Food Franchise opportunities to start in Redcar
Starting a franchise business in Redcar
Would you like to run your own business? Redcar, located in North East England, could be a good place to start. There are many brands currently recruiting franchisees in the Redcar and Cleveland area. Franchising gives you the opportunity to manage your own business while benefitting from the support of an established brand. By exploring the sectors that appeal to you the most, you will find the franchises that best suit your interests and business objectives.
Recent figures show that Redcar and Cleveland has a population of 137,000 residents. The 60+ age group is the most represented within the population. The 5.5% unemployment rate among the 57,500 economically active people in the area is slightly higher than the national average. The UK's annual average salary is close to £31,000. Salaries in Redcar and Cleveland are lower in comparison, averaging £23,062 a year.
The Food industry and its investment options
Across the UK, there are currently 136 opportunities to run your own franchise in the Food industry. There are currently five Juice franchises, eight Ice Cream franchises, six Milkshake franchises, three Donut franchises and 15 Dessert franchises recruiting franchisees. Have a look to find out whether any fit your career goals and aspirations.
Three franchises that could interest you
In business since 1945, Baskin Robbins is a competitive business operating in the Food industry. Baskin Robbins has gained expertise and customer loyalty in its 75 years since opening. By joining its network of 150 franchisees, you would become a part of a strong business community. You will need an initial investment of £500,000 to open your own Baskin Robbins business. It is thus less appropriate for new investors.
Take a look at Shakeaway, another interesting Food franchise. The brand is expanding, with 40 locations currently in operation, and a desire to expand further. Opening a Shakeaway business requires a substantial initial investment of £100,000. If you intend to get a loan to cover the startup costs, Shakeaway asks for a personal investment of at least £40,000. For most franchises, this amount represents 30 to 50% of the total investment. Due to the higher startup costs, this option is not recommended for first-time franchisees. A large premises will also be required to operate this business. If you can't afford the startup costs on your own, you may be eligible for financial aid.
The Food industry has many brands worth considering. As a final example, have a look at Creams Cafe. Initially established in 2010, by joining its 55 franchises already in operation, you could contribute to this company's expansion. A large premises will be required to operate this business. Also, if you can't cover the startup costs alone, you may be entitled to financial assistance. See our website for details.
If working in the Food industry appeals to you, check out our 136 available franchising opportunities in the sector. If you're curious about franchising options in other sectors, Point Franchise has close to 250 brands to pick from.
Data on this page was provided by NOMIS and the ONS. This content was machine-generated in partnership with LabSense.