Car & Automotive Franchise opportunities to start in Leicester

Investing in Leicester could be your next move

If you're considering running your own business in Leicester, located in the East Midlands, you should explore franchising options. Several companies are currently recruiting in the Leicester area. As a franchisee you could run your own business while benefitting from comprehensive support. Keep reading to find out if this could be for you. If you already know which line of work you'd like to pursue, check out our franchise opportunities in that sector. If not, have a look and see what other options catch your eye. We have businesses to suit all kinds of interests and career goals.

A recent census found that 355,000 people live in Leicester. The most prevalent age group in the population falls in the 20-39 age bracket. In terms of employment, the region has an economically active population of 177,000 people (74.8%), of which the unemployment rate is 5%. This figure is slightly higher than the average unemployment rate across the UK. The average annual income across the UK is £30,629. With a gross salary averaging £23,290, residents of Leicester have a lower salary than the national average.

Have you considered the Automotive sector?

There are 27 brands offering franchise options in the Automotive sector. There are currently two Taxi franchises, three Tyre franchises, three Car Wash franchises, 10 Car franchises and eight Garage & Car Repair franchises recruiting franchisees. Have a look to see whether any fit your career goals and aspirations. Interesting fact: companies in Automotive Sector employ 3,000 people in the Leicester area. This could be your opportunity to start a successful business of your own!

Three examples of available franchise business possibilities

Initially established in 1996, Autoglym operates in the Automotive sector. Autoglym has proved itself to be a successful business and leader in the field in its 24 years since opening. This brand is expanding, counting 65 locations across the country. Initially, you would need to invest £50,000 to get your own Autoglym business up and running. Due to the higher startup costs, this option is not recommended for first-time franchisees.

Hometyre is an interesting franchise option in the Automotive sector. In order to open a Hometyre business, a reasonable initial investment of £40,000 is required. If you plan on getting a loan to cover the startup costs, you will usually need to cover 30 to 50% of the total investment yourself. Hometyre asks for a personal investment of at least £20,000. These relatively low startup costs make it a good option to pursue for first-time franchisees.

As a final example, have a look at The Wheel Specialist. The brand is developing, with 30 outlets currently in operation, and a desire to expand further. Starting a Wheel Specialist business requires a significant initial investment of £160,000. If you plan on getting a loan to cover the startup costs, The Wheel Specialist asks for a personal investment of at least £60,000. For most franchises, this amount represents 30 to 50% of the total investment. 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. Also, if you can't afford the startup costs alone, you may be able to benefit from financial assistance. See eligibility details on our website.

The Automotive industry currently offers 27 franchising opportunities. You will find a total of almost 250 franchise possibilities here on Point Franchise. So if you haven't settled on one sector yet, take your time and explore all the options.

Data on this page was provided by NOMIS and the ONS. This content was machine-generated in partnership with LabSense.