Food Franchise opportunities to start in Newark-on-Trent
Investing in Newark-on-Trent could be your next move
Newark-on-Trent, located in the East Midlands, has many opportunities for people looking to open their own business. There are many brands currently recruiting franchisees in the Newark and Sherwood area. This could mean working for yourself while benefiting from the comprehensive support of an established brand. Start by looking for franchise opportunities in the line of work you are most interested in. This will most likely help you find a brand that sparks your curiosity.
Recent figures show that 122,000 people live in Newark and Sherwood. Residents aged over 60 years old have the highest concentration within the population. The area has a labour force of 57,000 people, or 77.9% of the total population. The unemployment rate (6%) is high compared to the rest of the UK. With an average gross annual income of £28,564, salaries in Newark and Sherwood are slightly lower than the average salary of just over £30,500 across the United Kingdom.
Business options in the Food sector
There are currently 136 opportunities to invest in the Food sector. If you would like to run a business in this sector, keep reading. You can choose an investment opportunity from three Wine franchises, 15 Dessert franchises, 14 Drinks franchises, eight Ice Cream franchises and three Catering franchises. Let our selection of brands be your guide to starting your next exciting investment opportunity. In Newark and Sherwood, there are currently 6,000 people employed in the Hospitality and Food Services industry, so you would be joining an established business network.
Eager to know more? Here are three franchise business examples
The Food industry has many franchise opportunities available, such as Crêpeaffaire. By joining its 24 franchises already in operation, you could contribute to this brand's expansion. In order to start a Crêpeaffaire business, a significant initial investment of £200,000 is required. If you plan on getting a loan to cover the startup costs, you will typically need to cover 30 to 50% of the total investment yourself. Crêpeaffaire requires a personal investment of at least £130,000. It is thus less appropriate for new investors. A large premises will also be required to operate this business. If you can't afford the startup costs on your own, you could see if you qualify for financial assistance.
The Food sector has many brands worth considering. Have a look at Bagel Corner. This brand is growing, counting 30 locations in the UK. A small premises will be required to operate this business.
Lastly, Wiltshire Farm Foods is another interesting option. By joining its network of 80 franchisees, you could contribute to this brand's success.
If you would like to take a look at more franchising options in the Food industry, we currently have 136 available opportunities. Point Franchise offers a total of close to 250 franchising options across many different sectors. So, if you're still searching for a brand that meets your needs, there are plenty of options for you to explore.
This text was automatically generated in partnership with LabSense, using data collected from NOMIS and the ONS.