Car & Automotive Franchise opportunities to start in Loughton

Loughton and its prospects for new Businesses

Loughton, located in South East England, 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 Milton Keynes area. Why not have a browse through our selection of franchising options? There are opportunities to suit many needs and career goals.

According to recent census data, there are 269,000 people in Milton Keynes. The population's most prevalent age group is made up of 0-19 year olds. Approximately 140,300 people are economically active in the area, representing 82.2% of the population. The unemployment rate (4.8%) is high compared to the national average (4%). The annual salary in the UK is £30,629 on average. The people of Milton Keynes earn an average annual salary of £32,644, slightly higher than the country's average.

Why open a franchise in the Automotive sector?

Across the United Kingdom, there are 27 franchises operating in the Automotive industry. There are two Taxi franchises, three Car Wash franchises, three Tyre franchises, 10 Car franchises and eight Garage & Car Repair franchises recruiting at this time. Our range is likely to have an option that suits your career goals and aspirations. Automotive Sector is a well-established industry, providing employment for 6,000 people in Milton Keynes alone.

Three brands worth your attention

If the Automotive sector is your area of interest, Autoremedy Vehicle Repair Service is worth considering. A reasonable initial investment of £30,000 will enable you to start your own Autoremedy Vehicle Repair Service business. In most cases, your personal investment should represent 30 to 50% of the total amount. Autoremedy Vehicle Repair Service requires you to personally invest at least £9,999. You could potentially apply for a loan to cover the remaining costs. These low startup costs make it a good option to pursue for first-time franchisees. Financial assistance can be given in some circumstances.

The Wheel Specialist is another interesting franchise option if you plan to invest in the Automotive industry. There are 30 locations open so far, and the network is expanding. Starting a Wheel Specialist business requires a significant initial investment of £160,000. At least £60,000 should come from your own personal investment. Due to the higher startup costs, this option is not recommended for first-time franchisees. You will also need to invest in a small premises to operate this business. An investment in this franchise entitles you to financial aid, if eligible. See our website for more information.

Lastly, Etyres is another successful brand that has been operating in the Automotive sector since 1996. The company now has 24 years of experience, making it a leader in the field.

Many businesses are already operating in the Automotive sector. We currently have 27 franchise options available in the sector. On Point Franchise, there is plenty of choice in other sectors as well. We have close to 250 new business investment opportunities in total to choose from.

This page contains data collected from NOMIS and the ONS. This content was automatically generated by LabSense.