Car & Automotive Franchise opportunities to start in Wallsend
Wallsend: A great location to start a business
Would you like to run your own business? Wallsend, located in North East England, could be a good place to start. There are many brands currently recruiting franchisees in the North Tyneside area. Franchising gives you the opportunity to manage your own business while benefitting from the support of an established brand. Starting a business should be exciting! Check out our range of franchising options, starting with the sectors that you feel most passionate about.
Recent figures show that 206,000 people live in North Tyneside. The majority of the population falls within the 40-59 age range. The labour force makes up 80.4% of the population, or approximately 102,600 people. The region has an unemployment rate of 3% which is lower than the UK average of 4%. Across the United Kingdom, the annual gross income is close to £31,000 on average. In the area of North Tyneside, it averages £27,665.
Why choose to operate in the Automotive industry?
If the idea of running a business in the Automotive industry appeals to you, have a look at the 27 brands currently recruiting franchisees in the sector. This sector offers a variety of interesting options, including three Tyre franchises, 10 Car franchises, eight Garage & Car Repair franchises, two Taxi franchises and three Car Wash franchises. See if any catch your eye.
Have a look at three franchise business examples
If you'd like to run your own Automotive business, Revive! Auto Innovations might be a great option for you. There are 60 locations open so far, and the network is expanding. To open your own Revive! Auto Innovations franchise, you will need to invest £32,000, of which at least £14,000 should be your own personal investment. You could get a loan to help cover the remaining startup costs. Given these low startup costs, this opportunity is suitable for both first-time investors and established franchisees. You could also benefit from financial aid, if eligible.
Take a look at The Wheel Specialist, another competitive Automotive franchise. By joining its network of 30 franchisees, you could play a part in this brand's success. A total of £160,000, a significant initial investment, is required to start a Wheel Specialist franchise. You might want to consider getting a loan to cover the startup costs, in which case at least £60,000 of the total investment should come from your personal funds. Due to the higher startup costs, this option is not recommended for first-time franchisees. A small premises will also be required to operate this business. An investment in this franchise entitles you to financial assistance, if eligible.
As a final example, check out Autoremedy Vehicle Repair Service. You will need an initial investment of £30,000 to open your own Autoremedy Vehicle Repair Service business. Your personal investment should account for at least £9,999 of the total amount. You may want to consider getting a loan to start a business in this sector. These low startup costs make it a good option to pursue for first-time franchisees. If you can't afford the startup costs on your own, you could see if you qualify for financial aid. See our website for more information.
Opening a business in the Automotive sector has great potential. If you're interested, explore our 27 available opportunities. You will find a total of 236 franchise options on Point Franchise. So if you are still looking for the perfect investment opportunity, there are still plenty of options for you to explore.
NOMIS and the ONS provided the data shown on this page. This text was automatically generated by LabSense.
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