Food Franchise opportunities to start in Coalville
What can Coalville offer to new businesses?
The franchising possibilities in Coalville, located in the East Midlands, are numerous. As a franchisee, you could have the independence of working alone with the support of a team behind you. Stay on this page to find out which brands you could work with in North West Leicestershire. Browse our extensive possibilities in order to find the right franchise for you, and you'll be one step closer to opening your own business.
Recent figures show that North West Leicestershire has a population of 102,000 people. When broken down by age group, the 40-59 age range is the most prevalent in the population. The region has a 6.2% unemployment rate, which is slightly higher than the national average of 4%. Overall, the region's economically active population consists of 48,100 people or 76.3% of the total population. For the North West Leicestershire area, the average salary is £28,742, which is slightly lower than the UK average income of close to £31,000.
Why Food businesses appeal to franchisees
There are currently 136 opportunities to invest in the Food industry. If you would like to operate a business in this sector, keep reading. Have a look through our eight Ice Cream franchises, 11 Sweets franchises, six Milkshake franchises, five Juice franchises and 15 Dessert franchises to see if any suit your career goals and aspirations. Many companies in North West Leicestershire already work in the Hospitality and Food Services industry, which employs 3,500 people. You would become a part of a well-established business community.
Want to know more? Read about these three brands
If you'd like to run your own Food business, Crêpeaffaire might be a great option for you. By joining its 24 franchises already in operation, you could contribute to this brand's expansion. In order to start a Crêpeaffaire business, a substantial initial investment of £200,000 is required. If you plan on getting a loan to cover the startup costs, you will usually need to cover 30 to 50% of the total investment yourself. Crêpeaffaire requires a personal investment of at least £130,000. Due to the higher startup costs, this option is not recommended for first-time franchisees.
Baskin Robbins is another interesting investment opportunity if you plan to invest in the Food sector. Launched in 1945, Baskin Robbins has been operating for 75 years and has gained many loyal customers as a result. The brand has a strong network and good exposure, operating in 150 franchise outlets. You will need an initial investment of £500,000 to start your own Baskin Robbins business. Due to the higher startup costs, this option is not advisable for first-time franchisees.
The Food sector has many brands worth considering. As a final example, have a look at CAVAVIN. The brand's network is made up of 160 franchisees, which enhance its visibility. A total of £100,000, a substantial initial investment, is required to open a CAVAVIN franchise. You might want to consider getting a loan to cover the startup costs, in which case at least £40,000 of the total investment should come from your personal funds. Given these higher startup costs, this is 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. If you can't afford the startup costs on your own, you may be eligible for financial assistance. See our website for details.
The Food industry currently offers 136 investment opportunities. If you're interested in exploring franchising options in other sectors, Point Franchise has 236 brands to choose from.
NOMIS and the ONS provided the data shown on this page. This text was automatically generated by LabSense.