Car & Automotive Franchise opportunities to start in Newcastle upon Tyne
Newcastle upon Tyne: A great location to start a business
If you'd like to run your own business but don't know where to start, a franchise might just be the answer. Newcastle upon Tyne, situated in North East England, could be a good place to start as there are many businesses currently recruiting franchisees in the Newcastle upon Tyne area. We offer a number of realistic new business investment options, so that you can find one you like.
Newcastle upon Tyne has an estimated population of 300,000 residents. Residents aged 20 to 39 years old have the highest concentration within the population. The region has a 5.2% unemployment rate, which is slightly higher than the national average of 4%. Overall, the region's labour force consists of 141,500 people or 70.9% of the total population. In the UK, the average gross income is close to £31,000; in the Newcastle upon Tyne area, it is £29,204.
Could the Automotive industry be the right choice for you?
Are you interested in the Automotive industry? You're likely to come across a franchise worth considering among 27 brands in the UK. With eight Garage & Car Repair franchises, three Car Wash franchises, two Taxi franchises, 10 Car franchises and three Tyre franchises, this field has great potential for exciting business ventures. See if there's a brand to suit your goals and interests.
Three franchises that might interest you
The Wheel Specialist is an interesting business operating in the Automotive industry. You will need to invest £160,000 to begin operating your own Wheel Specialist business, which is a substantial initial investment. Your personal investment should account for at least £60,000 of the total amount. Due to the higher startup costs, this option is not advisable for first-time franchisees. You will also need to invest in a small premises to operate this business. If eligible, you might be able to benefit from financial assistance. See our website for details.
Another option worth considering is Hometyre. A total of £40,000, a reasonable initial investment, is required to open a Hometyre franchise. You might want to consider getting a loan to cover the startup costs, in which case at least £20,000 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.
Lastly, another possibility to consider is Etyres. The company first began operating in 1996. The brand now has 24 years of experience, making it a leader in the sector.
Many businesses are already operating in the Automotive industry. We currently have 27 franchise opportunities available in the sector. Point Franchise currently has a total of close to 250 brands recruiting franchisees across a variety of sectors. Have a look to see which other sectors you might want to invest in.
NOMIS and the ONS provided the data shown on this page. This text was automatically generated by LabSense.