Food Franchise opportunities to start in Solihull
Why should you invest in Solihull?
Solihull, located in the West Midlands, has many opportunities for people looking to start their own business. There are several brands currently recruiting franchisees in the Solihull area. This could mean working for yourself while receiving the comprehensive support of an established brand. With your interests and business objectives in mind, have a look at our range of new business investment opportunities.
According to recent census data, 215,000 people live in Solihull. The majority of the population falls within the 40-59 age range. The local labour force consists of 101,800 people, or 79.7% of the total population. With an unemployment rate of 3.9%, recent data shows that employment in this area is in line with the rest of the United Kingdom. The gross annual income in Solihull amounts to £36,450, which is significantly higher than the national average of close to £31,000.
Franchising options in the Food sector
Across the UK, there are 136 franchises in the Food industry. This sector offers a number of interesting options, including five Juice franchises, three Natural Food franchises, 14 Drinks franchises, three Weight Loss franchises and four Waffle franchises. See if any catch your eye. In Solihull, there are currently 9,000 people working in the Hospitality and Food Services industry, so you would be joining an established business community.
Three franchises that could interest you
If you're planning to invest in the Food industry, check out Snack Aid, a brand that opened in 2013. Starting a Snack Aid business requires an affordable initial investment of £4,259. If you intend to get a loan to cover the startup costs, Snack Aid asks for a personal investment of at least £2,555. For most franchises, this amount represents 30 to 50% of the total investment. Given these low startup costs, this opportunity is suitable for both first-time investors and established franchisees. If you can't cover the startup costs on your own, you may qualify for financial assistance.
CAVAVIN is another interesting option. The brand's network is made up of 160 franchisees, which promote its visibility. In order to open a CAVAVIN business, a significant initial investment of £100,000 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. CAVAVIN asks for a personal investment of at least £40,000. Due to the higher startup costs, this option is not advisable for first-time franchisees. You will also need to invest in a large premises to operate this business. You could also benefit from financial aid, if eligible.
Finally, Wafflemeister is another successful brand operating in the Food industry. The brand is growing, with 24 locations already in operation, and a desire to expand further. To start your own Wafflemeister franchise, you will need to invest £150,000, of which at least £100,000 should be your own personal investment. You could get a loan to help cover the remaining startup costs. Given these higher startup costs, this opportunity is less suitable for first-time franchisees. You will also need to invest in a small premises to operate this business.
The Food industry currently offers 136 investment options. Point Franchise offers a total of 236 franchising opportunities 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.
Data on this page was collected from NOMIS and the ONS. This content was machine-generated in partnership with LabSense.