Car & Automotive Franchise opportunities to start in Redcar
Is Redcar a good place to become a franchisee?
Discover the business opportunities waiting for you in Redcar, situated in the North East of England. On this page you'll find a range of brands that could make you a franchisee in the Redcar and Cleveland area. Becoming a franchisee would allow you to run your own business and benefit from comprehensive support. Explore our sectors and brands to find your best options among different franchising opportunities, keeping in mind your personal interests and business goals.
A recent census found that 137,000 people live in Redcar and Cleveland. The most prevalent age group in the population falls within the 60+ age bracket. The community has a 5.5% unemployment rate, which is slightly higher than the UK average of 4%. There are 57,500 economically active people in the region, representing 71.4% of the total population. The annual income in the UK is £30,629 on average. The people of Redcar and Cleveland earn an average annual salary of £23,062, lower than the national average.
The Automotive industry and its business options
If you wish to open a business in the Automotive sector, take a look at our 27 franchises currently recruiting franchisees in the sector. Have a look at our three Tyre franchises, 10 Car franchises, two Taxi franchises, eight Garage & Car Repair franchises and three Car Wash franchises. Could one of these brands help you reach your career goals and aspirations?
Three franchise business examples
The Wheel Specialist is an interesting franchise operating in the Automotive sector. This brand is developing, counting 30 outlets in the UK. You will need an initial investment of £160,000 to start your own Wheel Specialist business. Your personal investment should account for at least £60,000 of the total amount. You may want to consider getting a loan to open a business in this sector. 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. When investing in this franchise, you could be eligible for financial aid.
Hometyre is an interesting investment opportunity in the Automotive sector. You will need to invest £40,000 to open your own Hometyre business. At least £20,000 of this reasonable amount should come from your own personal investment. 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.
The Automotive industry has many brands worth considering. As a final example, check out Autoremedy Vehicle Repair Service. A reasonable initial investment of £30,000 will enable you to start your own Autoremedy Vehicle Repair Service business. In most cases, your personal investment should represent 30 to 50% of the total amount. Autoremedy Vehicle Repair Service requires you to personally invest at least £9,999. You could potentially apply for a loan to cover the remaining costs. These low startup costs make it a good option to pursue for first-time franchisees.
The Automotive industry currently has 27 new business investment opportunities. Point Franchise has 236 franchising opportunities across a wide variety of sectors. So if this sector isn't for you, there are still lots of investment options to explore.
This text was automatically generated in partnership with LabSense, using data collected from NOMIS and the ONS.