If we have a look at some of the statistics for franchising we can see why young entrepreneurs and business minded individuals are moving into this area and choosing this format as a secure method to invest in their own business. According to the NatWest Franchise Survey for 2015, published in January 2016, one in five franchisees who launched their business in the last two years were under 30 when they did so. One third of franchise businesses employ ten or more staff and 97 per cent of franchisee owned units reported profitability. A franchise business is much more likely to succeed than a stand-alone, independent business.
Investment levels
With statistics like these no wonder individuals are researching the top franchises to buy in Bangor. For a person searching for franchises that cost more than 100k we could be looking at a big name burger or pizza franchise in Bangor. The high cost franchises or expensive franchises in Bangor will have the big recognisable brand names and logos that are familiar around the country and around the world. If we are looking at franchises under 50k in Bangor there is a little more variety and options to find a niche franchise that is missing in the local community which would be a good franchise to buy in Bangor. How about a sandwich shop franchise in Bangor, or are there already quite a number of sandwich franchises in Bangor? Perhaps research other retail franchises in Bangor that customers are having to travel further afield to. Of course we have the luxury of ordering almost anything online but many people still enjoy the thrill of high street shopping and the social aspect of coffee and lunches out.
At the other end of the scale it is possible to invest in a mortgage franchise in Bangor or mortgage broker franchise in Bangor, wills and probate service or estate agencies for less than £10,000. So if you are looking for mortgage franchise opportunities in Bangor, or other work from home opportunities then how about researching pet franchises for sale in Bangor? There are dog franchises and pet franchise opportunities in Bangor including dog training and dog walking franchises and pet food delivery franchises for less than 10k and other franchises under 50k including retail franchises, sandwich shop franchises, hair salon franchises and safety and security franchises in Bangor.
Match your interests
Whether you are interested in mortgage franchise opportunities in Bangor, safety & security franchises in Bangor or any other franchise business take the time to investigate all the opportunities available to you. Making the right franchise choice is vital not only from an investment perspective but to ensure that all the motivations you have for starting your own business are achieved. Approved Franchises only deal with the most reliable franchise companies and offer a free service to compare a range of pre-approved UK based franchise companies all in one place. Cut down some of your search time by filling in the form above and receive expert advice and obligation free quotes from Approved Franchises right now.