Business Franchise opportunities to start in Gateshead
What to consider when starting a business in Gateshead
Would you like to run your own business? Gateshead, located in North East England, could be a good place to start. There are many brands currently recruiting franchisees in the Tyne and Wear Met County area. Franchising gives you the opportunity to manage your own business while benefitting from the support of an established brand. By browsing the sectors that appeal to you the most, you will find the franchises that best suit your interests and business goals.
The Tyne and Wear Met County area has a population of 1,136,000 residents. Residents aged 20 to 39 years old make up the majority of the population. Unemployment affects 4% of the UK population. With a rate of 5.7%, unemployment in this area is slightly higher than the national average. The economically active population amounts to 540,200 people, making up 75.0% of the population.
Could the Professional Services sector be the right choice for you?
If you want to run your own business in the Professional Services sector, the good news is that there are 41 franchises currently recruiting new franchisees across the country. This is just one of the sectors you could choose within the B2B Services sector. There are also two Consulting franchises, three Legal & Solicitor franchises, six Recruitment franchises, 27 B2B franchises and two Business Coaching franchises. Have a browse and find out if any are a good fit for you.
Take a look at three franchise business examples
There are many interesting franchising opportunities in the Professional Services sector. Take Driver Hire for example, a brand that was first established in 1983. Driver Hire, now a leader in the sector, has gained 37 years of experience since first opening. There are 100 locations open so far, and the network is expanding. In order to open a Driver Hire business, an initial investment of £40,000 is required. If you plan on getting a loan to cover the startup costs, you will generally need to cover 30 to 50% of the total investment yourself. Driver Hire requires a personal investment of at least £32,000. Due to the higher startup costs, this option is not recommended for first-time franchisees. If you can't afford the startup costs on your own, you may be eligible for financial assistance.
Chrysalis Partners is another successful brand operating in the Professional Services sector. By joining its current 10 franchisees, you would become a part of a growing brand network. To start your business, you will need an initial investment of £34,950. 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 usually be required. For Chrysalis Partners, the minimum personal investment is £20,000. 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 may qualify for financial aid.
Bartercard UK is a third interesting franchising opportunity in the Professional Services sector. The brand is developing, with 75 outlets already in operation, and a desire to expand further. Opening a Bartercard UK franchise will require you to invest a minimum of £6,000. At least £2,000 of this should come from your own personal investment. These low startup costs make it a good option to pursue for first-time franchisees. Financial aid can be given in some circumstances. See our website for details.
The Professional Services sector offers 41 franchising options. Plus, with 236 alternative franchising options available across various sectors, Point Franchise offers plenty of choice to find the right brand for you.
This page contains machine-generated content provided by LabSense, using data collected from NOMIS and the ONS.