Car & Automotive Franchise opportunities to start in Hemel Hempstead
Investing in Hemel Hempstead could be your next move
You could start your own business by becoming a franchisee in Hemel Hempstead. There are a number of opportunities to choose from in Dacorum, located in the East of England. Have a look at our selection of brands and start managing your own business with a team behind you. We offer a number of franchises to suit different budgets and career objectives. Have a look at our range of businesses and sectors to see what might suit you.
According to recent census data, there are 154,000 people living in Dacorum. The most represented age group is 40-59 years old. The local labour force consists of 78,200 people, or 82.8% of the total population. With an unemployment rate of 2.9%, recent data shows that employment in this area is significantly lower than in the rest of the UK. The gross annual salary in Dacorum amounts to £32,443, which is slightly higher than the national average of just over £30,500.
The Automotive sector could be the right choice for you
There are 27 franchises in the Automotive sector to choose from. This sector offers a number of interesting options, including two Taxi franchises, eight Garage & Car Repair franchises, 10 Car franchises, three Tyre franchises and three Car Wash franchises. See if any catch your eye.
Three examples of available franchise business options
If you plan to invest in an Automotive business, you could consider The Wheel Specialist. This brand is expanding, counting 30 outlets in the UK. A total of £160,000, a significant initial investment, is required to open a Wheel Specialist franchise. You might want to consider getting a loan to cover the startup costs, in which case at least £60,000 of the total investment should come from your personal funds. It is thus less appropriate for new investors. You will also need to invest in a small premises to operate this business. By investing in this established brand, you could be eligible for financial assistance.
If the Automotive sector appeals to you, Autoremedy Vehicle Repair Service is another option you could consider. This business requires an affordable initial investment of £30,000. 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 start an Autoremedy Vehicle Repair Service business is £9,999. These relatively low startup costs make it a good option to pursue for first-time franchisees. If you can't afford the startup costs on your own, you may qualify for financial aid. See eligibility details on our website.
Finally, another option to consider is Hometyre. You will need to invest £40,000 to start operating your own Hometyre business, which is an affordable initial investment. Your personal investment should account for at least £20,000 of the total amount. Given these low startup costs, this option could be suitable for first-time franchisees.
There are currently 27 franchising opportunities available in the Automotive sector. If you are still not sure which sector best suits your needs, have a look through our selection of close to 250 new business investment opportunities across a variety of sectors on Point Franchise.
This page contains machine-generated content provided by LabSense, using data collected from NOMIS and the ONS.