Car & Automotive Franchise opportunities to start in Colchester
Investing in a franchise in Colchester
The Colchester area offers many interesting business opportunities. If you are interested in running your own business, you should consider franchising. This would allow you to work for yourself while receiving the support of an established brand. Have a look on this page to discover the franchise options available to you in Colchester. We offer franchise investment opportunities in a variety of sectors. Why not check out the sector that appeals to you the most?
There are 193,000 people living in the Colchester area. Residents aged 20 to 39 years old have the highest concentration in the population. The labour force in Colchester amounts to 93,800 people, with an unemployment rate of 3.6%. This rate is lower than the national average. Colchester has an average annual salary of £33,390. This salary is higher than the rest of the United Kingdom, which has an average income of just over £30,500.
The Automotive industry: An interesting opportunity for franchisees
If you would like to operate an Automotive franchise, you are likely to find one that interests you among 27 available across the United Kingdom. There are eight Garage & Car Repair franchises, two Taxi franchises, 10 Car franchises, three Tyre franchises and three Car Wash franchises offering franchising opportunities. You'll find options to suit all kinds of career objectives and aspirations.
Eager to find out more? Here are three franchise business examples
Initially established in 1996, Etyres operates in the Automotive industry. Etyres has proved itself to be a successful business and leader in the sector in its 24 years since opening.
You could also consider Autoglym, which has been in business since 1996. Autoglym now has over 24 years of experience under its belt. There are 65 outlets open so far, and the network is expanding. Initially, you would need to invest £50,000 to get your own Autoglym business up and running. Given these higher startup costs, this opportunity is less suitable for first-time franchisees.
Finally, another option worth considering is Hometyre. In order to open a Hometyre business, a reasonable 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 asks for a personal investment of at least £20,000. 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.
The Automotive industry currently offers 27 franchising opportunities. Point Franchise has close to 250 franchising opportunities across a wide variety of sectors. So if this sector isn't for you, there are still lots of investment options to explore.
This page contains machine-generated content provided by LabSense, using data collected from NOMIS and the ONS.