Car & Automotive Franchise opportunities to start in Letchworth
What to consider when opening a business in Letchworth
Would you like to start a business in Letchworth, located in the East of England? Would you like to work for yourself but not on your own? If so, have a look at our franchising opportunities. On this page, you'll find several brands offering the training and support you need to run your own business in the North Hertfordshire area. Explore our sectors and brands to find your best options among many franchising opportunities, keeping in mind your personal interests and business goals.
There are an estimated 133,000 people in the North Hertfordshire area. The most prevalent age group in the population falls within the 40-59 age bracket. The labour force makes up 83.9% of the population, or approximately 68,400 people. The region has an unemployment rate of 3.7% which is in line with the national average of 4%. The annual income in the UK is just over £30,500 on average. The people of North Hertfordshire earn an average annual salary of £35,383, higher than the country's average.
The Automotive sector and its franchising options
In the UK, you will find 27 franchises recruiting in the Automotive sector. There are a lot of interesting new business investment options, including eight Garage & Car Repair franchises, three Car Wash franchises, 10 Car franchises, two Taxi franchises and three Tyre franchises. Check out the available brands to find out if your perfect match is among them.
Eager to know more? Here are three franchise business examples
If the Automotive industry is your area of interest, Hometyre is worth looking at. 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. These relatively low startup costs make it a good option to pursue for first-time franchisees.
Revive! Auto Innovations is another successful business operating in the Automotive industry. By joining its 60 franchises already in operation, you could contribute to this brand's expansion. An affordable initial investment of £32,000 will enable you to start your own Revive! Auto Innovations business. In most cases, your personal investment should represent 30 to 50% of the total amount. Revive! Auto Innovations requires you to personally invest at least £14,000. You could potentially apply for a loan to cover the remaining costs. Given these low startup costs, this opportunity is suitable for both first-time investors and established franchisees. You may qualify for financial aid. See our website for details.
The Automotive sector has many brands worth considering. As a final example, take a look at Etyres. In business since 1996, Etyres has gained valuable experience in the sector in its 24 years since first opening.
If you want to work in the Automotive sector, the perfect investment opportunity could be waiting for you among our 27 available franchises in the sector. Whether you've already made the decision to invest or are still weighing your options, it's worth exploring different sectors. At Point Franchise, we have a total of almost 250 franchising opportunities to help you find the right fit.
Data on this page was provided by NOMIS and the ONS. This content was machine-generated in partnership with LabSense.