Home Care Franchise opportunities to start in Lincoln
Lincoln is waiting for you to begin a franchise business
If you're thinking about running your own business in Lincoln, located in the East Midlands, you should look at franchising options. Several companies are currently recruiting in the Lincoln area. As a franchisee you could manage your own business while benefitting from comprehensive support. Keep reading to see if this could be for you. Explore our sectors and brands to find your best options among various franchising opportunities, keeping in mind your personal interests and business objectives.
A recent census found that 99,000 people live in Lincoln. The age group with the highest concentration is 20-39. The local labour force consists of 50,600 people, or 78.3% of the total population. With an unemployment rate of 6.1%, recent data indicates that employment in this area is slightly higher than in the rest of the UK. Across the UK, the annual gross income is close to £31,000 on average. In the region of Lincoln, it is £24,278.
Have you considered Home Care services?
There are nine brands offering franchise options in Home Care services. Bear in mind that the potential for exciting investment opportunities in the Personal & Home Care Services sector is not limited to Home Care services. Other available investment opportunities include 19 Care franchises, nine Preschool franchises, 17 Healthcare franchises, five Baby franchises and two Wedding franchises. See if there's one to suit your career goals.
Three franchise business examples worth looking at
Apollo Care is a competitive business operating in Home Care services. Opening an Apollo Care business requires an affordable initial investment of £26,000. If you plan on getting a loan to cover the startup costs, Apollo Care asks for a personal investment of at least £5,000. For most franchises, this amount represents 30 to 50% of the total investment. Given these low startup costs, this option could be suitable for first-time franchisees. If you can't cover the startup costs on your own, you may be eligible for financial aid.
Radfield Home Care is another interesting option. By joining its current 13 franchisees, you would be joining a growing brand network. To start your business, you will need an initial investment of £90,000. If you intend to get a loan to cover the costs of opening a franchise, a personal investment of 30 to 50% of the total amount will usually be required. For Radfield Home Care, the minimum personal investment is £27,000. It is thus less appropriate for new investors. A small premises will also be required to operate this business. Also, if you can't afford the startup costs on your own, you may qualify for financial assistance. See our website for more information.
Finally, you could also have a look at Heritage Healthcare, which has been in business since 2013. Starting a Heritage Healthcare business requires a significant initial investment of £95,994. At least £35,994 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.
If you are thinking about running a franchise business in Home Care services, you might be interested to explore our nine available brands. You will find a total of almost 250 franchise options on Point Franchise. So if you are still looking for the perfect investment opportunity, there are still plenty of options for you to explore.
This page contains data provided by NOMIS and the ONS. This content was automatically generated by LabSense.