Business Franchise opportunities to start in London

Starting a franchise business in London

London, located in the London Region, has many opportunities for people looking to open their own business. There are several brands currently recruiting franchisees in the London area. This could mean working for yourself while receiving the comprehensive support of an established brand. There are a variety of new business investment opportunities available based on your budget and career goals. Have a browse to find the brand that appeals to you most.

The population of London is made up of 8,908,000 people. Residents aged 20 to 39 years old are the most represented within the population. The area has an economically active population of 4,739,500 people, or 78.1% of the total population. The unemployment rate (4.6%) is high compared to the rest of the United Kingdom. The local income averages £41,220 per year, which is significantly higher than the £30,629 average income in the UK as a whole.

The Professional Services sector and its investment options

Are you interested in running your own business in the Professional Services sector? Take a look at our 41 franchise opportunities available in this field. The Professional Services sector is a part of the B2B Services sector. Other brands recruiting in this industry include 10 Marketing franchises, three Media franchises, 27 B2B franchises, 38 Management franchises and six Courier & Delivery franchises. Among these franchising opportunities, there will likely be one that fits your career goals and aspirations.

Three examples of available franchise business possibilities

If you are interested in running a business in the Professional Services sector, read about Driver Hire, a brand operating since 1983. Driver Hire, now a leader in the sector, has gained 37 years of experience since first opening. By joining its 100 franchises already in operation, you could contribute to this company's expansion. This business requires an initial investment of £40,000. If you intend to get 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 Driver Hire business is £32,000. The higher startup costs make this an opportunity best suited for most established franchisees with greater access to financial resources. Training and assistance provided by Driver Hire will help you lead your business in the right direction. And, if eligible, you might be entitled to financial assistance.

The Professional Services sector has many brands worth considering. Check out CPA Online. By joining its current 10 franchisees, you would become a part of a growing brand network. A total of £14,750, an affordable initial investment, is required to open a CPA Online franchise. You might want to consider getting a loan to cover the startup costs, in which case at least £7,375 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. By investing in this established brand, you can benefit from access to expert training and support

Lastly, Bartercard UK is another interesting investment opportunity if you plan to invest in the Professional Services sector. This brand is growing, counting 75 locations across the country. You will need to invest £6,000 to begin operating your own Bartercard UK business, which is a reasonable initial investment. Your personal investment should account for at least £2,000 of the total amount. These relatively low startup costs make it a good option to pursue for first-time franchisees. If you can't afford the startup costs on your own, you could see if you qualify for financial aid. See eligibility details on our website.

There are 41 franchises waiting to be discovered in the Professional Services sector. If you're still torn between different sectors, no problem! Point Franchise offers almost 250 franchising opportunities across many different sectors. Enjoy exploring your options.

This text was automatically generated in partnership with LabSense, using data collected from NOMIS and the ONS.