Food Franchise opportunities to start in Lancaster
What to consider when opening a business in Lancaster
Discover the business options waiting for you in Lancaster, situated in the North West of England. On this page you'll find a selection of brands that could make you a franchisee in the Lancaster area. Becoming a franchisee would allow you to run your own business and benefit from comprehensive support. With your interests and career goals in mind, have a look at our range of new business investment opportunities.
An estimated 144,000 people currently live in Lancaster. When broken down by age group, the 20-39 age range is the most prevalent in the population. The local labour force consists of 62,900 people, or 69.5% of the total population. With an unemployment rate of 4.7%, recent data shows that employment in this area is slightly higher than in the rest of the UK. Residents in the area earn £27,639 per year on average. This income is slightly lower than the national average gross salary, which reaches £30,629.
Could the Food sector be the right choice for you?
Across the United Kingdom, there are currently 136 opportunities to open your own franchise in the Food industry. Available brands include three Donut franchises, three Catering franchises, three Wine franchises, seven Vegan franchises and 15 Dessert franchises. You are likely to find a brand that fits your career goals and aspirations among our multiple investment possibilities. Moreover, the number of people currently employed in a specific industry gives an idea of how dynamic it is. In the Lancaster area, 4,500 people work for Hospitality and Food Services companies.
Three franchises that might interest you
If you would like to invest in a Food business, you could consider Wiltshire Farm Foods. The brand is growing, with 80 locations currently in operation, and a desire to expand further. By investing in this established brand, you could qualify for financial assistance.
Another interesting franchise option is Dunkin' Donuts, which has been operating since 1970. The company has built strong customer loyalty over the past 50 years. It is now firmly rooted in the market, counting 11,000 franchise outlets. Starting a Dunkin' Donuts business requires a substantial initial investment of £3,000,000. If you intend to get a loan to cover the startup costs, Dunkin' Donuts asks for a personal investment of at least £1,200,000. For most franchises, this amount represents 30 to 50% of the total investment. Due to the higher startup costs, this option is not advisable for first-time franchisees. Eligible candidates may apply for financial aid. See eligibility details on our website.
Lastly, you could also have a look at Cinnabon, which has been in business since 2004. Cinnabon now has over 16 years of experience under its belt. The brand has developed over time and now operates in 1,300 different locations.
There are currently 136 available franchising opportunities in the Food sector. Take a look at these brands to see if there's a good fit for you. If you are still not sure which sector best suits your needs, have a look through our selection of close to 250 franchising opportunities across various sectors on Point Franchise.
This text was automatically generated in partnership with LabSense, using data provided by NOMIS and the ONS.