Car & Automotive Franchise opportunities to start in Bury St Edmunds
Bury St Edmunds and its prospects for new Businesses
Franchising is a great way to start your own business, while benefitting from the comprehensive support of an established brand. Have a look at our range of brands in Bury St Edmunds, located in the Forest Heath area in the East of England, where many companies are currently recruiting. Why not have a look through our selection of franchising options? There are opportunities to suit various needs and business objectives.
Recent figures show that Forest Heath has a population of 179,000 residents. Residents in the 60+ age group make up the largest portion of the population. In the UK, the average gross income is £30,629; in the Forest Heath area, it is £30,485.
Have you considered the Automotive industry?
The Automotive industry currently offers 27 franchise opportunities. If this sector appeals to you, take a look at our options. Have a browse through our eight Garage & Car Repair franchises, three Tyre franchises, three Car Wash franchises, two Taxi franchises and 10 Car franchises to see if any suit your career goals and aspirations.
Here are three examples of franchise businesses
Hometyre is a competitive business operating in the Automotive industry. This business requires a reasonable initial investment of £40,000. If you plan on getting 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 a Hometyre business is £20,000. These low startup costs make this a good franchising option for first-time franchisees.
Another option to consider is Revive! Auto Innovations. By joining its 60 franchises already in operation, you could contribute to this brand's expansion. You will need to invest £32,000 to start running your own Revive! Auto Innovations business, which is an affordable initial investment. Your personal investment should account for at least £14,000 of the total amount. 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. If you can't cover the startup costs on your own, you could find out if you qualify for financial aid.
Lastly, The Wheel Specialist is an interesting investment opportunity in the Automotive sector. The brand is expanding, with 30 locations currently in operation, and a desire to expand further. This business opportunity requires a significant initial investment of £160,000. 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. The Wheel Specialist requires a minimum personal investment of £60,000. 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. Financial support is available for eligible franchisees. See our website for details.
Many businesses are already operating in the Automotive industry. We currently have 27 franchise options available in the sector. Point Franchise currently has a total of close to 250 brands recruiting franchisees across a variety of sectors. Have a browse to see which other sectors you might want to invest in.
This page contains data provided by NOMIS and the ONS. This content was automatically generated by LabSense.