Estate Agent & Property Franchise opportunities to start in Lancaster
What to consider when opening a franchise in Lancaster
The franchising opportunities in Lancaster, located in North West England, are numerous. As a franchisee, you could have the independence of working alone with the support of a team behind you. Stay on this page to discover which brands you could work with in Lancaster. Deciding which sector you'd like to work in will lead you to the brands that best suit your needs and career objectives.
There are an estimated 144,000 people living in the Lancaster area. The age group with the highest concentration is 20-39. The region has a 4.7% unemployment rate, which is slightly higher than the national average of 4%. Overall, the region's labour force consists of 62,900 people or 69.5% of the total population. The average annual salary across the UK is £30,629. With a gross income averaging £27,639, residents of Lancaster have a slightly lower salary than the national average.
Why choose to operate in the Estate Agent & Property sector?
Across the UK, there are 14 franchises in the Estate Agent & Property sector. In fact, the Estate Agency & Property sector as a whole offers a wide variety of franchises to invest in, including seven Online Estate Agent franchises and one Mortgage franchise. Check out our available brands to find a potential match.
Three franchise business examples worth looking at
If you like the idea of opening a franchise in the Estate Agent & Property sector, No Letting Go could be an option for you. The brand is developing, with 65 outlets already in operation, and a desire to expand further. Initially, you would need to invest £17,950 to get your own No Letting Go business up and running. Given these low startup costs, this opportunity is suitable for both first-time investors and established franchisees. Eligible candidates may apply for financial aid.
The Estate Agent & Property sector has many brands worth considering. Take a look at Belvoir. Initially established in 1998, Belvoir now has over 22 years of experience under its belt. The brand runs in 195 franchise locations which make up a well-established business network. Opening a Belvoir business requires a substantial initial investment of £150,000. If you plan on getting a loan to cover the startup costs, Belvoir asks for a personal investment of at least £45,000. For most franchises, this amount represents 30 to 50% of the total investment. Given these higher startup costs, this is an opportunity best suited for most established franchisees with greater access to financial resources.
Century 21 is a third interesting franchising opportunity in the Estate Agent & Property sector. Franchisees benefit from this company's wide network, which operates across 8,000 franchise locations. In order to start a Century 21 business, a substantial initial investment of £100,000 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. Century 21 asks for a personal investment of at least £60,000. Given these higher startup costs, this is an opportunity best suited for most established franchisees with greater access to financial resources.
If you would like to have a look at more new business investment options in the Estate Agent & Property sector, we currently have 14 available opportunities. If you're interested in exploring business options in other sectors, we've got a total of 236 franchising opportunities to choose from on Point Franchise.
NOMIS and the ONS provided the data shown on this page. This text was automatically generated by LabSense.