Page 3 - Business Franchise Opportunities Plymouth

What to consider when opening a franchise in Plymouth

The Plymouth area offers many interesting business opportunities. If you are interested in running your own business, you should consider franchising. This would allow you to work for yourself while benefiting from the support of an established brand. Have a look on this page to discover the franchise options available to you in Plymouth. Browse our extensive possibilities in order to find the right brand for you, and you'll be one step closer to starting your own business.

There are an estimated 263,000 people in the Plymouth area. The 20-39 age group has the highest concentration in the population. Approximately 129,300 people are economically active in the region, representing 77.6% of the population. The unemployment rate (4.6%) is high compared to the national average (4%). With an average gross annual income of ?24,371, salaries in Plymouth are lower than the average income of ?30,629 across the UK.

Have you considered the Professional Services sector?

Across the United Kingdom, there are 41 franchises operating in the Professional Services sector. The Professional Services sector is just one example of the options available in the B2B Services sector. Other opportunities include three Media franchises, seven Training franchises, two Consulting franchises, 38 Management franchises and six Recruitment franchises. Have a look, the perfect business opportunity for you could be a few clicks away.

Three examples of available franchise business options

If you're interested in the Professional Services sector, take a look at Business Partnership. This brand is growing, counting 19 locations in the UK. This business opportunity requires a reasonable initial investment of ?34,000. 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. Business Partnership requires a minimum personal investment of ?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. Good to know: you won't need any premises as you can work from home. Also, if you can't cover the startup costs alone, you may be able to benefit from financial aid.

The Professional Services sector has many brands worth considering. Have a look at Driver Hire. First established in 1983, Driver Hire now offers its expertise to a loyal customer base, built up over 37 years. By joining its network of 100 franchisees, you could contribute to this brand's success. To start your business, you will need an initial investment of ?40,000. If you intend to get 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 Driver Hire, the minimum personal investment is ?32,000. Due to the higher startup costs, this option is not advisable for first-time franchisees.

Finally, another brand worth considering is Bartercard UK. There are 75 outlets open so far, and the network is expanding. A reasonable initial investment of ?6,000 will enable you to open your own Bartercard UK business. In most cases, your personal investment should represent 30 to 50% of the total amount. Bartercard UK requires you to personally invest at least ?2,000. You could potentially get a loan to cover the remaining costs. Given these low startup costs, this option could be suitable for first-time franchisees. If you choose to invest in this franchise, financial assistance is available, providing you meet the eligibility criteria. See eligibility details on our website.

Starting a business in the Professional Services sector has great potential. If you're interested, check out our 41 available options. Plus, with 236 alternative franchising options available across various sectors, Point Franchise offers plenty of choice to find the brand that best meets your needs.