Car & Automotive Franchise opportunities to start in Norwich
What to know before starting a business in Norwich
If you'd like to run your own business but don't know where to start, a franchise might just be the answer. Norwich, situated in the East of England, could be a good place to start as there are many brands currently recruiting franchisees in the Norwich area. By browsing the sectors that appeal to you the most, you will find the franchises that best suit your interests and business goals.
A recent census found that 141,000 people live in Norwich. When broken down by age range, 20-39 year olds represent the largest portion of the population. The region has a labour force of 73,400 people, or 78.3% of the total population. The unemployment rate (7.6%) is high compared to the rest of the UK. Salaries in Norwich average £26,353 a year, while in the UK the average salary is close to £31,000.
Running a franchise in the Automotive sector
There are 27 brands currently recruiting franchisees in the Automotive sector. If this sector appeals to you, check them out. Have a look at our 10 Car franchises, three Car Wash franchises, two Taxi franchises, three Tyre franchises and eight Garage & Car Repair franchises. Could one of these businesses help you reach your career goals and aspirations?
Eager to know more? Here are three franchise business examples
The Wheel Specialist could be a great choice for you if you're planning to invest in the Automotive sector. By joining its 30 franchises already in operation, you could contribute to this brand's expansion. To open your own Wheel Specialist franchise, you will need to invest £160,000, of which at least £60,000 should be your own personal investment. You could get a loan to help cover the remaining startup costs. Given these higher startup costs, this opportunity is less suitable for first-time franchisees. A small premises will also be required to operate this business. You could also receive financial assistance, if eligible. See eligibility details on our website.
Check out Hometyre. A total of £40,000, a reasonable initial investment, is required to start 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. 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.
Finally, Etyres is another successful business that has been operating in the Automotive industry since 1996. Etyres now has over 24 years of experience under its belt.
If you would like to take a look at more new business investment options in the Automotive industry, we currently have 27 available opportunities. If this sector doesn't suit your needs, don't worry. Point Franchise offers 236 franchise options across a variety of sectors to help you find your perfect investment opportunity.
NOMIS and the ONS provided the data shown on this page. This text was automatically generated by LabSense.
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