Home Care Franchise opportunities to start in Plymouth
Investing in Plymouth could be your next move
The Plymouth area offers many interesting business opportunities. If you like the idea of running your own business, you should consider franchising. This would allow you to work for yourself while benefiting from the support of an established brand. Have a look on this page to discover the franchise options available to you in Plymouth. By exploring the sectors that appeal to you the most, you will find the franchises that best suit your interests and business goals.
The Plymouth area has a population of 263,000 people. The most prevalent age range in the population is 20 to 39 years old. The labour force in Plymouth amounts to 129,300 people, with an unemployment rate of 4.6%. This rate is slightly higher than the national average. The average annual salary across the UK is close to £31,000. With a gross income averaging £24,371, residents of Plymouth have a lower salary than the national average.
Could Home Care services be the right choice for you?
There are nine franchises in Home Care services to choose from. Bear in mind that the potential for exciting business plans in the Personal & Home Care Services sector is not limited to Home Care services. Other available investment options include two AC franchises, three Funeral franchises, 12 Senior Care franchises, 18 Child Care franchises and 17 Education franchises. See if there's one to suit your career goals.
Here are three examples of franchise businesses
There are many interesting franchising opportunities in Home Care services. Take Heritage Healthcare for example, a business that 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. Given these higher startup costs, this opportunity is less suitable for first-time franchisees.
Apollo Care is another interesting option. There are nine outlets open so far, and the network is expanding. This business opportunity requires an affordable initial investment of £26,000. You could get a loan to help cover startup costs, in which case your personal investment will typically need to cover 30 to 50% of the total investment. Apollo Care requires a minimum personal investment of £5,000. 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. When investing in this franchise, you could be eligible for financial assistance.
Lastly, another brand worth considering is Radfield Home Care. By joining its 13 franchises already in operation, you could contribute to this company's expansion. You will need to invest £90,000 to start operating your own Radfield Home Care business, which is a substantial 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 advisable for first-time franchisees. You will also need to invest in a small premises to operate this business. Also, if you can't afford the startup costs on your own, you may qualify for financial support. See our website for more information.
There are nine franchises waiting to be discovered in Home Care services. You will find a total of close to 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 machine-generated content provided by LabSense, using data collected from NOMIS and the ONS.