Business Franchise opportunities to start in Billingham
Billingham is an attractive town to invest in
Located in North East England, Billingham is an area with business opportunities on the rise. If working as your own boss with a team behind you sounds appealing, check out our franchising possibilities in Stockton-on-Tees and take the first step towards running your own business. We offer a range of realistic new business investment opportunities, so that you can find one you like.
There are approximately 197,000 people currently living in Stockton-on-Tees. Residents aged 40 to 59 years old are the most represented within the population. The labour force constitutes 75.9% of the population, or approximately 91,500 people. The area has an unemployment rate of 6% which is slightly higher than the UK average of 4%. With an average gross annual income of £26,850, salaries in Stockton-on-Tees are slightly lower than the average income of close to £31,000 across the UK.
The Professional Services sector: An interesting opportunity for franchisees
Are you interested in the Professional Services sector? You're likely to find a franchise worth considering among 41 brands in the United Kingdom. The Professional Services sector is part of the B2B Services sector, which also offers two Consulting franchises, six Courier & Delivery franchises, three Media franchises, six Recruitment franchises and 38 Management franchises. The perfect business to suit your career objectives and aspirations might just be among them.
Three franchise business examples worth looking at
If the Professional Services sector is your area of interest, CPA Online is worth considering. There are 10 outlets open so far, and the network is expanding. To start your own CPA Online franchise, you will need to invest £14,750, of which at least £7,375 should be your own personal investment. You could get a loan to help cover the remaining startup costs. Given these low startup costs, this option could be suitable for first-time franchisees.
Driver Hire is another successful business that has been operating in the Professional Services sector since 1983. Driver Hire now has 37 years of experience in the sector, making it a strong leader. By joining its current 100 franchisees, you would become a part of a growing brand network. 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 open a Driver Hire business is £32,000. Due to the higher startup costs, this option is not advisable for first-time franchisees. If you can't afford the startup costs on your own, you may be eligible for financial assistance.
Lastly, another option to consider is Chrysalis Partners. By joining its network of 10 franchisees, you could play a part in this brand's success. In order to open a Chrysalis Partners business, a reasonable initial investment of £34,950 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. Chrysalis Partners asks for a personal investment of at least £20,000. These low startup costs make this a good franchising option for first-time franchisees. By investing in this franchise, you may qualify for financial support. See our website for details.
If you would like to take a look at more new business investment options in the Professional Services sector, we currently have 41 available opportunities. Don't forget that we offer new business investment selections across many different sectors on Point Franchise. If you're still looking for the perfect match, just explore our option of close to 250 franchising possibilities.
This text was automatically generated in partnership with LabSense, using data collected from NOMIS and the ONS.