Home Based Franchise opportunities to start in Lincoln
Lincoln is an attractive town to invest in
Are you thinking about opening a franchise? Lincoln, in the East Midlands, could have a lot to offer. By becoming a franchisee, you could benefit from training and marketing support from an established brand while running your own business. Check out the brands currently recruiting in Lincoln. Explore our different franchising opportunities to find the sectors and brands that most appeal to you.
The Lincoln area has a population of 99,000 people. The population's most prevalent age group is made up of 20-39 year olds. The region has 50,600 economically active people, representing 78.3% of the population, with an unemployment rate of 6.1%. This rate is slightly higher than the country's 4% national average. The average gross income in the UK is £30,629. Residents of Lincoln earn £24,278 a year on average.
Why choose to open a business in the Home Based business sector?
Are you interested in the Home Based business sector? If so, there are 30 available brands to choose from across the country.
Have a look at these three business examples
There are many interesting franchising options in the Home Based business sector. Take Bright & Beautiful for example. There are 65 locations open so far, and the network is expanding. A reasonable initial investment of £29,950 will enable you to open your own Bright & Beautiful franchise. In most cases, your personal investment should represent 30 to 50% of the total amount. Bright & Beautiful requires you to personally invest at least £10,000. You could potentially get a loan to cover the remaining costs. These low startup costs make it a good option to pursue for first-time franchisees. Financial assistance is available for eligible franchisees.
Another brand worth considering is Choice Home Tutoring. The brand is expanding, with four outlets currently in operation, and a desire to expand further. You will need to invest £17,500 to start operating your own Choice Home Tutoring business, which is a reasonable initial investment. Your personal investment should account for at least £6,000 of the total amount. Given these low startup costs, this opportunity is suitable for both first-time investors and established franchisees. If you can't afford the startup costs on your own, you may qualify for financial aid.
Lastly, another option to consider is Right at Home. By joining its network of 49 franchisees, you could contribute to this brand's success. In order to start a Right at Home business, a significant initial investment of £120,000 is required. If you plan on getting a loan to cover the startup costs, you will typically need to cover 30 to 50% of the total investment yourself. Right at Home requires a personal investment of at least £40,000. Due to the higher startup costs, this option is not advisable for first-time franchisees. An investment in this franchise entitles you to financial aid, if eligible. See our website for more information.
There are currently 30 new business investment opportunities available in the Home Based business sector. If this sector doesn't suit your needs, don't worry. Point Franchise offers almost 250 franchise options across a variety of sectors to help you find your perfect business opportunity.
NOMIS and the ONS provided the data shown on this page. This text was automatically generated by LabSense.