IT, High-Tech & Online Franchise opportunities to start in London
Is London a good place to become a franchisee?
London, located in the London Region, currently offers many franchising opportunities. As a franchisee, you could run your own business while receiving expert training and support from an established brand. Keep reading to explore the options in the London area. Exploring our selection of brands and sectors will allow you to pinpoint the type of business that is right for you.
Recent figures show that London has a population of 8,908,000 people. The majority of the population sits within the 20-39 age range. The region has a 4.6% unemployment rate, which is slightly higher than the national average of 4%. Overall, the region's labour force consists of 4,739,500 people or 78.1% of the total population. London has an average annual salary of £41,220. This salary is significantly higher than the rest of the UK, which has an average income of £30,629.
Running a franchise in the IT sector
In the United Kingdom, you will find 25 franchises recruiting in the IT sector. This sector offers a range of interesting options, including two Mobile Phone franchises, three Game franchises, seven Online & Internet franchises, three Video Game franchises and five Computer franchises. See if any catch your eye.
Have a look at three franchise business examples
If you would like to invest in the IT sector, Spoton.net could be a good option. By joining its current 30 franchisees, you would become a part of a growing brand network. A reasonable initial investment of £14,000 will enable you to open your own Spoton.net business. In most cases, your personal investment should represent 30 to 50% of the total amount. Spoton.net requires you to personally invest at least £8,000. You could potentially apply for a loan to cover the remaining costs. 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. You could also receive financial aid, if eligible.
Jam Coding is an interesting investment opportunity in the IT sector. By joining its one franchise already in operation, you could contribute to this company's expansion. This business requires a reasonable initial investment of £19,950. 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 Jam Coding business is £4,000. Given these low startup costs, this option could be suitable for first-time franchisees. If you can't cover the startup costs on your own, you could see if you qualify for financial assistance.
Finally, Families Magazine is another successful business that has been operating in the IT sector since 1992. The brand now has 28 years of experience, making it a leader in the field. This brand is growing, counting 35 locations in the UK. Initially, you would need to invest £12,500 to get your own Families Magazine business up and running. 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. Also, if you can't afford the startup costs alone, you may be able to benefit from financial aid. See eligibility details on our website.
If you are interested in the IT sector and want to discover more franchising options, check out the 25 brands available in this sector. Whether you've already made the decision to invest or are still weighing your options, it's worth looking at different sectors. At Point Franchise, we have a total of 236 franchising opportunities to help you find the perfect fit.
Data on this page was collected from NOMIS and the ONS. This content was machine-generated in partnership with LabSense.