Food Franchise opportunities to start in Washington
Washington and its prospects for new Businesses
If you want to start your own business, you may find that Washington has a lot to offer. Several companies are currently recruiting franchisees in the Sunderland area. Keep reading to see if running a franchise could be a good option for you! Exploring our range of brands and sectors will allow you to pinpoint the type of business that is right for you.
The Sunderland region has 277,000 residents. Residents aged 40 to 59 years old make up the majority of the population. The 7.1% unemployment rate among the 130,000 economically active people in the area is slightly higher than the UK average. Residents of Sunderland have an annual average income of £24,167. In comparison, the average gross salary in the United Kingdom is just over £30,500.
Running a Food franchise business
Are you interested in the Food industry? If so, there are 136 available franchises to choose from in the United Kingdom. Could your ideal business be among our 11 Sweets franchises, three Wine franchises, three Donut franchises, six Milkshake franchises and nine Healthy Food franchises? Have a look to find out. If you are considering joining the Hospitality and Food Services industry, it may interest you to know that 6,000 people have already made the decision to work in this field in the Sunderland area.
Have a look at three franchise business examples
The Food industry has many franchise opportunities available, such as Shakeaway. By joining its current 40 franchisees, you would become a part of a growing brand network. To open your own Shakeaway franchise, you will need to invest £100,000, of which at least £40,000 should be your own personal investment. You could get a loan to help cover the remaining startup costs. Given these higher startup costs, this is an opportunity best suited for most established franchisees with greater access to financial resources. Financial aid can be provided in some circumstances.
CAVAVIN could be another good option for you to invest in. By joining its network of 160 franchisees, you would become a part of a well-established business community. To start your business, you will need an initial investment of £100,000. 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 CAVAVIN, the minimum personal investment is £40,000. Due to the higher startup costs, this option is not recommended for first-time franchisees. You will also need to invest in a large premises to operate this business. Financial support is available for eligible franchisees.
Lastly, another option to consider is Wafflemeister. By joining its network of 24 franchisees, you could contribute to this brand's success. You will need to invest £150,000 to open your own Wafflemeister business. At least £100,000 of this substantial amount should come from your own personal investment. Given these higher startup costs, this is an opportunity best suited for most established franchisees with greater access to financial resources. You will also need to invest in a small premises to operate this business. If eligible, you might be able to benefit from financial assistance. See eligibility details on our website.
If you would like to have a look at more new business investment options in the Food industry, we currently have 136 available opportunities. If you're interested in exploring business options in other sectors, we've got a total of almost 250 franchising opportunities to choose from on Point Franchise.
This page contains data collected from NOMIS and the ONS. This content was automatically generated by LabSense.