Edinburgh demographics
With a population of approximately half a million people Edinburgh has a thriving economy and being such a huge centre for education, over 40 per cent of the population holds a degree level or professional qualification.
With its historical and cultural attractions like Edinburgh Castle and Edinburgh Fringe Festival, Edinburgh has over a million international visitors a year, the second most popular tourist destination in the United Kingdom after London.
Edinburgh has a high proportion of young adults and according to franchising statistics, in the last two years, one in five new franchise owners have been under thirty and 97 per cent of franchises recorded profitability.
With numbers like these, what a great time for an individual to invest in their own business. For a person researching them, there are businesses to suit almost any background, education or skill set and budget.
One of the best new ones for a person with management experience or an administrative background is a recruitment agency or recruitment management.
With such a busy and bustling city with banking, financial services and government departments, this is one area where fill in or temporary staff are in high demand, and the health care sector of course is always crying out for staff cover. Consider recruitment and get started from around £20,000 minimum investment levels.
Types of franchise opportunity
Another area of investment to be considered is a van based type. With everyone too busy to pound the pavements, more and more people are shopping online.
Companies are under pressure to offer same day or next day delivery so a van delivery version is one option but research van kinds to see other styles of business available for example automotive, oven cleaning, pet food delivery for £10,000 and under. For around £15,000 minimum investment level try UK photography.
Photography is available for the experienced or budding photographer as training is provided with tried and tested models to follow. Of course photo studio franchises will be a bigger investment due to leasing premises.
For a tradesman or person with handyman skills then take a look at home improvement franchises. Home services are in high demand so a home service type can be a lucrative option servicing the local community.
Whether it is home repair, photography or new education niches, whatever the case, enter your details on the form above to save yourself some time and money with your search.
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