Tynemouth, situated in North East England. On this page you'll find a selection of brands that could make you a franchisee in the North Tyneside area. Becoming a franchisee would allow you to run your own business and benefit from comprehensive support. Deciding which sector you'd like to work in will lead you to the businesses that best suit your needs and business objectives.

There are an estimated 206,000 people in the North Tyneside area. The 40-59 age group is the most represented within the population. The region has 102,600 economically active people, representing 80.4% of the population, with an unemployment rate of 3%. This rate is lower than the country's 4% national average. The gross annual income in North Tyneside amounts to £27,665, which is slightly lower than the national average of close to £31,000.

Why Home Care services appeals to franchisees

There are nine UK-based franchises available in Home Care services. Home Care services is actually part of the Personal & Home Care Services sector which offers a wider selection. There are currently nine Nursery franchises, five Drainage franchises, 17 Healthcare franchises, four Medical franchises and 12 Senior Care franchises recruiting at this time. Amongst these options, there is likely to be one to suit your career goals and aspirations.

Read about these three brands to see what franchise options exist

Home Care services has many franchise options available, such as Kare Plus, which opened in 1989. The company has built strong customer loyalty over the past 31 years. By joining its current 70 franchisees, you would become a part of a growing brand network. In order to start a Kare Plus business, a reasonable initial investment of £75,000 is required. If you plan on getting a loan to cover the startup costs, you will usually need to cover 30 to 50% of the total investment yourself. Kare Plus asks for a personal investment of at least £25,000. These relatively low startup costs make it a good option to pursue for first-time franchisees.

Another possibility to consider is Heritage Healthcare. The brand was first established in 2013. Opening a Heritage Healthcare business requires a significant initial investment of £95,994. At least £35,994 should come from your own personal investment. Due to the higher startup costs, this option is not advisable for first-time franchisees.

Finally, you could also consider Radfield Home Care. By joining its network of 13 franchisees, you could play a part in this brand's success. You will need to invest £90,000 to begin operating your own Radfield Home Care business, which is a significant initial investment. Your personal investment should account for at least £27,000 of the total amount. Due to the higher startup costs, this option is not recommended for first-time franchisees. You will also need to invest in a small premises to operate this business. If you can't cover the startup costs on your own, you may qualify for financial aid. See eligibility details on our website.

Home Care services offer nine franchising options. If this sector doesn't suit your needs, don't worry. Point Franchise offers close to 250 franchise options across a variety of sectors to help you find your perfect investment opportunity.

NOMIS and the ONS provided the data shown on this page. This text was automatically generated by LabSense.