Food Franchise opportunities to start in Hinckley
Hinckley and its prospects for new Businesses
Would you like to run your own business? Hinckley, located in the East Midlands, could be a good place to start. There are many brands currently recruiting franchisees in the Hinckley and Bosworth area. Franchising gives you the opportunity to run your own business while benefitting from the support of an established brand. Explore our sectors and brands to find your best options among different franchising opportunities, keeping in mind your personal interests and career goals.
Hinckley and Bosworth has an estimated population of 112,000 people. The majority of residents are aged 40 to 59 years old. The area has a 3.7% unemployment rate, which is in line with the national average of 4%. Overall, the region's labour force consists of 60,800 people or 91.0% of the total population. The region's average gross annual income of £27,471 is slightly lower than the average income of close to £31,000 across the United Kingdom.
Why the Food industry appeals to franchisees
In the United Kingdom, there are 136 franchises recruiting in the Food sector. You will find a lot of interesting new business investment options, including three Natural Food franchises, three Weight Loss franchises, seven Vegan franchises, three Catering franchises and 23 Food and Beverage franchises. Have a look at the available brands to see if your perfect match is among them. In the Hinckley and Bosworth area, the Hospitality and Food Services industry provides work for 3,000 people.
Three brands worth your attention
Crêpeaffaire is an interesting business operating in the Food industry. This business requires a significant initial investment of £200,000. If you intend to get a loan to cover startup costs, you should anticipate adding a personal investment of 30 to 50% of the total investment as a general rule. The minimal personal investment to start a Crêpeaffaire business is £130,000. Due to the higher startup costs, this option is not recommended for first-time franchisees. You will also need to invest in a large premises to operate this business. Also, if you can't afford the startup costs on your own, you may qualify for financial support.
Another option worth considering is Wiltshire Farm Foods. This brand is developing, counting 80 locations across the UK. You may qualify for financial assistance. See eligibility details on our website.
Lastly, Cinnabon, open since 2004, is another interesting option. Franchisees benefit from this company's wide network, which operates across 1,300 franchise locations. Cinnabon has gained valuable experience in the sector in its 16 years since first opening.
The Food industry has many successful franchise businesses. We currently have 136 opportunities available in this sector. With 236 franchising opportunities to choose from across various sectors, you have a good chance of finding a brand that meets your needs on Point Franchise.
This page contains data collected from NOMIS and the ONS. This content was automatically generated by LabSense.