Home Care Franchise opportunities to start in Lancaster
Investing in Lancaster could be your next move
The franchising options in Lancaster, located in North West England, are numerous. As a franchisee, you could have the independence of working alone with the support of a team behind you. Stay on this page to find out which brands you could work with in Lancaster. Start by looking for franchise opportunities in the line of work you are most interested in. This will most likely lead you to a brand that sparks your curiosity.
Lancaster has an estimated population of 144,000 residents. The majority of residents are aged 20 to 39 years old. The community has a 4.7% unemployment rate, which is slightly higher than the UK average of 4%. There are 62,900 economically active people in the area, representing 69.5% of the total population. The region's average gross annual income of £27,639 is slightly lower than the average income of close to £31,000 across the United Kingdom.
Why Home Care services appeals to franchisees
There are nine brands offering franchise options in Home Care services. Bear in mind that the Personal & Home Care Services sector offers many investment opportunities in addition to those in Home Care services. Have a look through our five Drainage franchise, two Electrical franchises, five Gardening & Lawn Care franchises, nine Preschool franchises and nine Nursery franchises to see if any suit your career goals and aspirations.
Check out three available franchise opportunities
If you're interested in Home Care services, check out Radfield Home Care. By joining its current 13 franchisees, you would become a part of a growing brand network. To start your business, you will need an initial investment of £90,000. 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 typically be required. For Radfield Home Care, the minimum personal investment is £27,000. Due to the higher startup costs, this option is not recommended for first-time franchisees. A small premises will also be required to operate this business. If you decide to invest in this franchise, financial aid is available, providing you meet the eligibility criteria.
Kare Plus is an interesting investment opportunity in Home Care services. In business since 1989, the brand's extensive experience, good reputation and wide exposure are valuable assets. By joining its 70 franchises already in operation, you could contribute to this company's expansion. You will need to invest £75,000 to start operating your own Kare Plus business, which is a reasonable initial investment. Your personal investment should account for at least £25,000 of the total amount. 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.
Lastly, Right at Home could be another good option for you to invest in. There are 49 outlets open so far, and the network is expanding. In order to start a Right at Home business, a significant initial investment of £120,000 is required. If you plan on getting a loan to cover the startup costs, you will generally need to cover 30 to 50% of the total investment yourself. Right at Home asks for a personal investment of at least £40,000. The higher startup costs make this an opportunity best suited for most established franchisees with greater access to financial resources.
If working in Home Care services appeals to you, take a look at our nine available investment options in the sector. Whether you've already made the decision to invest or are still weighing your options, it's worth exploring 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 provided by NOMIS and the ONS.