Car & Automotive Franchise opportunities to start in Andover
Thinking about living and working in Andover?
If you want to open your own business, you may find that Andover has a lot to offer. Several brands are currently recruiting franchisees in the Test Valley area. Keep reading to see if running a franchise could be a good option for you! Deciding which sector you'd like to work in will lead you to the businesses that best suit your needs and business goals.
Test Valley has a population of approximately 125,000 people. The 40-59 age group is the most represented within the population. The community has a 4% unemployment rate, which is in line with the UK average of 4%. There are 60,500 economically active people in the area, representing 80.8% of the total population. The annual income in the UK is just over £30,500 on average. The people of Test Valley earn an average annual salary of £30,680, in line with the country's average.
Why Automotive businesses appeal to franchisees
If you wish to operate an Automotive franchise, you are likely to find one that appeals to you among 27 available across the United Kingdom. Among the business opportunities in this sector, you will find three Tyre franchises, three Car Wash franchises, 10 Car franchises, two Taxi franchises and eight Garage & Car Repair franchises. The perfect business to suit your career goals and aspirations might just be among them.
Three franchise business examples
Initially established in 1996, Etyres operates in the Automotive sector. Etyres now has over 24 years of experience under its belt. Etyres could be a good option for you, as the company provides comprehensive training and support.
Hometyre is another interesting franchising opportunity if you plan to invest in the Automotive sector. A total of £40,000, an affordable initial investment, is required to open a Hometyre franchise. You might want to consider getting a loan to cover the startup costs, in which case at least £20,000 of the total investment should come from your personal funds. These low startup costs make this a good franchising option for first-time franchisees. By investing in this established brand, you can gain access to expert training and support
Lastly, another option to consider is Revive! Auto Innovations. By joining its network of 60 franchisees, you could contribute to this brand's success. This business requires a reasonable initial investment of £32,000. If you intend to get 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 open 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 you feel uncertain about starting your own business, you may feel more secure in taking on a franchise. Revive! Auto Innovations can support you with comprehensive training and assistance to help your business reach its full potential. What's more, financial support is available for eligible franchisees. See our website for details.
Opening a business in the Automotive industry has great potential. If you're interested, check out our 27 available opportunities. If this sector doesn't suit your needs, don't worry. Point Franchise offers 238 franchise options across a range of sectors to help you find your perfect investment opportunity.
This text was automatically generated in partnership with LabSense, using data collected from NOMIS and the ONS.