Page 3 - Business Franchise Opportunities Newcastle-Upon-Tyne

Newcastle upon Tyne and its prospects for new Businesses

Would you like to run your own business? Newcastle upon Tyne, located in the North East of England, could be a good place to start. There are many businesses currently recruiting franchisees in the Newcastle upon Tyne area. Franchising gives you the opportunity to run your own business while benefitting from the support of an established brand. Start by looking for franchise opportunities in the line of work you are most interested in. This will most likely lead you to a brand that sparks your curiosity.

Approximately 300,000 people currently live in Newcastle upon Tyne. The 20-39 age group makes up the majority of the population. The local unemployment rate of 5.2% is high compared to the national average of 4%. The local labour force consists of 141,500 people, making up 70.9% of the population. For the Newcastle upon Tyne area, the average salary is ?29,204, which is in line with the UK average income of ?30,629.

The Professional Services sector and its franchising options

In the United Kingdom, there are 41 franchises recruiting in the Professional Services sector. Bear in mind that the potential for exciting business ventures in the B2B Services sector is not limited to the Professional Services sector. Other available investment options include three Media franchises, six Courier & Delivery franchises, 27 B2B franchises, 41 Business franchises and seven Training franchises. See if there's one to suit your business goals.

Want to know more? Read about these three brands

If the Professional Services sector is your area of interest, Bartercard UK is worth considering. This brand is growing, counting 75 locations across the United Kingdom. You will need to invest ?6,000 to start operating your own Bartercard UK business, which is an affordable initial investment. Your personal investment should account for at least ?2,000 of the total amount. 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. If you can't afford the startup costs on your own, you may be eligible for financial aid.

Another option worth considering is Driver Hire, a company that opened in 1983. Driver Hire has gained expertise and customer loyalty in its 37 years since opening. By joining its 100 franchises already in operation, you could contribute to this brand's expansion. An initial investment of ?40,000 will enable you to start your own Driver Hire business. In most cases, your personal investment should represent 30 to 50% of the total amount. Driver Hire requires you to personally invest at least ?32,000. You could potentially get a loan to cover the remaining costs. The higher startup costs make this an opportunity best suited for most established franchisees with greater access to financial resources. You may feel more secure in opening a Driver Hire franchise knowing that franchisees can benefit from full training, assistance and support. Eligible candidates may also apply for financial assistance. Visit our website for details.

Lastly, CPA Online could be another good option for you to invest in. By joining its current 10 franchisees, you would be joining a growing brand network. To start your business, you will need an initial investment of ?14,750. 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 generally be required. For CPA Online, the minimum personal investment is ?7,375. Given these low startup costs, this opportunity is suitable for both first-time investors and established franchisees. If you make the decision to invest in this franchise, you will be offered comprehensive training and support, giving your business the best possible chance to succeed.

Starting a business in the Professional Services sector has great potential. If you're interested, have a look at our 41 available options. Don't forget that we offer new business investment ranges across many different sectors on Point Franchise. If you're still looking for the perfect match, just explore our option of almost 250 franchising possibilities.