Car & Automotive Franchise opportunities to start in Wolverhampton
Wolverhampton: A great location to start a business
Wolverhampton, located in the West Midlands, currently offers many franchising opportunities. As a franchisee, you could run your own business while receiving expert training and support from an established brand. Keep reading to explore the options in the Wolverhampton area. We offer a range of realistic new business investment options, so that you can find one you like.
There are an estimated 262,000 people living in the Wolverhampton area. The most prevalent age group in the population falls in the 20-39 age bracket. The 7% unemployment rate among 118,500 economically active people in the area is slightly higher than the national average. The gross annual income in Wolverhampton amounts to £24,784, which is slightly lower than the national average of £30,629.
The Automotive industry: An interesting opportunity for franchisees
If you want to manage your own business in the Automotive industry, the good news is that there are 27 franchises currently recruiting new franchisees across the country. Among the business opportunities in this field, there are three Car Wash franchises, three Tyre franchises, eight Garage & Car Repair franchises, two Taxi franchises and 10 Car franchises. There might be one worth considering among them.
Three franchises that could interest you
If you plan to invest in the Automotive sector, Autoremedy Vehicle Repair Service could be a good option. To start your business, you will need an initial investment of £30,000. If you intend to get a loan to cover the costs of opening a franchise, a personal investment of 30 to 50% of the total amount will usually be required. For Autoremedy Vehicle Repair Service, the minimum personal investment is £9,999. Given these low startup costs, this option could be suitable for first-time franchisees.
Hometyre is another interesting brand operating in the Automotive sector. Starting a Hometyre franchise will require you to invest a minimum of £40,000. At least £20,000 of this should come from your own personal investment. Given these low startup costs, this option could be suitable for first-time franchisees.
Lastly, Revive! Auto Innovations is an interesting franchise option in the Automotive sector. By joining its 60 franchises already in operation, you could contribute to this company's expansion. You will need to invest £32,000 to start your own Revive! Auto Innovations business. At least £14,000 of this reasonable amount should come from your own personal investment. These low startup costs make this a good franchising option for first-time franchisees. By investing in this established brand, you could be eligible for financial aid. See our website for more information.
There are 27 franchises waiting to be discovered in the Automotive sector. If you're curious about investment options in other sectors, we've got a total of close to 250 franchising opportunities to choose from on Point Franchise.
This text was automatically generated in partnership with LabSense, using data collected from NOMIS and the ONS.