Automotive Franchises in the UK
Though the UK’s automotive industry took a knock during the financial crisis, recent years have seen the sector bounce back. More and more cars are now rolling out of the world’s factories, UK car production hitting a seven-year high at the start of 2015 and the sales in the US enjoying another record breaking year.
With automotive technology moving fast and confidence returning to the market, now is a great time for the industry. Anyone thinking about investing in an automotive franchise will find that the sector is incredibly dynamic, with a range of exciting opportunities opening up across the globe.
Automotive franchises in the UK
As the UK is home to a thriving car industry, there is a wide choice of franchises and business opportunities available across the country.
From companies that provide new tyres to businesses that offer smart repairs and roadside assistance, you can even set yourself up as a luxury chauffeur. If that doesn’t grab you, you could invest in a franchise selling car parts, installing windscreens or retuning high end vehicles.
This wide choice of franchise options means that there is guaranteed to be an opportunity to suit your interests, your skillset and your budget, all you need to do is find out which type of business is most in demand in your local area.
How much does it cost to invest in an automotive franchise?
The investment you’ll have to make in your new business will depend on the franchise you choose. Some opportunities can be found for as little as £1,000, where as other business opportunities will set you back £25,000 or more.
What you get for your money will also vary, with some brands simply offering the use of their name and working practices and others providing you with a high level of support including on going training.
Though there are always risks involved when making an investment, the current strength of the UK’s motor industry means that now is a good time to launch a new business venture in the sector.
Do you need previous experience to invest in the automotive industry?
The skills and experience you’ll need to run a successful automotive franchise will vary from business to business. In some cases, you’ll need a specific set of skills in order to make your business a success. Franchises that are involved in repairing vehicles are a good example of this with mechanics and engineers often needed to make the business a success.
However, if you’re not planning to get your hands dirty, it’s always possible to
hire employees with specific skills and take a more managerial role in the business.
The most important skills you’ll need to make your automotive franchise a success are entrepreneurial. Having the business acumen to spot lucrative opportunities, market your franchise in the right way and build your brand are incredibly important if you want your business to thrive.
With the country’s car industry going from strength to strength and the UK population showing no signs of deserting their four-wheeled friends, now is a great time to invest in the industry and start on a brand new career path of your own.
If a franchise within the Automotive industry could be the right franchise for you please click here to see some options.