Home Based Franchise opportunities to start in York
Investing in a franchise in York
Located in Yorkshire and the Humber, York 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 York and take the first step towards managing your own business. Check out our different franchising options to find the sectors and brands that most appeal to you.
Recent figures show that 210,000 people live in York. Residents aged 20 to 39 years old are the most represented within the population. The 2.6% unemployment rate among the 109,700 economically active people in the area is significantly lower than the national average. Across the UK, the annual gross salary is close to £31,000 on average. In the area of York, it is £31,148.
The Home Based sector: An interesting opportunity for franchisees
Across the UK, there are 30 franchises operating in the Home Based sector. Home-based franchising is particularly on the rise because it allow to find some flexibility in the lifestyle better than a traditional office job. It can also be a great move for millennials looking for a remote working opportunity that allows them to become entrepreneurs.
Here are three examples of franchise businesses
Right at Home is an interesting franchise operating in the Home Based sector. The brand is expanding, with 49 outlets already in operation, and a desire to expand further. To start your business, you will need an initial investment of £120,000. 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 Right at Home, the minimum personal investment is £40,000. The higher startup costs make this an opportunity best suited for most established franchisees with greater access to financial resources. The training and assistance provided by Right at Home give you the tools to run your own business successfully. Financial aid can also be provided in some circumstances.
Another interesting franchise option is Bartercard UK. By joining its network of 75 franchisees, you could play a part in this brand's success. To open your own Bartercard UK franchise, you will need to invest £6,000, of which at least £2,000 should be your own personal investment. You could get a loan to help cover the remaining startup costs. These low startup costs make it a good option to pursue for first-time franchisees. You could also benefit from financial assistance, if eligible.
As a final Home Based franchise option, have a look at Veeno. By joining its current eight franchisees, you would be joining a growing brand network. 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 usually need to cover 30 to 50% of the total investment. Veeno requires a minimum personal investment of £35,000. Due to the higher startup costs, this option is not recommended for first-time franchisees. You will also need to invest in a large premises to operate this business. If you make the decision to invest in this franchise, you will be offered comprehensive training and support, giving your business the best possible chance to succeed. Financial aid is also available, providing you meet the eligibility criteria. Visit our website for details.
There are currently 30 new business investment opportunities available in the Home Based sector. Whether you've already decided to invest or are still weighing your options, it's worth exploring different sectors. At Point Franchise, we offer a total of close to 250 franchising opportunities to help you find the perfect fit.
This page contains machine-generated content provided by LabSense, using data collected from NOMIS and the ONS.