Car & Automotive Franchise opportunities to start in Royal Tunbridge Wells
Why should you invest in Royal Tunbridge Wells?
If you want to open your own business, you may find that Royal Tunbridge Wells has a lot to offer. Many companies are currently recruiting franchisees in the Tunbridge Wells area. Read on to find out if running a franchise could be a good option for you! We offer a number of realistic new business investment options, so that you can find one you like.
The Tunbridge Wells area has a population of 118,000 residents. Residents in the 40-59 age group make up the largest portion of the population. The region has a labour force of 58,100 people, or 83.4% of the total population. The unemployment rate (2.7%) is very low compared to the rest of the United Kingdom. The annual income in the UK is just over £30,500 on average. The people of Tunbridge Wells earn an average annual salary of £39,104, significantly higher than the country's average.
Why start a business in the Automotive sector?
Are you interested in running your own business in the Automotive sector? Have a look at our 27 franchise opportunities available in this sector. In fact, you can pick from 10 Car franchises, three Tyre franchises, two Taxi franchises, three Car Wash franchises and eight Garage & Car Repair franchises today.
Take a look at three franchise business examples
The Automotive sector offers a variety of brands to choose from, including Autoglym. Launched in 1996, Autoglym has gained valuable experience in the field in its 24 years since first opening. This brand is growing, counting 65 locations across the United Kingdom. To start your own Autoglym business, you will need 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.
Autoremedy Vehicle Repair Service is another interesting brand operating in the Automotive industry. In order to open an Autoremedy Vehicle Repair Service business, an affordable initial investment of £30,000 is required. If you plan on getting a loan to cover the startup costs, you will typically need to cover 30 to 50% of the total investment yourself. Autoremedy Vehicle Repair Service asks for a personal investment of at least £9,999. Given these low startup costs, this option could be suitable for first-time franchisees. Financial assistance is available for eligible franchisees.
As a final example, have a look at The Wheel Specialist. By joining its current 30 franchisees, you would be joining a growing brand network. A total of £160,000, a substantial initial investment, is required to start a Wheel Specialist franchise. You might want to consider getting a loan to cover the startup costs, in which case at least £60,000 of the total investment should come from your personal funds. It is thus less appropriate for new investors. You will also need to invest in a small premises to operate this business. If you can't cover the startup costs on your own, you could see if you qualify for financial aid. See eligibility details on our website.
The Automotive industry has many successful franchise businesses. We currently have 27 opportunities available in this sector. If you're interested in exploring investment options in other sectors, we've got a total of 236 franchising opportunities to choose from on Point Franchise.
Data on this page was provided by NOMIS and the ONS. This content was machine-generated in partnership with LabSense.