Home Based Franchise opportunities to start in Northampton
Is Northampton a good place to become a franchisee?
If you want to start your own business, you may find that Northampton has a lot to offer. Many companies are currently looking for franchisees in the Northampton area. Read on to see if running a franchise could be a good option for you! Deciding which sector you'd like to work in will lead you to the businesses that best suit your needs and business objectives.
There are an estimated 225,000 people living in the Northampton area. The 20-39 age range makes up the majority of the population. In terms of employment, the region has an economically active population of 120,300 people (83.0%), of which the unemployment rate is 5.1%. This figure is slightly higher than the average unemployment rate across the United Kingdom. Northampton has an average annual income of £29,501, which is in line with the national average salary of close to £31,000.
Why the Home Based business sector appeals to franchisees
Across the United Kingdom, there are 30 franchises operating in the Home Based business sector.
Read about these three brands to see what franchise options exist
The Home Based business sector offers a variety of franchises to choose from, including Business Partnership. By joining its 19 franchises already in operation, you could contribute to this brand's expansion. In order to open a Business Partnership business, a reasonable initial investment of £34,000 is required. If you plan on getting a loan to cover the startup costs, you will generally need to cover 30 to 50% of the total investment yourself. Business Partnership asks for a personal investment of at least £20,000. These relatively low startup costs make it a good option to pursue for first-time franchisees. Good to know: you won't need any premises as you can work from home. If you can't afford the startup costs on your own, you may be eligible for financial assistance.
Photography for Little People is another interesting franchise option if you plan to invest in the Home Based business sector. Launched in 2005, the brand has gained valuable experience and expertise over the past 15 years.
Lastly, another interesting franchising opportunity is Your Mortgage Plus. There are five locations open so far, and the network is expanding. This business opportunity requires an affordable initial investment of £19,995. 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. Your Mortgage Plus requires a minimum personal investment of £9,995. Whether you're an established franchisee or a first-time investor, the low startup costs mean that this could be a good option for you. If you can't cover the startup costs on your own, you could find out if you qualify for financial aid. See eligibility details on our website.
If you are interested in the Home Based business sector and want to discover more franchising opportunities, have a look at the 30 brands available in this sector. But you also have plenty of investment possibilities 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.