Home Care Franchise opportunities to start in Sunderland
Is Sunderland a good place to become a franchisee?
If you want to start a business in Sunderland, working for yourself but not on your own, then check out our franchising opportunities in North East England. On this page, you will find a variety of brands to choose from for becoming a franchisee in the Sunderland area and across the UK. With your interests and business goals in mind, have a look at our range of new business investment options.
There are 277,000 people in the Sunderland area. Residents aged 40 to 59 years old make up the prevalent age group within the population. Unemployment in the area (7.1%) is high compared to the United Kingdom as a whole (4%). The labour force represents 74.5% of the local population, or 130,000 people. Salaries in Sunderland average £24,167 a year, while in the United Kingdom the average salary is £30,629.
Why Home Care businesses appeal to franchisees
Across the United Kingdom, there are currently nine opportunities to run your own franchise in Home Care services. Home Care services are part of the Personal & Home Care Services sector, which also offers three Plumbing franchises, 17 Healthcare franchises, 17 Education franchises, two AC franchises and four Medical franchises. The right business to suit your career objectives and aspirations might just be among them.
Three brands worth your attention
First established in 2013, Heritage Healthcare is a competitive business operating in Home Care services. A significant initial investment of £95,994 will enable you to open your own Heritage Healthcare business. In most cases, your personal investment should represent 30 to 50% of the total amount. Heritage Healthcare requires you to personally invest at least £35,994. You could potentially get a loan to cover the remaining costs. Given these higher startup costs, this opportunity is less suitable for first-time franchisees.
Radfield Home Care is another interesting franchising opportunity if you plan to invest in Home Care services. By joining its 13 franchises already in operation, you could contribute to this company's expansion. This business requires a substantial initial investment of £90,000. 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 Radfield Home Care business is £27,000. The higher startup costs make this an opportunity best suited for most established franchisees with greater access to financial resources. You will also need to invest in a small premises to operate this business.
Lastly, you could also consider Right at Home. This brand is expanding, counting 49 outlets across the country. Starting a Right at Home franchise will require you to invest a minimum of £120,000. At least £40,000 of this should come from your own personal investment. The higher startup costs make this an opportunity best suited for most established franchisees with greater access to financial resources. You could also benefit from financial aid, if eligible. See our website for more information.
If you would like to take a look at more franchising options in Home Care services, we currently have nine available opportunities. Whether you've already made the decision to invest or are still weighing your options, it's worth looking at different sectors. At Point Franchise, we have a total of almost 250 franchising opportunities to help you find the perfect fit.
This text was automatically generated in partnership with LabSense, using data collected from NOMIS and the ONS.