Food Franchise opportunities to start in Yeovil
What to consider when starting a business in Yeovil
If you want to open a business in Yeovil, working for yourself but not on your own, then check out our franchising options in South West England. On this page, you will find a range of brands to choose from for becoming a franchisee in the South Somerset area and across the UK. We offer a number of realistic new business investment opportunities, so that you can find one you like.
The population of South Somerset is made up of 168,000 residents. The majority of the population sits within the 60+ age category. The area has a labour force of 77,600 people, or 82.1% of the total population. The unemployment rate (1.9%) is very low compared to the rest of the United Kingdom. In the UK, the average gross income is close to £31,000; in the South Somerset area, it is £24,883.
Why choose to open a franchise in the Food sector?
There are 136 brands offering franchise options in the Food industry. In fact, you can pick from three Catering franchises, three Smoothie franchises, five Chocolate franchises, three Donut franchises and five Tea franchises today. If you're interested in the Hospitality and Food Services industry, you're not alone. In South Somerset, 5,000 people currently work in the field.
Three franchise business examples
The Food industry has many franchise opportunities available, such as Wafflemeister. By joining its network of 24 franchisee, you could play a part in this brand's success. A total of £150,000, a substantial initial investment, is required to start a Wafflemeister franchise. You might want to consider getting a loan to cover the startup costs, in which case at least £100,000 of the total investment should come from your personal funds. It is thus less appropriate for new investors. You will also need to invest in a small premises to operate this business. An investment in this franchise entitles you to financial assistance, if eligible.
You could also have a look at LighterLife, which has been operating since 1992. LighterLife has proved itself to be a successful business and leader in the sector in its 28 years since opening. There are 50 location open so far, and the network is expanding. To open your own LighterLife business, you will need an initial investment of £1,000. These low startup costs make it a good option to pursue for first-time franchisees.
CAVAVIN is a third interesting franchising opportunity in the Food industry. The brand benefits from a strong network and good visibility, operating in 160 franchise outlets. Starting a CAVAVIN business requires a significant initial investment of £100,000. If you plan on getting a loan to cover the startup costs, CAVAVIN asks for a personal investment of at least £40,000. For most franchises, this amount represents 30 to 50% of the total investment. 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 qualify for financial aid. Visit our website for more information.
The Food industry offers many interesting investment opportunities, including our 136 franchise options. If you are still not sure which sector best suits your needs, have a look through our selection of 236 new business investment opportunities across a variety of sectors on Point Franchise.
This text was automatically generated in partnership with LabSense, using data provided by NOMIS and the ONS.