Car & Automotive Franchise opportunities to start in Whitley Bay
What to consider when starting a business in Whitley Bay
The North Tyneside area offers many interesting business opportunities. If you are interested in running your own business, you should consider franchising. This would allow you to work for yourself while receiving the support of an established brand. Have a look on this page to discover the franchise options available to you in Whitley Bay. With your interests and career goals in mind, have a look at our selection of new business investment opportunities.
According to recent census data, there are 206,000 people living in North Tyneside. The most represented age group is 40-59 years of age. Unemployment affects 4% of the UK population. With a rate of 3%, unemployment in this area is lower than the national average. The economically active population amounts to 102,600 people, representing 80.4% of the population. Residents in the area earn £27,665 per year on average. This income is slightly lower than the national average gross salary, which reaches just over £30,500.
Running an Automotive franchise business
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 field. You can pick an investment opportunity from eight Garage & Car Repair franchises, 10 Car franchises, three Tyre franchises, three Car Wash franchises and two Taxi franchises. Let our selection of brands be your guide to starting your next exciting franchising opportunity.
Three franchises that might interest you
The Automotive industry has many franchise options available, such as Etyres, which opened in 1996. The company now has 24 years of experience, making it a leader in the sector.
Another possibility to consider is Revive! Auto Innovations. The brand is developing, with 60 locations already in operation, and a desire to expand further. You will need to invest £32,000 to start operating your own Revive! Auto Innovations business, which is an affordable initial investment. Your personal investment should account for at least £14,000 of the total amount. 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. If you decide to invest in this franchise, financial aid is available, providing you meet the eligibility criteria. See our website for more information.
As a final example, check out Hometyre. To start your own Hometyre franchise, you will need to invest £40,000, of which at least £20,000 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.
If you are considering running a franchise business in the Automotive industry, you might be interested to explore our 27 available brands. At Point Franchise, we are proud to offer close to 250 franchise options across many sectors, helping you find the perfect investment opportunities for you.
This page contains machine-generated content provided by LabSense, using data collected from NOMIS and the ONS.