Personal & Home Care Services Franchise opportunities to start in Tynemouth
Starting a franchise business in Tynemouth
The franchising opportunities in Tynemouth, located in North East England, are numerous. As a franchisee, you could have the independence of working alone with the support of a team behind you. Stay on this page to find out which brands you could work with in North Tyneside. We offer franchise investment options in a variety of sectors. Why not look into the sector that appeals to you the most?
According to recent census data, 206,000 people live in North Tyneside. The majority of the population sits within the 40-59 age group. In terms of employment, the area has an economically active population of 102,600 people (80.4%), of which the unemployment rate is 3%. This figure is lower than the average unemployment rate across the UK. In the UK, the average gross salary is just over £30,500; in the North Tyneside area, it is £27,665.
Business opportunities in the Personal & Home Care Services sector
There are 185 franchises in the Personal & Home Care Services sector to choose from. There are two Security franchises, nine Home Care franchises, 17 Healthcare franchises, 12 Senior Care franchises and four Medical franchises offering franchising opportunities. You'll find opportunities to suit all kinds of career objectives and aspirations.
Eager to know more? Here are three franchise business examples
There are many interesting franchising possibilities in the Personal & Home Care Services sector. Take Heritage Healthcare for example, a brand that was first established in 2013. You will need an initial investment of £95,994 to open your own Heritage Healthcare business. Your personal investment should account for at least £35,994 of the total amount. You may want to consider getting a loan to start a business in this sector. Given these higher startup costs, this opportunity is less suitable for first-time franchisees.
Swimtime could be another good option for you to invest in. This brand is expanding, counting 28 locations across the country. This business opportunity requires an affordable initial investment of £10,000. You could get a loan to help cover startup costs, in which case your personal investment will generally need to cover 30 to 50% of the total investment. Swimtime requires a minimum personal investment of £8,000. These low startup costs make this a good franchising option for first-time franchisees. If you can't cover the startup costs on your own, you may qualify for financial assistance.
Lastly, TruGreen, open since 1990, is another interesting option. There are 60 outlets open so far, and the network is expanding. TruGreen has gained substantial customer loyalty over its 30 years in business. To start your business, you will need an initial investment of £28,000. 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 TruGreen, the minimum personal investment is £8,400. Given these low startup costs, this opportunity is suitable for both first-time investors and established franchisees. If you can't afford the startup costs on your own, you could see if you qualify for financial aid. Visit our website for more information.
Many businesses are already operating in the Personal & Home Care Services sector. We currently have 185 franchise options available in the sector. Whether you've already decided to invest or are still weighing your options, it's worth looking at different sectors. At Point Franchise, we have a total of almost 250 franchising opportunities to help you find the right fit.
This text was automatically generated in partnership with LabSense, using data collected from NOMIS and the ONS.