Car & Automotive Franchise opportunities to start in Portsmouth
Starting a new business in Portsmouth
You could start your own business by becoming a franchisee in Portsmouth. There are a number of opportunities to choose from in Portsmouth, located in South East England. Have a look at our selection of brands and start managing your own business with a team behind you. Why not have a look through our range of new business investment options? There are opportunities to suit many needs and career goals.
Recent figures show that Portsmouth has a population of 215,000 people. The majority of the population sits within the 20-39 age category. The region has a labour force of 106,700 people, or 73.9% of the total population. The unemployment rate (4.1%) is comparable to the rest of the United Kingdom. The United Kingdom's annual average income is just over £30,500. Salaries in Portsmouth are slightly lower in comparison, averaging £25,913 a year.
Why the Automotive industry might be a good option for you
Across the UK, there are 27 franchises operating in the Automotive sector. Among the business opportunities in this sector, you will find two Taxi franchises, three Tyre franchises, 10 Car franchises, eight Garage & Car Repair franchises and three Car Wash franchises. The perfect business to suit your career goals and aspirations might just be among them.
Three franchises that might interest you
There are many interesting franchising options in the Automotive industry. Take Revive! Auto Innovations for example. The brand is expanding, with 60 locations currently in operation, and a desire to expand further. You will need to invest £32,000 to begin running your own Revive! Auto Innovations business, which is an affordable initial investment. Your personal investment should account for at least £14,000 of the total amount. Whether you're an established franchisee or a first-time investor, the low startup costs mean that this could be a good option for you. An investment in this franchise entitles you to financial aid, if eligible. See our website for details.
Another possibility to consider is Hometyre. To start your business, you will need an initial investment of £40,000. 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 Hometyre, the minimum personal investment is £20,000. These low startup costs make this a good franchising option for first-time franchisees.
Lastly, take a look at Autoglym, another interesting Automotive franchise that launched in 1996. The company is now mature and a leader within the sector, having grown its franchise network for 24 years. This brand is developing, counting 65 outlets in the United Kingdom. An initial investment of £50,000 will allow you to start your own Autoglym business. Due to the higher startup costs, this option is not advisable for first-time franchisees.
If you would like to check out more franchising options in the Automotive sector, we currently have 27 available opportunities. With almost 250 new business investment opportunities to choose from across various sectors, you have a good chance of finding a brand that meets your needs on Point Franchise.
This text was automatically generated in partnership with LabSense, using data collected from NOMIS and the ONS.