Home Based Franchise opportunities to start in Lowestoft
Lowestoft and its prospects for new Businesses
If you're considering running your own business in Lowestoft, located in the East of England, you should look at franchising options. Several companies are currently recruiting in the Suffolk area. As a franchisee you could manage your own business while benefitting from comprehensive support. Keep reading to see if this could be for you. If you already know which line of work you'd like to pursue, check out our franchise opportunities in that sector. If not, look around and see what other options catch your eye. We have businesses to suit all kinds of interests and career goals.
The population of Suffolk is 759,000. The 60+ age range makes up the majority of the population. In terms of employment, the area has an economically active population of 350,800 people (80.2%), of which the unemployment rate is 2.4%. This figure is significantly lower than the average unemployment rate in the United Kingdom. Suffolk has an average annual salary of £29,129. This salary is in line with the rest of the UK, which has an average income of just over £30,500.
Why the Home Based business sector might be a good option for you
Are you interested in running your own business in the Home Based business sector? Take a look at our 30 franchise options available in this sector.
Three franchises that might interest you
There are many interesting franchising possibilities in the Home Based business sector. Take Greensleeves for example. The brand is growing, with 96 locations currently in operation, and a desire to expand further. Starting a Greensleeves franchise requires a reasonable initial investment of £26,950. If you plan on getting a loan to cover the startup costs, Greensleeves asks for a personal investment of at least £9,000. For most franchises, this amount represents 30 to 50% of the total investment. 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. Eligible candidates may apply for financial assistance.
Another option worth considering is Choice Home Tutoring. By joining its network of four franchisees, you could contribute to this brand's success. To start your business, you will need an initial investment of £17,500. If you intend to get a loan to cover the costs of opening a franchise, a personal investment of 30 to 50% of the total amount will generally be required. For Choice Home Tutoring, the minimum personal investment is £6,000. Given these low startup costs, this opportunity is suitable for both first-time investors and established franchisees. You could also benefit from financial aid, if eligible.
Finally, Satchel Learning could be another good option for you to invest in. By joining its three franchises already in operation, you could contribute to this brand's expansion. Initially, you would need to invest £8,000 to get your own Satchel Learning business up and running. These low startup costs make it a good option to pursue for first-time franchisees.
If you are interested in the Home Based business sector and would like to discover more franchising opportunities, take a look at the 30 brands available in this sector. Point Franchise has close to 250 franchising opportunities across a wide variety of sectors. So if this sector isn't for you, there are still lots of investment options to explore.
Data on this page was collected from NOMIS and the ONS. This content was machine-generated in partnership with LabSense.