Car & Automotive Franchise opportunities to start in Coventry
Coventry: A great location to start a business
Located in the West Midlands, Coventry 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 options in Coventry and take the first step towards managing your own business. Browsing our range of companies and sectors will allow you to pinpoint the type of business that is right for you.
An estimated 367,000 people currently live in Coventry. The 20-39 age group has the highest concentration in the population. The region has 189,500 economically active people, representing 77.2% of the population, with an unemployment rate of 5.4%. This rate is slightly higher than the country's 4% national average. The annual income in the United Kingdom is just over £30,500 on average. The people of Coventry earn an average annual salary of £27,799, slightly lower than the national average.
Why open a business in the Automotive sector?
There are 27 UK-based franchises available in the Automotive sector. Available franchises include 10 Car franchises, three Tyre franchises, two Taxi franchises, eight Garage & Car Repair franchises and three Car Wash franchises. The right business to suit your career goals and aspirations might just be among them. Interesting fact: companies in Automotive Sector employ 4,500 people in the Coventry area. This could be your opportunity to start a successful business of your own!
Three franchise business examples worth looking at
There are many interesting franchising possibilities in the Automotive sector. Take Revive! Auto Innovations for example. By joining its 60 franchises already in operation, you could contribute to this brand's expansion. A reasonable initial investment of £32,000 will enable you to open your own Revive! Auto Innovations business. In most cases, your personal investment should represent 30 to 50% of the total amount. Revive! Auto Innovations requires you to personally invest at least £14,000. You could potentially apply for a loan to cover the remaining costs. Given these low startup costs, this opportunity is suitable for both first-time investors and established franchisees. By investing in this franchise, you may qualify for financial assistance. See eligibility details on our website.
If the Automotive sector appeals to you, Hometyre is another option you could consider. You will need an initial investment of £40,000 to open your own Hometyre business. Your personal investment should account for at least £20,000 of the total amount. You may want to think about getting a loan to open a business in this sector. These relatively low startup costs make it a good option to pursue for first-time franchisees.
Lastly, another option to consider is Autoglym. The company first began operating in 1996. Autoglym has acquired valuable experience in the sector in its 24 years since first opening. By joining its current 65 franchisees, you would become a part of a growing brand network. You will need an initial investment of £50,000 to open your own Autoglym business. It is thus less appropriate for new investors.
The Automotive sector has many successful franchise businesses. We currently have 27 options available in this sector. You will find a total of close to 250 franchise opportunities here on Point Franchise. So if you haven't settled on one sector yet, take your time and explore all the options.
This page contains machine-generated content provided by LabSense, using data collected from NOMIS and the ONS.