Home Care Franchise opportunities to start in Colchester
Thinking about living and working in Colchester?
Located in the East of England, Colchester is an area with business opportunities on the rise. If working as your own boss with a team behind you sounds appealing, take a look at our franchising opportunities in Colchester and take the first step towards managing your own business. Browse our extensive possibilities in order to find the right brand for you, and you'll be one step closer to starting your own business.
There are an estimated 193,000 people in the Colchester area. Residents aged 20 to 39 years old have the highest concentration within the population. Unemployment in the area (3.6%) is low compared to the UK as a whole (4%). The labour force represents 75.6% of the local population, or 93,800 people. Across the United Kingdom, the annual gross income is £30,629 on average. In the area of Colchester, it averages £33,390.
Have you considered Home Care services?
There are currently nine opportunities to invest in Home Care services. If you would like to run a business in this sector, keep reading. This is just one of the sectors you could choose within the Personal & Home Care Services sector. There are also four Medical franchises, nine Preschool franchises, nine Nursery franchises, two Wedding franchises and five Gardening & Lawn Care franchises. Have a browse and find out if any are a good fit for you.
Read about these three brands to see what franchise options exist
There are many interesting franchising possibilities in Home Care services. Take Apollo Care for example. By joining its current nine franchisees, you would become a part of a growing brand network. A total of £26,000, an affordable initial investment, is required to open an Apollo Care franchise. You might want to consider getting a loan to cover the startup costs, in which case at least £5,000 of the total investment should come from your personal funds. Given these low startup costs, this option could be suitable for first-time franchisees. Eligible candidates may apply for financial aid.
Check out Right at Home, another interesting Home Care franchise. By joining its network of 49 franchisees, you could play a part in this brand's success. This business requires a significant initial investment of £120,000. If you plan on getting 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 open a Right at Home business is £40,000. It is thus less appropriate for new investors. When investing in this franchise, you could be eligible for financial assistance. See eligibility details on our website.
Finally, Heritage Healthcare is another successful brand that has been operating in Home Care services since 2013. Starting a Heritage Healthcare business requires a significant initial investment of £95,994. If you intend to get a loan to cover the startup costs, Heritage Healthcare asks for a personal investment of at least £35,994. 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.
Home Care services currently offer nine franchising opportunities. But you also have plenty of investment options in other sectors as well, including more than 232 franchising opportunities available on Point Franchise.
Data on this page was collected from NOMIS and the ONS. This content was machine-generated in partnership with LabSense.