Restaurant, Coffee Shop & Pub Franchise opportunities to start in Hinckley
Hinckley: A great location to start a business
If you want to open your own business, you may find that Hinckley has a lot to offer. Many brands are currently recruiting franchisees in the Hinckley and Bosworth area. Read on to see if running a franchise could be a good option for you! We offer franchise investment options in a variety of sectors. Why not check out the sector that appeals to you the most?
There are approximately 112,000 people currently living in Hinckley and Bosworth. The population's most prevalent age group is made up of 40-59 year olds. The economically active population in Hinckley and Bosworth amounts to 60,800 people, with an unemployment rate of 3.7%. This rate is in line with the national average. The average annual salary across the United Kingdom is £30,629. With a gross income averaging £27,471, residents of Hinckley and Bosworth have a slightly lower salary than the national average.
Why the Restaurant industry might be a good option for you
If you want to run your own business in the Restaurant sector, the good news is that there are 88 franchises currently recruiting new franchisees across the country. Among the business opportunities in this sector, there are four Halal franchises, five Noodle Bar franchises, three Pub & Bar franchises, two Bubble Tea franchises and three Frozen Yogurt franchises. The perfect business to suit your career goals and aspirations might just be among them. It may interest you to know that businesses in the Hinckley and Bosworth area currently employ 3,000 people in the Hospitality and Food Services industry.
Want to know more? Read about these three brands
NKD Pizza is a competitive franchise operating in the Restaurant sector. The brand is developing, with 25 outlets currently in operation, and a desire to expand further. You will need to invest in a large premises to operate this business. An investment in this franchise entitles you to financial assistance, if eligible.
Wok&Go is another successful brand operating in the Restaurant sector. There are 26 locations open so far, and the network is expanding. This business opportunity requires a substantial initial investment of £200,000. You could get a loan to help cover startup costs, in which case your personal investment will generally need to cover 30 to 50% of the total investment. Wok&Go requires a minimum personal investment of £100,000. It is thus less appropriate for new investors. You will also need to invest in a large premises to operate this business. You may be eligible for financial aid.
Lastly, another opportunity worth considering is Veeno. By joining its network of eight franchisees, you could contribute to this brand's success. To start your business, you will need an initial investment of £80,000. If you intend to get a loan to cover the costs of opening a franchise, a personal investment of 30 to 50% of the total amount will typically be required. For Veeno, the minimum personal investment is £35,000. Given these higher startup costs, this opportunity is less suitable for first-time franchisees. A large premises will also be required to operate this business. By investing in this franchise, you may qualify for financial support. Visit our website for more information.
There are currently 88 franchising opportunities available in the Restaurant sector. Whether you've already made the decision to invest or are still weighing your options, it's worth exploring different sectors. At Point Franchise, we have a total of 236 franchising opportunities to help you find the right fit.
This page contains data collected from NOMIS and the ONS. This content was automatically generated by LabSense.