Food Franchise opportunities to start in Torquay
Starting a franchise business in Torquay
If you'd like to open your own business but don't know where to start, a franchise might just be the solution. Torquay, situated in the South West, could be a good place to start as there are many brands currently recruiting franchisees in the Torbay area. Start by looking for franchise opportunities in the line of work you are most interested in. This will most likely lead you to a brand that sparks your curiosity.
Torbay has a population of approximately 136,000 people. When broken down by age group, the majority of the population falls within the 60+ category. The local labour force consists of 59,400 people, or 78.1% of the total population. With an unemployment rate of 4.1%, recent data shows that employment in this area is in line with the rest of the UK. The average gross salary in the UK is just over £30,500. Residents of Torbay earn £23,343 a year on average.
Does the Food industry appeal to you?
There are 136 franchises in the Food sector to choose from. Take a look at our 11 Sweets franchises, three Donut franchises, five Chocolate franchises, six Bakery franchises and three Smoothie franchises. Could one of these businesses help you reach your career goals and aspirations? You may be interested to know that companies in the Torbay area currently employ 8,000 people in the Hospitality and Food Services industry.
Check out three available franchise options
If you are interested in running a business in the Food sector, read about Cinnabon, a brand operating since 2004. The company is now mature and a leader within the sector, having developed its franchise community for 16 years. The brand has expanded over time and now operates in 1,300 different locations.
CAVAVIN is another interesting brand operating in the Food industry. In order to start a CAVAVIN business, a substantial initial investment of £100,000 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. CAVAVIN asks for a personal investment of at least £40,000. Given these higher startup costs, this opportunity is less suitable for first-time franchisees. A large premises will also be required to operate this business. Also, if you can't afford the startup costs on your own, you may qualify for financial assistance. Visit our website for details.
Lastly, Baskin Robbins could be another good option for you to invest in. Initially established in 1945, Baskin Robbins has grown a dedicated following since opening 75 years ago. The brand's network is vast, counting 150 outlets in the United Kingdom. To open your own Baskin Robbins business, you will need an initial investment of £500,000. Given these higher startup costs, this opportunity is less suitable for first-time franchisees.
There are currently 136 new business investment opportunities available in the Food industry. On Point Franchise, there is plenty of choice in other sectors too. We have almost 250 franchising opportunities in total to choose from.
This page contains data provided by NOMIS and the ONS. This content was automatically generated by LabSense.