Home Based Franchise opportunities to start in Durham
Durham and its prospects for new Businesses
If you'd like to run your own business but don't know where to start, a franchise might just be the answer. Durham, situated in the North East of England, could be a good place to start as there are many businesses currently recruiting franchisees in the County Durham area. Start by looking for franchise opportunities in the line of work you are most interested in. This will most likely lead you to a brand that sparks your curiosity.
The population of County Durham is made up of 527,000 residents. Residents aged over 60 years old make up the majority of the population. The economically active population in County Durham amounts to 244,900 people, with an unemployment rate of 5.7%. This rate is slightly higher than the national average. County Durham has an average annual salary of £27,594, which is slightly lower than the national average income of £30,629.
What the Home Based business sector could offer you
The Home Based business sector currently offers 30 franchise opportunities. If this sector appeals to you, have a look at our options.
Take a look at these three business examples
Veeno operates in the Home Based business sector. By joining its eight franchises already in operation, you could contribute to this company's expansion. This business opportunity requires an initial investment of £80,000. You could get a loan to help cover startup costs, in which case your personal investment will generally need to cover 30 to 50% of the total investment. Veeno asks for a minimum personal investment of £35,000. Due to the higher startup costs, this option is not advisable for first-time franchisees. A large premises will also be required to operate this business. If you can't afford the startup costs on your own, you may be eligible for financial assistance.
Another interesting franchising opportunity is Choice Home Tutoring. This brand is growing, counting four outlets in the United Kingdom. A reasonable initial investment of £17,500 will enable you to start your own Choice Home Tutoring business. In most cases, your personal investment should represent 30 to 50% of the total amount. Choice Home Tutoring requires you to personally invest at least £6,000. You could potentially apply for a loan to cover the remaining costs. These relatively low startup costs make it a good option to pursue for first-time franchisees. Also, if you can't cover the startup costs alone, you may be entitled to financial aid.
Finally, Homeclean is another interesting franchise option if you plan to invest in the Home Based business sector. By joining its network of 25 franchisees, you could contribute to this brand's success. You will need to invest £18,000 to start your own Homeclean business. At least £12,000 of this affordable amount should come from your own personal investment. These low startup costs make this a good franchising option for first-time franchisees. If eligible, you might be able to benefit from financial aid. See our website for more information.
If you are considering opening a franchise business in the Home Based business sector, you might be interested to browse our 30 available brands. If you're interested in exploring franchising options in other sectors, Point Franchise has close to 250 brands to choose from.
NOMIS and the ONS provided the data shown on this page. This text was automatically generated by LabSense.