Home Care Franchise opportunities to start in Bishop's Stortford
What to consider when starting a franchise in Bishop's Stortford
If you'd like to run your own business but don't know where to start, a franchise might just be the answer. Bishop's Stortford, situated in the East of England, could be a good place to start as there are many brands currently recruiting franchisees in the East Hertfordshire area. Why not have a look through our range of franchising options? There are opportunities to suit various needs and career objectives.
There are an estimated 148,000 people living in the East Hertfordshire area. The 40-59 age group makes up the majority of the population. The region has 70,700 economically active people, representing 77.1% of the population, with an unemployment rate of 1.9%. This rate is significantly lower than the country's 4% national average. The UK's annual average income is just over £30,500. Salaries in East Hertfordshire are significantly higher in comparison, averaging £48,836 a year.
Home Care services: An interesting opportunity for franchisees
If you would like to operate a Home Care franchise, you are likely to find one that appeals to you among nine available across the UK. 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 opportunities include two Security franchises, three Funeral franchises, 17 Education franchises, five Drainage franchises and 19 Care franchises. See if there's one to suit your business goals.
Want to know more? Read about these three brands
If you're planning to invest in Home Care services, take a look at Heritage Healthcare, a brand that opened in 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. Given these higher startup costs, this is an opportunity best suited for most established franchisees with greater access to financial resources.
Radfield Home Care is another interesting investment opportunity if you plan to invest in Home Care services. By joining its 13 franchises already in operation, you could contribute to this company's expansion. Starting a Radfield Home Care business requires a substantial initial investment of £90,000. If you intend to get a loan to cover the startup costs, Radfield Home Care asks for a personal investment of at least £27,000. For most franchises, this amount represents 30 to 50% of the total investment. Due to the higher startup costs, this option is not recommended for first-time franchisees.
Lastly, another option to consider is Apollo Care. This brand is developing, counting nine outlets across the UK. To start your business, you will need an initial investment of £26,000. 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 Apollo Care, the minimum personal investment is £5,000. These relatively low startup costs make it a good option to pursue for first-time franchisees. Financial assistance is available for eligible franchisees. See our website for more information.
Eager to read more about business opportunities in Home Care services? Explore our nine available options. At Point Franchise, we have almost 250 new business investment opportunities available, giving you plenty to choose from in other sectors too.
This text was automatically generated in partnership with LabSense, using data collected from NOMIS and the ONS.