Home Based Franchise opportunities to start in Lancaster
Lancaster is an attractive town to invest in
Lancaster, located in the North West of England, offers a number of new business investment opportunities, especially if you like working for yourself but not on your own. Learn more about our franchising possibilities here. You might just find the right brand for starting your own business in the Lancaster area. Explore our extensive possibilities in order to find the right brand for you, and you'll be one step closer to starting your own business.
According to recent census data, there are 144,000 people living in Lancaster. When broken down by age group, the 20-39 age range is the most prevalent in the population. The region has a labour force of 62,900 people, or 69.5% of the total population. The unemployment rate (4.7%) is high compared to the rest of the UK. Residents of Lancaster have an annual average salary of £27,639. In comparison, the average gross income in the UK is £30,629.
Business options in the Home Based business sector
Across the United Kingdom, there are currently 30 opportunities to run your own franchise in the Home Based business sector.
Three franchise business examples
If you're interested in the Home Based business sector, take a look at Greensleeves. By joining its current 96 franchisees, you would be joining a growing brand network. A reasonable initial investment of £26,950 will enable you to open your own Greensleeves franchise. In most cases, your personal investment should represent 30 to 50% of the total amount. Greensleeves requires you to personally invest at least £9,000. You could potentially apply for a loan to cover the remaining costs. These low startup costs make this a good franchising option for first-time franchisees. If you can't afford the startup costs on your own, you may be eligible for financial assistance.
FiltaFry is another interesting investment opportunity if you plan to invest in the Home Based business sector. There are 39 locations open so far, and the network is expanding. This business opportunity requires an affordable initial investment of £14,950. You could get a loan to help cover startup costs, in which case your personal investment will usually need to cover 30 to 50% of the total investment. FiltaFry requires a minimum personal investment of £5,000. These low startup costs make this a good franchising option for first-time franchisees.
Lastly, another option to consider is Veeno. The brand is growing, with eight outlets currently in operation, and a desire to expand further. Starting a Veeno business requires an initial investment of £80,000. At least £35,000 should come from your own personal investment. Given these higher startup costs, this opportunity is less suitable for first-time franchisees. A large premises will also be required to operate this business. If you make the decision to invest in this franchise, financial aid is available, providing you meet the eligibility criteria. Visit our website for details.
Opening a business in the Home Based business sector has great potential. If you're interested, have a look at our 30 available options. With close to 250 franchising opportunities to choose from across different sectors, you have a good chance of finding a brand that meets your needs on Point Franchise.
This page contains data collected from NOMIS and the ONS. This content was automatically generated by LabSense.