Personal & Home Care Services Franchise opportunities to start in Cheltenham
What can Cheltenham offer to new businesses?
Franchising is a great way to start your own business, while benefitting from the comprehensive support of an established brand. Take a look at our selection of brands in Cheltenham, located in the Cheltenham area in the South West, where many companies are currently recruiting. Starting a business should be exciting! Have a look at our range of franchising options, starting with the sectors that you feel most passionate about.
Recent figures show that 117,000 people live in Cheltenham. When broken down by age group, 20-39 year olds represent the largest portion of the population. The 3.8% unemployment rate among 64,100 economically active people in the area is in line with the national average. With an average gross annual income of £36,162, salaries in Cheltenham are significantly higher than the average salary of close to £31,000 across the UK.
Why the Personal & Home Care Services sector might be a good option for you
There are currently 185 opportunities to invest in the Personal & Home Care Services sector. If you would like to operate a business in this sector, keep reading. In fact, you can choose from two Wedding franchises, 12 Senior Care franchises, three Funeral franchises, 19 Care franchises and five Drainage franchises today.
Check out these three business examples
Initially established in 2005, Caremark operates in the Personal & Home Care Services sector. The brand now has 15 years of experience, making it a leader in the field. The brand runs in 110 franchise locations which make up a well-established business community. This business requires a significant initial investment of £139,750. If you intend to get a loan to cover startup costs, you should anticipate adding a personal investment of 30 to 50% of the total investment as a general rule. The minimal personal investment to open a Caremark business is £36,000. It is thus less appropriate for new investors. If you can't afford the startup costs on your own, you may be eligible for financial aid.
Another option worth considering is Lockforce UK, a brand that was first established in 2010. There are 27 locations open so far, and the network is expanding. Initially, you would need to invest £14,995 to get your own Lockforce UK business up and running. 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. Financial support is available for eligible franchisees. See eligibility details on our website.
Lastly, another interesting franchise option is Banana Moon, which launched in 2010. By joining its network of 10 franchisees, you could play a part in this brand's success. A total of £60,000 is required to start a Banana Moon franchise. You might want to consider getting a loan to cover the startup costs, in which case at least £47,500 of the total investment should come from your personal funds. The higher startup costs make this an opportunity best suited for most established franchisees with greater access to financial resources.
Many businesses are already operating in the Personal & Home Care Services sector. We currently have 185 franchise opportunities available in the sector. You will find a total of almost 250 franchise options on Point Franchise. So if you are still looking for the perfect business opportunity, there are still plenty of options for you to explore.
This page contains data provided by NOMIS and the ONS. This content was automatically generated by LabSense.