Car & Automotive Franchise opportunities to start in Stevenage
Why should you invest in Stevenage?
Stevenage, located in the East of England, currently offers many franchising opportunities. As a franchisee, you could manage your own business while receiving expert training and support from an established brand. Keep reading to explore the options in the Stevenage area. Start by looking for franchise options in the line of work you are most interested in. This will most likely help you find a brand that sparks your curiosity.
A recent census found that 88,000 people live in Stevenage. The most prevalent age group in the population falls within the 20-39 age bracket. The region has 46,300 economically active people, representing 83.1% of the population, with an unemployment rate of 3%. This rate is lower than the country's 4% national average. Salaries in Stevenage average £28,369 a year, while in the United Kingdom the average income is £30,629.
Have you considered the Automotive sector?
Are you interested in the Automotive industry? You're likely to find a franchise worth considering among 27 brands across the United Kingdom. This sector offers a number of interesting options, including eight Garage & Car Repair franchises, two Taxi franchises, 10 Car franchises, three Tyre franchises and three Car Wash franchises. See if any catch your eye.
Three franchise businesses worth reading about
If you plan to invest in an Automotive business, you could consider Autoglym. First established in 1996, Autoglym has acquired valuable experience in the sector in its 24 years since first opening. There are 65 outlets open so far, and the network is expanding. Opening an Autoglym business requires an initial investment of £50,000. The higher startup costs make this an opportunity best suited for most established franchisees with greater access to financial resources.
Take a look at Hometyre. This business opportunity requires an affordable initial investment of £40,000. You could get a loan to help cover startup costs, in which case your personal investment will generally need to cover 30 to 50% of the total investment. Hometyre requires a minimum personal investment of £20,000. These relatively low startup costs make it a good option to pursue for first-time franchisees.
The Automotive industry has many brands worth considering. As a final example, check out Etyres. Initially established in 1996, Etyres has proved itself to be a successful business and leader in the field in its 24 years since opening.
There are 27 franchises waiting to be discovered in the Automotive sector. You will find a total of almost 250 franchise options on Point Franchise. So if you are still looking for the perfect investment opportunity, there are still plenty of options for you to explore.
This page contains machine-generated content provided by LabSense, using data collected from NOMIS and the ONS.