Car & Automotive Franchise opportunities to start in Tynemouth
Starting a new business in Tynemouth
If you'd like to open your own business but don't know where to start, a franchise might just be the answer. Tynemouth, situated in the North East of England, could be a good place to start as there are many brands currently recruiting franchisees in the North Tyneside area. By exploring the sectors that appeal to you the most, you will find the franchises that best suit your interests and business objectives.
Approximately 206,000 people currently live in North Tyneside. The majority of residents are aged 40 to 59 years old. In terms of employment, the area has an economically active population of 102,600 people (80.4%), of which the unemployment rate is 3%. This figure is lower than the average unemployment rate across the UK. Residents in the area earn £27,665 per year on average. This income is slightly lower than the national average gross income, which reaches just over £30,500.
Why the Automotive sector appeals to franchisees
The Automotive industry currently offers 27 franchise opportunities. If this sector appeals to you, have a look at our options. In fact, you can choose from three Car Wash franchises, 10 Car franchises, three Tyre franchises, two Taxi franchises and eight Garage & Car Repair franchises today.
Three examples of available franchise business options
If you're interested in the Automotive industry, check out Hometyre. A reasonable initial investment of £40,000 will enable you to start your own Hometyre business. In most cases, your personal investment should represent 30 to 50% of the total amount. Hometyre requires you to personally invest at least £20,000. You could potentially apply for a loan to cover the remaining costs. Given these low startup costs, this opportunity is suitable for both first-time investors and established franchisees.
Take a look at Autoremedy Vehicle Repair Service. Opening an Autoremedy Vehicle Repair Service business requires an affordable initial investment of £30,000. At least £9,999 should come from your own personal investment. These low startup costs make this a good franchising option for first-time franchisees. Financial assistance is available for eligible franchisees.
Finally, Revive! Auto Innovations is another interesting option. By joining its 60 franchises already in operation, you could contribute to this company's expansion. To start 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. These low startup costs make it a good option to pursue for first-time franchisees. Eligible candidates may apply for financial aid. Visit our website for more information.
There are currently 27 franchising opportunities available in the Automotive sector. At Point Franchise, we have 236 new business investment opportunities available, giving you plenty to choose from in other sectors as well.
This page contains data collected from NOMIS and the ONS. This content was automatically generated by LabSense.