Car & Automotive Franchise opportunities to start in Chadderton
Opening a franchise business in Chadderton
Chadderton, located in North West England, offers a variety of new business investment opportunities, especially if you like working for yourself but not on your own. Learn more about our franchising options here. You might just find the right brand for starting your own business in the Oldham area. Browse our extensive possibilities in order to find the right franchise for you, and you'll be one step closer to starting your own business.
The population of Oldham is made up of 236,000 residents. The 0-19 age group makes up the majority of the population. The local unemployment rate of 3.6% is low compared to the national average of 4%. The local labour force consists of 105,000 people, representing 73.2% of the population. With an average gross annual income of £23,879, salaries in Oldham are lower than the average salary of close to £31,000 across the UK.
The Automotive sector and its investment opportunities
Across the UK, you will find 27 franchises operating in the Automotive sector. With three Tyre franchises, 10 Car franchises, eight Garage & Car Repair franchises, three Car Wash franchises and two Taxi franchises, this field has great potential for exciting business ventures. See if there's a brand to suit your goals and interests.
Read about these three brands to see what franchise opportunities exist
There are many interesting franchising possibilities in the Automotive industry. Take Autoremedy Vehicle Repair Service for example. Starting an Autoremedy Vehicle Repair Service business requires a reasonable initial investment of £30,000. If you plan on getting a loan to cover the startup costs, Autoremedy Vehicle Repair Service asks for a personal investment of at least £9,999. For most franchises, this amount represents 30 to 50% of the total investment. Given these low startup costs, this option could be suitable for first-time franchisees. An investment in this franchise entitles you to financial assistance, if eligible.
The Wheel Specialist is another interesting brand operating in the Automotive sector. Starting a Wheel Specialist business requires a significant initial investment of £160,000. At least £60,000 should come from your own personal investment. The higher startup costs make this an opportunity best suited for most established franchisees with greater access to financial resources. You will also need to invest in a small premises to operate this business. If eligible, you might be entitled to financial aid. See our website for details.
As a final example, have a look at Etyres. Initially established in 1996, the company is now mature and a leader within the sector, having grown its franchise network for 24 years.
Starting a business in the Automotive sector has great potential. If you're interested, check out our 27 available opportunities. At Point Franchise, we have almost 250 new business investment opportunities available, giving you plenty to choose from in other sectors as well.
This text was automatically generated in partnership with LabSense, using data collected from NOMIS and the ONS.