Car & Automotive Franchise opportunities to start in King's Lynn
Investing in a franchise in King's Lynn
Discover the business opportunities waiting for you in King's Lynn, situated in the East of England. On this page you'll find a range of brands that could make you a franchisee in the King's Lynn and West Norfolk area. Becoming a franchisee would allow you to run your own business and benefit from comprehensive support. Explore our sectors and brands to find your best options among various franchising opportunities, keeping in mind your personal interests and business goals.
According to recent census data, 152,000 people live in King's Lynn and West Norfolk. When broken down by age group, 60+ year olds represent the largest portion of the population. The economically active population in King's Lynn and West Norfolk amounts to 69,100 people, with an unemployment rate of 3.2%. This rate is lower than the national average. The area's average gross annual income of £25,049 is slightly lower than the average income of £30,629 across the UK.
What the Automotive sector could offer you
There are 27 UK-based franchises available in the Automotive sector. There are a lot of interesting new business investment options, including 10 Car franchise, two Taxi franchises, three Tyre franchises, eight Garage & Car Repair franchises and three Car Wash franchises. Have a look at the available brands to find out if your perfect match is among them.
Read about these three brands to see what franchise options exist
If you plan to invest in the Automotive industry, Revive! Auto Innovations could be a good option. This brand is developing, counting 60 location in the United Kingdom. Starting a Revive! Auto Innovations franchise will require you to invest a minimum of £32,000. At least £14,000 of this should come from your own personal investment. These relatively low startup costs make it a good option to pursue for first-time franchisees. If you can't cover the startup costs on your own, you may qualify for financial aid.
The Automotive industry has many brands worth considering. Take a look at The Wheel Specialist. The brand is expanding, with 30 outlet currently in operation, and a desire to expand further. This business requires a significant initial investment of £160,000. 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 Wheel Specialist business is £60,000. Due to the higher startup costs, this option is not recommended for first-time franchisees. A small premises will also be required to operate this business. By investing in this established brand, you could be eligible for financial assistance. See our website for details.
Lastly, Autoglym is another interesting franchise option if you plan to invest in the Automotive sector. Launched in 1996, the brand has acquired valuable experience and expertise over the past 24 years. By joining its current 65 franchisee, you would become a part of a growing brand network. An initial investment of £50,000 will enable you to start your own Autoglym business. Due to the higher startup costs, this option is not recommended for first-time franchisees.
The Automotive sector currently offers 27 investment options. Point Franchise offers a total of 236 franchising opportunities across many different sectors. So, if you're still looking for a brand that meets your needs, there are plenty of options for you to explore.
Data on this page was collected from NOMIS and the ONS. This content was machine-generated in partnership with LabSense.