Car & Automotive Franchise opportunities to start in Lowestoft
What can Lowestoft offer to new businesses?
If you want to start your own business, you may find that Lowestoft has a lot to offer. Several brands are currently looking for franchisees in the Suffolk area. Read on to see if running a franchise could be a good option for you! Browse our extensive possibilities in order to find the right franchise for you, and you'll be one step closer to opening your own business.
Recent figures show that Suffolk has a population of 759,000 residents. The majority of residents are aged over 60 years old. Unemployment in the area (2.4%) is very low compared to the UK as a whole (4%). The labour force represents 80.2% of the local population, or 350,800 people. Residents in the area earn £29,129 per year on average. This income is in line with the country's average gross salary, which reaches just over £30,500.
Running an Automotive franchise business
In the UK, there are 27 franchises recruiting in the Automotive industry. There are eight Garage & Car Repair franchises, three Car Wash franchises, three Tyre franchises, 10 Car franchises and two Taxi franchises offering franchising opportunities. You'll find opportunities to suit many different career objectives and aspirations. If you would like to work in the Automotive Sector, you may be interested to know that, in the Suffolk area, 9,000 people currently work in the industry.
Three franchise business examples worth looking at
Autoremedy Vehicle Repair Service is a competitive business operating in the Automotive industry. A total of £30,000, an affordable initial investment, is required to start an Autoremedy Vehicle Repair Service franchise. You might want to consider getting a loan to cover the startup costs, in which case at least £9,999 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. You could also receive financial assistance, if eligible.
Autoglym is another competitive brand operating in the Automotive sector. The first franchise launched in 1996. Autoglym has proved itself to be a successful business and leader in the field in its 24 years since opening. To start your own Autoglym business, you will need an initial investment of £50,000. It is thus less appropriate for new investors.
Finally, another option to consider is Revive! Auto Innovations. There are 60 outlets open so far, and the network is expanding. To start your business, you will need an initial investment of £32,000. If you plan on getting a loan to cover the costs of opening a franchise, a personal investment of 30 to 50% of the total amount will typically be required. For Revive! Auto Innovations, the minimum personal investment is £14,000. These low startup costs make it a good option to pursue for first-time franchisees.
The Automotive industry currently offers 27 investment options. But you also have plenty of investment possibilities in other sectors as well, including more than 232 franchising opportunities available on Point Franchise.
This page contains machine-generated content provided by LabSense, using data collected from NOMIS and the ONS.