Estate Agent & Property Franchise opportunities to start in Coventry
Coventry could be home to your new business
If you're considering running your own business in Coventry, located in the West Midlands, you should explore franchising options. Several companies are currently recruiting in the Coventry 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. Why not have a look through our selection of franchising options? There are opportunities to suit many needs and career goals.
The Coventry area has 367,000 residents. Residents aged 20 to 39 years old make up the majority of the population. The local unemployment rate of 5.4% is high compared to the national average of 4%. The local labour force consists of 189,500 people, representing 77.2% of the population. Residents of Coventry have an annual average income of £27,799. In comparison, the average gross salary in the United Kingdom is £30,629.
Running a franchise in the Estate Agent & Property sector
If the idea of running a business in the Estate Agent & Property sector appeals to you, have a look at the 14 brands currently recruiting franchisees in the field. There are currently seven Online Estate Agent franchises and one Mortgage franchise recruiting at this time. Amongst these opportunities, there is likely to be one to suit your career goals and aspirations.
Check out these three business examples
If you like the idea of starting a business in the Estate Agent & Property sector, Nicholas Humphreys Estate Agent could be an option for you. In business since 1999, the brand is now mature and a leader within the sector, having developed its franchise community for 21 years. By joining its current 28 franchisees, you would be joining a growing brand network. A total of £31,200, a reasonable initial investment, is required to open a Nicholas Humphreys Estate Agent franchise. You might want to consider getting a loan to cover the startup costs, in which case at least £15,000 of the total investment should come from your personal funds. Given these low startup costs, this opportunity is suitable for both first-time investors and established franchisees. If you can't cover the startup costs on your own, you may be eligible for financial assistance.
Northwood is another interesting franchising opportunity if you plan to invest in the Estate Agent & Property sector. An initial investment of £50,000 will allow you to start your own Northwood business. Given these higher startup costs, this is an opportunity best suited for most established franchisees with greater access to financial resources.
Finally, Platinum Property Partners, open since 2012, is another interesting option. The brand runs in 370 franchise locations which make up a strong business network. Also, if you can't afford the startup costs alone, you may be able to benefit from financial aid. See our website for details.
If you would like to find out more about franchise opportunities in the Estate Agent & Property sector, have a browse through our 14 available options. Don't forget that we offer new business investment ranges across a variety of sectors on Point Franchise. If you're still looking for the perfect match, just explore our option of 236 franchising possibilities.
This text was automatically generated in partnership with LabSense, using data collected from NOMIS and the ONS.