Food Franchise opportunities to start in Telford
What to know before opening a franchise in Telford
Would you like to run your own business? Telford, located in the West Midlands, could be a good place to start. There are many businesses currently recruiting franchisees in the Telford and Wrekin area. Franchising gives you the opportunity to manage your own business while benefitting from the support of an established brand. Starting a business should be exciting! Have a look at our range of franchising opportunities, starting with the sectors that you feel most passionate about.
The population of Telford and Wrekin is 178,000. The most represented age group is 40-59 years of age. Unemployment in the area (4.5%) is high compared to the United Kingdom as a whole (4%). The labour force represents 80.4% of the local population, or 88,300 people. Salaries in Telford and Wrekin average £25,758 a year, while in the UK the average income is just over £30,500.
Running a Food franchise business
If the idea of running a business in the Food sector appeals to you, take a look at the 136 brands currently recruiting franchisees in the field. Among the business opportunities in this sector, you will find six Milkshake franchises, six Bakery franchises, 14 Drinks franchises, three Catering franchises and three Smoothie franchises. There might be one worth considering among them. If you are thinking about starting a business in Hospitality and Food Services, Telford and Wrekin could be a good place to do it. Indeed, 4,000 people have already made the decision to work in this industry in the Telford and Wrekin area.
Take a look at three franchise business examples
If working in the Food sector appeals to you, check out Cinnabon. First established in 2004, Cinnabon has proved itself to be a successful business and leader in the field in its 16 years since opening. A network of 1,300 franchisees promotes the brand's exposure.
Have a look at Creams Cafe, another interesting Food franchise that launched in 2010. By joining its network of 55 franchisees, you could play a part in this brand's success. You will need to invest in a large premises to operate this business. If you can't cover the startup costs on your own, you may qualify for financial assistance.
Lastly, CAVAVIN could be another good option for you to invest in. The brand's network is significant, counting 160 outlets across the United Kingdom. To start your business, you will need an initial investment of £100,000. If you plan on getting a loan to cover the costs of opening a franchise, a personal investment of 30 to 50% of the total amount will generally 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. A large premises will also be required to operate this business. Eligible candidates may apply for financial aid. Visit our website for more information.
Many businesses are already operating in the Food sector. We currently have 136 franchise options available in the sector. On Point Franchise, there is plenty of choice in other sectors too. We have almost 250 franchising opportunities in total to choose from.
This text was automatically generated in partnership with LabSense, using data collected from NOMIS and the ONS.