Food Franchise opportunities to start in Norwich
Norwich is waiting for you to open a franchise business
If you're interested in running your own business in Norwich, located in the East of England, you should look at franchising options. Several companies are currently recruiting in the Norwich area. As a franchisee you could run your own business while benefitting from comprehensive support. Keep reading to find out if this could be for you. We offer franchise investment opportunities in a variety of sectors. Why not explore the sector that appeals to you the most?
There are 141,000 people living in the Norwich region. Residents aged 20 to 39 years old are the most represented in the population. The community has a 7.6% unemployment rate, which is slightly higher than the national average of 4%. Overall, the region's labour force consists of 73,400 people or 78.3% of the total population. Norwich has an average annual income of £26,353. This salary is slightly lower than the rest of the UK, which has an average salary of £30,629.
The Food industry: An interesting opportunity for franchisees
In the United Kingdom, you will find 136 franchises recruiting in the Food sector. In fact, you can pick from five Tea franchises, five Juice franchises, seven Vegan franchises, three Wine franchises and three Catering franchises today. In Norwich, there are currently 6,000 people working in the Hospitality and Food Services industry, so you would be joining an established business network.
Three brands worth your attention
If you plan to invest in the Food industry, Crêpeaffaire could be a good option. There are 24 locations open so far, and the network is expanding. You will need to invest £200,000 to start your own Crêpeaffaire business. At least £130,000 of this substantial amount should come from your own personal investment. Due to the higher startup costs, this option is not advisable for first-time franchisees. 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.
Another brand worth considering is CAVAVIN. The brand has a well-established network and good exposure, operating in 160 franchise outlets. To open your own CAVAVIN franchise, you will need to invest £100,000, of which at least £40,000 should be your own personal investment. You could get a loan to help cover the remaining startup costs. Due to the higher startup costs, this option is not advisable for first-time franchisees. You will also need to invest in a large premises to operate this business. If eligible, you might be able to benefit from financial assistance.
Lastly, check out Snack Aid, another competitive Food franchise that launched in 2013. This business opportunity requires a reasonable initial investment of £4,259. You could get a loan to help cover startup costs, in which case your personal investment will typically need to cover 30 to 50% of the total investment. Snack Aid requires a minimum personal investment of £2,555. Given these low startup costs, this option could be suitable for first-time franchisees. When investing in this franchise, you could be eligible for financial aid. Visit our website for more information.
The Food industry offers 136 franchising options. Point Franchise currently has a total of 236 brands recruiting franchisees across a range of sectors. Have a browse to see which other sectors you might want to invest in.
NOMIS and the ONS provided the data shown on this page. This text was automatically generated by LabSense.