Franchises For Sale In Tyne and Wear

Franchising is a very popular option for anyone to start their own business in Tyne and Wear. So today we will share some statistics around starting your own business by investing in a franchise opportunity. We hope these statistics can help you understand the kind of customer base which is in Tyne and Wear. Also the economic growth Tyne and Wear has seen within previous years in the united kingdom.

Statistics around Tyne and Wear

We will now list some statistics below around Tyne and Wear to give you an idea of the area and the customer base that is available to you upon purchasing a franchise opportunity based in Tyne and Wear.

• In 2018, there were 1.1M residents in Tyne and Wear county with an average age of 40.3 years.
• Population grew by 4.6% since 2002 and population average age increased by 1.3 years in the same period.
• Based on Census, there were 2.28 residents per household in 2011.

How franchising helps the economy?

We will now list some statistics below which were collected for the whole of the UK in previous years. Even though these are not exclusively statistics collected in Tyne and Wear they still show what an important role franchising plays annually to the UK economy.

• Franchising provides over 700,000 jobs across the UK.
• Franchising alone in the UK contributes to a staggering £17 billion to the UK economy.
• Also franchising raises millions for its chosen charities annually.

What do these statistics show for franchising in the UK?

These statistics show even though franchising is great for anyone looking to run a business but is worried if they are new. Franchising allows those people to achieve their dreams and run their own business and receive help from the franchisor step by step. Also franchising really helps the economy as you can see by reading the statistics shared above. So overall I would say franchising in the UK is a win, win.