Estate Agent & Property Franchise opportunities to start in Torquay
What to consider when opening a business in Torquay
Torquay, located in the South West, currently offers many franchising opportunities. As a franchisee, you could run your own business while receiving expert training and support from an established brand. Keep reading to explore the options in the Torbay area. Browsing our selection of brands and sectors will allow you to pinpoint the type of business that is right for you.
There are an estimated 136,000 people living in the Torbay area. When broken down by age range, 60+ year olds represent the largest portion of the population. Unemployment in the area (4.1%) is comparable to the UK as a whole (4%). The labour force represents 78.1% of the local population, or 59,400 people. Salaries in Torbay average £23,343 a year, while in the United Kingdom the average salary is just over £30,500.
What the Estate Agent & Property sector could offer you
If you're thinking about becoming a franchisee in the Estate Agent & Property sector, have a look at our 14 franchise options currently available in the field. The Estate Agent & Property sector is just one example of the options available in the Estate Agency & Property sector. Other opportunities include one Mortgage franchise and seven Online Estate Agent franchises. Have a browse, the perfect investment opportunity for you could be a few clicks away.
Three franchise businesses worth reading about
If you plan to invest in an Estate Agent & Property business, you could consider Century 21. The brand has developed over time and now operates in 8,000 different locations. You will need an initial investment of £100,000 to start your own Century 21 business. Your personal investment should account for at least £60,000 of the total amount. You may want to consider getting a loan to open a business in this sector. The higher startup costs make this an opportunity best suited for most established franchisees with greater access to financial resources. You may be eligible for financial assistance.
Nicholas Humphreys Estate Agent is another competitive brand operating in the Estate Agent & Property sector. The first franchise launched in 1999. The brand has gained valuable experience and expertise over the past 21 years. 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 option could be suitable for first-time franchisees. Financial support is available for eligible franchisees. Visit our website for details.
Lastly, Belvoir is an interesting investment opportunity in the Estate Agent & Property sector. First launched in 1998, Belvoir now has over 22 years of experience under its belt. The brand's network is important, counting 195 outlets in the UK. In order to start a Belvoir business, a substantial initial investment of £150,000 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. Belvoir requires a personal investment of at least £45,000. Given these higher startup costs, this opportunity is less suitable for first-time franchisees.
The Estate Agent & Property sector has many successful franchise businesses. We currently have 14 options available in this sector. Whether you've already decided to invest or are still weighing your options, it's worth exploring different sectors. At Point Franchise, we offer a total of close to 250 franchising opportunities to help you find the perfect fit.
Data on this page was provided by NOMIS and the ONS. This content was machine-generated in partnership with LabSense.