Car & Automotive Franchise opportunities to start in Cambridge
Why should you invest in Cambridge?
Many brands are currently looking for franchisees in Cambridge, located in the East of England. By becoming a franchisee, you could run your own business while receiving comprehensive training and marketing support. Keep reading to explore the options in the Cambridge area. Start by looking for franchise options in the line of work you are most interested in. This will most likely lead you to a brand that sparks your curiosity.
A recent census found that 126,000 people live in Cambridge. Residents in the 20-39 age group make up the largest portion of the population. The community has a 1.4% unemployment rate, which is significantly lower than the national average of 4%. Overall, the region's labour force consists of 69,400 people or 81.8% of the total population. The average gross salary in the UK is just over £30,500. Residents of Cambridge earn £33,225 a year on average.
Running a franchise in the Automotive sector
Across the United Kingdom, there are currently 27 opportunities to open your own franchise in the Automotive industry. Available franchises include eight Garage & Car Repair franchises, two Taxi franchises, three Car Wash franchises, 10 Car franchises and three Tyre franchises. The right business to suit your career goals and aspirations might just be among them.
Eager to know more? Here are three franchise business examples
If you're planning to invest in the Automotive sector, check out Hometyre. In order to start a Hometyre business, an affordable initial investment of £40,000 is required. If you plan on getting a loan to cover the startup costs, you will usually need to cover 30 to 50% of the total investment yourself. Hometyre requires a personal investment of at least £20,000. These low startup costs make this a good franchising option for first-time franchisees.
Revive! Auto Innovations is an interesting investment opportunity in the Automotive industry. By joining its 60 franchises already in operation, you could contribute to this brand's expansion. Starting a Revive! Auto Innovations business requires a reasonable initial investment of £32,000. If you intend to get a loan to cover the startup costs, Revive! Auto Innovations asks for a personal investment of at least £14,000. For most franchises, this amount represents 30 to 50% of the total investment. These low startup costs make it a good option to pursue for first-time franchisees. An investment in this franchise entitles you to financial aid, if eligible. See eligibility details on our website.
Finally, Etyres could be another good option for you to invest in. First established in 1996, Etyres has proved itself to be a successful business and leader in the sector in its 24 years since opening.
We offer a total of 27 businesses in the Automotive sector. If you're interested, see if the perfect investment opportunity for you is among them. Point Franchise has close to 250 franchising opportunities across a wide range of sectors. So if this sector isn't for you, there are still lots of investment options to explore.
Data on this page was provided by NOMIS and the ONS. This content was machine-generated in partnership with LabSense.