Food Franchise opportunities to start in Portsmouth
Portsmouth: A great location to start a business
Franchising is a great way to start your own business, while benefitting from the comprehensive support of an established brand. Check out our selection of brands in Portsmouth, located in the Portsmouth area in South East England, where many businesses are currently recruiting. Why not have a browse through our range of franchising options? There are opportunities to suit various needs and career goals.
Portsmouth has an estimated population of 215,000 residents. Residents in the 20-39 age category make up the largest portion of the population. The local unemployment rate of 4.1% is comparable to the national average of 4%. The local labour force consists of 106,700 people, making up 73.9% of the population. The average gross income in the UK is £30,629. Residents of Portsmouth earn £25,913 a year on average.
The Food sector: An interesting opportunity for franchisees
There are currently 136 opportunities to invest in the Food industry. If you would like to operate a business in this field, keep reading. With five Tea franchises, 14 Drinks franchises, five Juice franchises, six Bakery franchises and three Wine franchises, this sector has great potential for exciting business ventures. See if there's a brand to suit your goals and interests. Many companies in Portsmouth already work in the Hospitality and Food Services industry, which employs 9,000 people. You would become a part of a well-established business community.
Three franchise businesses worth reading about
There are many interesting franchising possibilities in the Food industry. Take Snack Aid for example, a business that was first established in 2013. In order to start a Snack Aid business, an affordable initial investment of £4,259 is required. If you plan on getting a loan to cover the startup costs, you will generally need to cover 30 to 50% of the total investment yourself. Snack Aid asks for a personal investment of at least £2,555. Given these low startup costs, this option could be suitable for first-time franchisees. By investing in this established brand, you could qualify for financial aid.
Wiltshire Farm Foods is an interesting franchise option in the Food industry. By joining its network of 80 franchisees, you could play a part in this brand's success. If you can't afford the startup costs on your own, you could see if you qualify for financial assistance.
The Food industry has many brands worth considering. As a final example, have a look at Baguette Express. In business since 1999, the brand is now mature and a leader within the sector, having grown its franchise community for 21 years. There are 38 outlets open so far, and the network is expanding. Opening a Baguette Express business requires an initial investment of £60,000. If you plan on getting a loan to cover the startup costs, Baguette Express asks for a personal investment of at least £30,000. For most franchises, this amount represents 30 to 50% of the total investment. The higher startup costs make this an opportunity best suited for most established franchisees with greater access to financial resources.
There are 136 franchises waiting to be discovered in the Food industry. Point Franchise offers a total of close to 250 franchising opportunities across many different sectors. So, if you're still looking 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 provided by NOMIS and the ONS.