Car & Automotive Franchise opportunities to start in Worcester
What to consider when starting a franchise in Worcester
Located in the West Midlands, Worcester is an area with business opportunities on the rise. If working as your own boss with a team behind you sounds appealing, have a look at our franchising opportunities in Worcester and take the first step towards managing your own business. Explore our extensive possibilities in order to find the right brand for you, and you'll be one step closer to opening your own business.
A recent census found that 102,000 people live in Worcester. Residents aged 20 to 39 years old are the most represented in the population. Unemployment in the area (1.8%) is very low compared to the United Kingdom as a whole (4%). The labour force represents 81.7% of the local population, or 54,500 people. The average gross salary in the UK is £30,629. Residents of Worcester earn £27,563 a year on average.
Could the Automotive sector be the right choice for you?
Across the United Kingdom, you will find 27 franchises operating in the Automotive industry. We have three Car Wash franchises, eight Garage & Car Repair franchises, two Taxi franchises, three Tyre franchises and 10 Car franchises. Have a look at the brands to find out if your perfect match is among them.
Want to know more? Read about these three brands
If you would like to invest in an Automotive business, you could consider Revive! Auto Innovations. The brand is expanding, with 60 outlets already in operation, and a desire to expand further. In order to open a Revive! Auto Innovations business, a reasonable initial investment of £32,000 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. Revive! Auto Innovations requires a personal investment of at least £14,000. Given these low startup costs, this option could be suitable for first-time franchisees. If you can't cover the startup costs on your own, you may be eligible for financial assistance.
Autoremedy Vehicle Repair Service is another competitive brand operating in the Automotive sector. A total of £30,000, a reasonable initial investment, is required to start an Autoremedy Vehicle Repair Service franchise. You might want to consider getting a loan to cover the startup costs, in which case at least £9,999 of the total investment should come from your personal funds. These low startup costs make it a good option to pursue for first-time franchisees. You could also receive financial aid, if eligible. See our website for details.
Lastly, Hometyre could be another good option for you to invest in. To start your business, you will need an initial investment of £40,000. If you plan on getting a loan to cover the costs of opening a franchise, a personal investment of 30 to 50% of the total amount will typically be required. For Hometyre, the minimum personal investment is £20,000. Given these low startup costs, this opportunity is suitable for both first-time investors and established franchisees.
If working in the Automotive industry appeals to you, check out our 27 available franchising options in the sector. But you also have plenty of investment possibilities in other sectors as well, including more than 232 franchising opportunities available on Point Franchise.
This text was automatically generated in partnership with LabSense, using data provided by NOMIS and the ONS.