Home Care Franchise opportunities to start in Nottingham
Nottingham: A great location to start a business
You could start your own business by becoming a franchisee in Nottingham. Nottingham, located in the East Midlands, offers a variety of new business investment possibilities. On this page, you'll find a range of brands looking for franchisees. Browse our extensive possibilities in order to find the right franchise for you, and you'll be one step closer to opening your own business.
Recent figures show that 331,000 people live in Nottingham. The population's most prevalent age group is made up of 20-39 year olds. The local unemployment rate of 8% is high compared to the UK average of 4%. The local labour force consists of 155,900 people, making up 69.5% of the population. The UK's annual average income is £30,629. Salaries in Nottingham are lower in comparison, averaging £24,333 a year.
Why choose to open a business in Home Care services?
Across the United Kingdom, there are currently nine opportunities to run your own franchise in Home Care services. In addition to the business opportunities in Home Care services, the Personal & Home Care Services sector offers 17 Healthcare franchise, three Funeral franchises, five Drainage franchises, 12 Tutoring franchise and four Medical franchises. Take a look at the brands to see if your perfect match is among them.
Take a look at three franchise business examples
Home Care services offer a variety of brands to choose from, including Radfield Home Care. By joining its network of 13 franchisee, you could contribute to this brand's success. Starting a Radfield Home Care business requires a significant initial investment of £90,000. At least £27,000 should come from your own personal investment. 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 eligible, you might be entitled to financial assistance.
If Home Care services appeal to you, Right at Home is another option you could consider. By joining its current 49 franchisee, you would become a part of a growing brand network. Opening 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. Due to the higher startup costs, this option is not recommended for first-time franchisees. If you make the decision to invest in this franchise, financial aid is available, providing you meet the eligibility criteria. Visit our website for more information.
Lastly, another interesting franchising opportunity is Heritage Healthcare, which was first established in 2013. This business requires a significant initial investment of £95,994. If you intend to get 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 Heritage Healthcare business is £35,994. Given these higher startup costs, this is an opportunity best suited for most established franchisees with greater access to financial resources.
Home Care services have many successful franchise businesses. We currently have nine options available in this sector. If you're interested in exploring franchising opportunities in other sectors, Point Franchise has close to 250 brands to choose from.
This page contains machine-generated content provided by LabSense, using data collected from NOMIS and the ONS.