Food Franchise opportunities to start in Durham
What can Durham offer to new businesses?
If you want to open your own business, you may find that Durham has a lot to offer. Many brands are currently recruiting franchisees in the County Durham area. Keep reading to see if running a franchise could be a good option for you! We offer a number of franchises to suit different budgets and career goals. Take a look at our range of businesses and sectors to see what might suit you.
The County Durham area has a population of 527,000 people. Residents aged over 60 years old are the most represented within the population. Approximately 244,900 people are economically active in the region, representing 75.5% of the population. The unemployment rate (5.7%) is high compared to the UK average (4%). Salaries in County Durham average £27,594 a year, while in the UK the average income is £30,629.
Why start a franchise in the Food industry?
There are 136 UK-based franchises available in the Food industry. Available franchises include nine Healthy Food franchises, eight Ice Cream franchises, three Smoothie franchises, five Juice franchises and three Donut franchises. The perfect business to suit your career objectives and aspirations might just be among them.
Three brands worth your attention
If you're interested in the Food sector, check out Shakeaway. By joining its network of 40 franchisees, you could play a part in this brand's success. Starting a Shakeaway business requires a significant initial investment of £100,000. At least £40,000 should come from your own personal investment. The higher startup costs make this an opportunity best suited for most established franchisees with greater access to financial resources. A large premises will also be required to operate this business. Also, if you can't afford the startup costs alone, you may be entitled to financial aid.
If the Food industry appeals to you, Heavenly Desserts is another option you could have a look at. This brand is developing, counting 21 outlets across the United Kingdom. A significant initial investment of £190,000 will enable you to open your own Heavenly Desserts business. In most cases, your personal investment should represent 30 to 50% of the total amount. Heavenly Desserts requires you to personally invest at least £110,000. You could potentially apply for a loan to cover the remaining costs. Due to the higher startup costs, this option is not advisable for first-time franchisees.
Dunkin' Donuts is a third interesting investment opportunity in the Food sector. Initially established in 1970, the brand's extensive experience, good reputation and wide exposure are valuable assets. It is now firmly rooted in the market, counting 11,000 franchise locations. A total of £3,000,000, a significant initial investment, is required to start a Dunkin' Donuts franchise. You might want to consider getting a loan to cover the startup costs, in which case at least £1,200,000 of the total investment should come from your personal funds. The higher startup costs make this an opportunity best suited for most established franchisees with greater access to financial resources. By investing in this franchise, you may qualify for financial assistance. See eligibility details on our website.
There are currently 136 franchising opportunities available in the Food industry. Point Franchise has almost 250 franchising opportunities across a wide variety of sectors. So if this sector isn't for you, there are still lots of investment options to explore.
This page contains machine-generated content provided by LabSense, using data collected from NOMIS and the ONS.