Car & Automotive Franchise opportunities to start in Northampton
What can Northampton offer to new businesses?
Franchising is a great way to start your own business, while benefitting from the comprehensive support of an established brand. Take a look at our selection of brands in Northampton, located in the Northampton area in the East Midlands, where many companies are currently recruiting. To start off with, look for the line of work that interests you the most. This is a quick way to find the brand best suited to you.
Northampton has a population of approximately 225,000 people. The population's most prevalent age group is made up of 20-39 year olds. The 5.1% unemployment rate among the 120,300 economically active people in the area is slightly higher than the UK average. Residents in the area earn £29,501 per year on average. This income is in line with the country's average gross salary, which reaches £30,629.
Why the Automotive industry might be a good option for you
If you want to run your own business in the Automotive sector, the good news is that there are 27 franchises currently recruiting new franchisees across the country. We offer three Tyre franchises, two Taxi franchises, three Car Wash franchises, 10 Car franchises and eight Garage & Car Repair franchises. Have a look at the brands to see if your perfect match is among them. If you would like to work in the Automotive Sector, it may interest you to know that, in the Northampton area, 3,000 people currently work in the industry.
Three franchises that might interest you
If the Automotive sector is your area of interest, The Wheel Specialist is worth considering. This brand is developing, counting 30 locations across the United Kingdom. You will need an initial investment of £160,000 to open your own Wheel Specialist business. Your personal investment should account for at least £60,000 of the total amount. You may want to think about getting a loan to start a business in this sector. 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. By investing in this franchise, you may qualify for financial assistance.
If the Automotive industry appeals to you, Revive! Auto Innovations is another option you could have a look at. By joining its current 60 franchisees, you would be joining a growing brand network. This business requires an affordable initial investment of £32,000. If you plan on getting a loan to cover startup costs, you should anticipate adding a personal investment of 30 to 50% of the total investment as a general rule. The minimal personal investment to start a Revive! Auto Innovations business is £14,000. These relatively low startup costs make it a good option to pursue for first-time franchisees. If eligible, you might be able to benefit from financial aid. See our website for more information.
As a final example, check out Hometyre. Opening a Hometyre business requires a reasonable initial investment of £40,000. If you intend to get a loan to cover the startup costs, Hometyre asks for a personal investment of at least £20,000. For most franchises, this amount represents 30 to 50% of the total investment. These relatively low startup costs make it a good option to pursue for first-time franchisees.
If you are interested in the Automotive sector and would like to know more about its available franchising options, look into the 27 companies currently recruiting franchisees in the sector. If you are still not sure which sector best suits your needs, have a look through our range of close to 250 franchising opportunities across a variety of sectors on Point Franchise.
Data on this page was provided by NOMIS and the ONS. This content was machine-generated in partnership with LabSense.