Page 3 - Business Franchise Opportunities Tamworth

Tamworth: A great location to start a business

If you want to start your own business, you may find that Tamworth has a lot to offer. Many brands are currently recruiting franchisees in the Tamworth area. Keep reading to see if running a franchise could be a good option for you! Deciding which sector you'd like to work in will lead you to the businesses that best suit your needs and business objectives.

Recent figures show that 77,000 people live in Tamworth. The majority of the population sits within the 40-59 age range. The labour force constitutes 86.8% of the population, or approximately 40,600 people. The region has an unemployment rate of 5.3% which is slightly higher than the national average of 4%. The annual salary in the UK is just over ?30,500 on average. The people of Tamworth earn an average annual salary of ?26,343, slightly lower than the country's average.

Running a Professional Services franchise business

If you wish to run a Professional Services franchise, you are likely to find one that appeals to you among 41 available across the UK. You will find many business opportunities in the B2B Services sector, including those in the Professional Services sector. Other possibilities include 27 B2B franchises, seven Training franchises, 38 Management franchises, six Sign franchises and three Media franchises. There might be one worth considering among them.

Here are three examples of franchise businesses

There are many interesting franchising possibilities in the Professional Services sector. Take CPA Online for example. The brand is developing, with 10 locations already in operation, and a desire to expand further. In order to open a CPA Online business, a reasonable initial investment of ?14,750 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. CPA Online asks for a personal investment of at least ?7,375. These low startup costs make this a good franchising option for first-time franchisees. By investing in this established brand, you can benefit from access to expert training and support

Bartercard UK is an interesting investment opportunity in the Professional Services sector. By joining its current 75 franchisees, you would be joining a growing brand network. This business requires a reasonable initial investment of ?6,000. 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 start a Bartercard UK business is ?2,000. 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. Also, if you can't afford the startup costs on your own, you may qualify for financial support.

Lastly, if the Professional Services sector appeals to you, Driver Hire is another option you could consider. Initially established in 1983, Driver Hire has grown a devoted following since opening 37 years ago. There are 100 outlets open so far, and the network is expanding. Opening a Driver Hire business requires an initial investment of ?40,000. At least ?32,000 should come from your own personal investment. Due to the higher startup costs, this option is not recommended for first-time franchisees. Driver Hire could be a good option for you, as the company provides comprehensive training and support. Also, if you can't afford the startup costs alone, you may be entitled to financial assistance. Visit our website for more information.

The Professional Services sector has many successful franchise businesses. We currently have 41 options available in this sector. On Point Franchise, there is plenty of choice in other sectors as well. We have 238 franchising opportunities in total to choose from.