Home Care Franchise opportunities to start in Luton
Luton could be home to your new business
If you're considering running your own business in Luton, located in the East of England, you should look at franchising options. Several brands are currently recruiting in the Luton area. As a franchisee you could run your own business while benefitting from comprehensive support. Keep reading to see if this could be for you. With your interests and business objectives in mind, have a look at our selection of new business investment options.
According to recent census data, 214,000 people live in Luton. Residents aged 20 to 39 years old make up the prevalent age range in the population. The labour force makes up 74.1% of the population, or approximately 103,100 people. The community has an unemployment rate of 5% which is slightly higher than the national average of 4%. The average gross income in the United Kingdom is just over £30,500. Residents of Luton earn £28,196 a year on average.
Why Home Care businesses appeal to franchisees
Across the UK, there are currently nine opportunities to open your own franchise in Home Care services. This is just one of the sectors you could choose within the Personal & Home Care Services sector. There are also three Photography franchises, 17 Education franchises, 11 Handyman franchises, two Security franchises and nine Nursery franchises. Have a look and find out if any are a good fit for you.
Three franchise business examples
If you're interested in Home Care services, check out Right at Home. By joining its current 49 franchisees, you would be joining a growing brand network. In order to start a Right at Home business, a substantial initial investment of £120,000 is required. If you plan on getting a loan to cover the startup costs, you will usually need to cover 30 to 50% of the total investment yourself. Right at Home requires a personal investment of at least £40,000. It is thus less appropriate for new investors. Financial assistance can be given in some circumstances.
Radfield Home Care is another successful brand operating in Home Care services. By joining its 13 franchises already in operation, you could contribute to this company's expansion. To start your own Radfield Home Care franchise, you will need to invest £90,000, of which at least £27,000 should be your own personal investment. You could apply for a loan to help cover the remaining startup costs. 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. If you can't afford the startup costs on your own, you may qualify for financial aid.
Finally, another option to consider is Apollo Care. This brand is developing, counting nine outlets across the country. A reasonable initial investment of £26,000 will enable you to start your own Apollo Care business. In most cases, your personal investment should represent 30 to 50% of the total amount. Apollo Care requires you to personally invest at least £5,000. You could potentially get a loan to cover the remaining costs. These relatively low startup costs make it a good option to pursue for first-time franchisees. If you can't afford the startup costs on your own, you may be eligible for financial aid. Visit our website for details.
Home Care services currently offer nine investment opportunities. Whether you've already decided 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 right fit.
This page contains data provided by NOMIS and the ONS. This content was automatically generated by LabSense.