Home Based Franchise opportunities to start in Colchester
What to know before starting a franchise in Colchester
Discover the franchise options waiting for you in Colchester, situated in the East of England. On this page you'll find a selection of brands recruiting franchisees in the Colchester area. Franchising is an opportunity to operate your own business, complete with training and marketing support. Start by looking for franchise options in the line of work you are most interested in. This will most likely help you find a brand that sparks your curiosity.
There are 193,000 people in the Colchester region. When broken down by age range, 20-39 year olds represent the largest portion of the population. The local unemployment rate of 3.6% is below par compared to the national average of 4%. The local labour force consists of 93,800 people, making up 75.6% of the population. Across the United Kingdom, the annual gross salary is just over £30,500 on average. In the area of Colchester, it is £33,390.
Could the Home Based business sector be the right choice for you?
If the idea of running a business in the Home Based business sector appeals to you, check out the 30 brands currently recruiting franchisees in the sector.
Three examples of available franchise business opportunities
The Home Based business sector has many franchise options available, such as The Beautiful Method. By joining its current three franchisees, you would be joining a growing brand network. Opening a Beautiful Method franchise will require you to invest a minimum of £18,120. At least £10,000 of this should come from your own personal investment. Given these low startup costs, this option could be suitable for first-time franchisees. An investment in this franchise entitles you to financial aid, if eligible.
Your Mortgage Plus is another attractive brand operating in the Home Based business sector. This business requires a reasonable initial investment of £19,995. If you plan on getting a loan to cover startup costs, you should anticipate adding a personal investment of 30 to 50% of the total investment as a general rule. The minimal personal investment to open a Your Mortgage Plus business is £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 see if you qualify for financial assistance.
As a final Home Based franchise option, have a look at Red Herring Games. The brand is developing, with one outlet currently in operation, and a desire to expand further. Initially, you would need to invest £8,495 to get your own Red Herring Games business up and running. These relatively low startup costs make it a good option to pursue for first-time franchisees. Also, if you can't afford the startup costs on your own, you may qualify for financial support. See eligibility details on our website.
There are currently 30 new business investment opportunities available in the Home Based business sector. If you're curious about business options in other sectors, we've got a total of close to 250 franchising opportunities to choose from on Point Franchise.
Data on this page was provided by NOMIS and the ONS. This content was machine-generated in partnership with LabSense.