Car & Automotive Franchise opportunities to start in Kingston upon Hull
Is Kingston upon Hull a good place to be a franchisee?
Kingston upon Hull, located in Yorkshire and the Humber, has many opportunities for people looking to start their own business. There are many brands currently recruiting franchisees in the East Riding of Yorkshire area. This could mean working for yourself while receiving the comprehensive support of an established brand. Explore our extensive possibilities in order to find the right franchise for you, and you'll be one step closer to opening your own business.
According to recent census data, 340,000 people live in East Riding of Yorkshire. Residents aged over 60 years old make up the prevalent age group within the population. East Riding of Yorkshire has an unemployment rate of 3.6% within its labour force of 157,900 people. This rate is below par compared to the UK average. The annual income in the UK is close to £31,000 on average. The people of East Riding of Yorkshire earn an average annual salary of £29,761, in line with the country's average.
What the Automotive sector could offer you
There are 27 brands offering franchise options in the Automotive sector. In fact, you can pick from 10 Car franchises, eight Garage & Car Repair franchises, three Car Wash franchises, two Taxi franchises and three Tyre franchises today.
Check out three available franchise opportunities
If the Automotive sector is your area of interest, Hometyre is worth considering. To start your business, you will need an initial investment of £40,000. If you plan on getting a loan to cover the costs of opening a franchise, a personal investment of 30 to 50% of the total amount will typically be required. For Hometyre, the minimum personal investment is £20,000. These relatively low startup costs make it a good option to pursue for first-time franchisees.
Autoglym is an interesting franchising opportunity in the Automotive sector. In business since 1996, the brand is now mature and a leader within the sector, having developed its franchise network for 24 years. There are 65 locations open so far, and the network is expanding. An initial investment of £50,000 will enable you to open your own Autoglym business. Due to the higher startup costs, this option is not advisable for first-time franchisees.
Finally, you could also have a look at The Wheel Specialist. By joining its current 30 franchisees, you would become a part of a growing brand network. Opening a Wheel Specialist business requires a substantial initial investment of £160,000. At least £60,000 should come from your own personal investment. Given these higher startup costs, this is an opportunity best suited for most established franchisees with greater access to financial resources. Financial assistance can be given in some circumstances. Visit our website for more information.
The Automotive industry currently offers 27 new business investment opportunities. If you're interested in exploring business options in other sectors, we've got a total of almost 250 franchising opportunities to choose from on Point Franchise.
This page contains data collected from NOMIS and the ONS. This content was automatically generated by LabSense.