Takeaway Franchise opportunities to start in Plymouth
Investing in Plymouth could be your next move
Franchising is a great way to start your own business, while benefitting from the comprehensive support of an established brand. Have a look at our selection of brands in Plymouth, located in the Plymouth area in the South West, where many businesses are currently recruiting. Browse our extensive possibilities in order to find the right brand for you, and you'll be one step closer to starting your own business.
The population of Plymouth is made up of 263,000 residents. When broken down by age group, the 20-39 age range is the most prevalent in the population. Approximately 129,300 people are economically active in the community, representing 77.6% of the population. The unemployment rate (4.6%) is high compared to the national average (4%). Across the UK, the annual gross salary is close to £31,000 on average. In the region of Plymouth, it is £24,371.
The Takeaway services sector: An interesting opportunity for franchisees
Across the UK, there are currently 14 opportunities to run your own franchise in the Takeaway services sector. In fact, we have a wide range of options in the Restaurant industry including the franchises in the Takeaway services sector. You can pick from two Bubble Tea franchises, 15 Restaurant franchises, four Pizza franchises, 11 Fast Food franchises and nine Coffee, Cafe & Coffee Shop franchises today. Hospitality and Food Services is a well-established industry, providing work for 9,000 people in Plymouth alone.
Check out these three business examples
There are many interesting franchising possibilities in the Takeaway services sector. Take Auntie Anne's for example, a brand that was first established in 1988. The brand has grown a devoted following over the past 32 years. With a significant network of 2,000 outlets, the brand knows how to support its franchisees. In order to open an Auntie Anne's business, a significant initial investment of £145,000 is required. If you plan on getting a loan to cover the startup costs, you will typically need to cover 30 to 50% of the total investment yourself. Auntie Anne's asks for a personal investment of at least £40,000. It is thus less appropriate for new investors. If you choose to invest in this franchise, financial aid is available, providing you meet the eligibility criteria.
Bubbleology, open since 2015, is another interesting option. By joining its 69 franchises already in operation, you could contribute to this company's rapid expansion. Opening a Bubbleology business requires a substantial initial investment of £120,000. If you intend to get a loan to cover the startup costs, Bubbleology asks for a personal investment of at least £36,000. For most franchises, this amount represents 30 to 50% of the total investment. Given these higher startup costs, this opportunity is less suitable for first-time franchisees.
Lastly, another option to consider is Really Awesome Coffee. The brand is expanding, with 54 locations currently in operation, and a desire to expand further. You will need to invest £69,000 to open your own Really Awesome Coffee business. At least £9,300 of this reasonable amount should come from your own personal investment. Given these low startup costs, this opportunity is suitable for both first-time investors and established franchisees. When investing in this franchise, you could qualify for financial assistance. See our website for more information.
We offer a total of 14 businesses in the Takeaway services sector. If you're interested, see if the right investment opportunity for you is among them. On Point Franchise, there is plenty of choice in other sectors too. We have close to 250 franchising opportunities in total to choose from.
This page contains machine-generated content provided by LabSense, using data collected from NOMIS and the ONS.