Food Franchise opportunities to start in Wokingham
Investing in Wokingham could be your next move
If you want to start your own business, you may find that Wokingham has a lot to offer. Many brands are currently recruiting franchisees in the Wokingham area. Read on to find out if running a franchise could be a good option for you! To begin, look for the line of work that appeals to you the most. This is a quick way to find the franchise best suited to you.
The population of Wokingham is 168,000. Residents aged 40 to 59 years old have the highest concentration in the population. Unemployment in the area (1.9%) is very low compared to the UK as a whole (4%). The labour force represents 82.7% of the local population, or 83,400 people. The local income averages £39,411 per year, which is significantly higher than the £30,629 average income in the United Kingdom as a whole.
Running a franchise in the Food sector
Across the UK, there are currently 136 opportunities to run your own franchise in the Food sector. With five Chocolate franchises, 15 Dessert franchises, three Catering franchises, 11 Sweets franchises and three Natural Food franchises, this sector has great potential for exciting investment opportunities. See if there's a brand to suit your goals and interests. If you're interested in the Hospitality and Food Services industry, you may want to consider how many people already work in the field. In Wokingham, Hospitality and Food Services companies currently employ 5,000 people.
Three franchise businesses worth reading about
Wafflemeister is an interesting franchise operating in the Food sector. The brand is developing, with 24 outlets currently in operation, and a desire to expand further. Opening a Wafflemeister business requires a significant initial investment of £150,000. If you intend to get a loan to cover the startup costs, Wafflemeister asks for a personal investment of at least £100,000. 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. A small premises will also be required to operate this business. Eligible candidates may apply for financial assistance.
Another option worth considering is Baskin Robbins, a brand that opened in 1945. Baskin Robbins, now a leader in the field, has gained 75 years of experience since first opening. By joining its network of 150 franchisees, you would become a part of a strong business community. You will need an initial investment of £500,000 to open your own Baskin Robbins business. Given these higher startup costs, this opportunity is less suitable for first-time franchisees.
Lastly, you could also have a look at Baguette Express, which has been running since 1999. The brand has gained valuable experience and expertise over the past 21 years. There are 38 locations open so far, and the network is expanding. A total of £60,000 is required to start a Baguette Express franchise. You might want to consider getting a loan to cover the startup costs, in which case at least £30,000 of the total investment should come from your personal funds. Due to the higher startup costs, this option is not advisable for first-time franchisees.
If you would like to take a look at more new business investment options in the Food sector, we currently have 136 available opportunities. At Point Franchise, we are proud to offer 236 franchise options across various sectors, helping you find the perfect investment opportunities for you.
This page contains machine-generated content provided by LabSense, using data collected from NOMIS and the ONS.