Nursery Franchise opportunities to start in Letchworth
Investing in Letchworth could be your next move
Located in the East of England, Letchworth is an area with business opportunities on the rise. If working as your own boss with a team behind you sounds appealing, check out our franchising possibilities in North Hertfordshire and take the first step towards running your own business. Browsing our selection of companies and sectors will allow you to pinpoint the type of business that is right for you.
The North Hertfordshire region has 133,000 residents. Residents aged 40 to 59 years old are the most represented within the population. Unemployment affects 4% of the UK population. With a rate of 3.7%, unemployment in this area is in line with the national average. The economically active population amounts to 68,400 people, representing 83.9% of the population. The area's average gross annual income of £35,383 is higher than the average income of £30,629 across the United Kingdom.
Child Care services and its investment options
There are nine franchises in Child Care services to choose from. This is just one of the sectors you could choose within the Personal & Home Care Services sector. There are also 17 Education franchises, 19 Care franchises, five Drainage franchises, five Gardening & Lawn Care franchises and nine Nursery franchises. Have a look and see if any are a good fit for you. The Health Care sector provides employment for many people. In North Hertfordshire, businesses currently employ 4,500 people in the industry.
Want to know more? Read about these three brands
If working in Child Care services appeals to you, take a look at Choice Home Tutoring. This brand is developing, counting four locations in the UK. A total of £17,500, a reasonable initial investment, is required to open a Choice Home Tutoring franchise. You might want to consider getting a loan to cover the startup costs, in which case at least £6,000 of the total investment should come from your personal funds. These low startup costs make this a good franchising option for first-time franchisees. By investing in this franchise, you may qualify for financial assistance.
Another interesting investment opportunity is Gymboree, which has been operating since 2000. Gymboree has proved itself to be a successful business and leader in the sector in its 20 years since opening. There are 30 outlets open so far, and the network is expanding. Starting a Gymboree franchise will require you to invest a minimum of £93,000. At least £60,000 of this should come from your own personal investment. The higher startup costs make this an opportunity best suited for most established franchisees with greater access to financial resources. An investment in this franchise entitles you to financial aid, if eligible.
Promedica24 is a third interesting franchise option in Child Care services. By joining its 100 franchises already in operation, you could contribute to this brand's expansion. You will need to invest £40,000 to start operating your own Promedica24 business, which is a reasonable initial investment. Your personal investment should account for at least £1,000 of the total amount. 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 alone, you may be entitled to financial aid. Visit our website for details.
Many businesses are already operating in Child Care services. We currently have nine franchise opportunities available in the sector. If you are still not sure which sector best suits your needs, have a look through our range of 236 new business investment opportunities across different sectors on Point Franchise.
Data on this page was collected from NOMIS and the ONS. This content was machine-generated in partnership with LabSense.