Food Franchise opportunities to start in Letchworth
Letchworth is an attractive town to invest in
Located in the East of England, Letchworth is an area with business opportunities on the rise. If working as your own boss with a team behind you sounds appealing, take a look at our franchising options in North Hertfordshire and take the first step towards managing your own business. We offer a variety of realistic new business investment opportunities, so that you can find one you like.
The population of North Hertfordshire is made up of 133,000 residents. The population's most prevalent age group is made up of 40-59 year olds. The area has 68,400 economically active people, representing 83.9% of the population, with an unemployment rate of 3.7%. This rate is in line with the country's 4% national average. With an average gross annual income of £35,383, salaries in North Hertfordshire are higher than the average salary of just over £30,500 across the UK.
Why the Food sector might be a good option for you
In the United Kingdom, there are 136 franchises recruiting in the Food sector. There are four Waffle franchises, eight Ice Cream franchises, three Natural Food franchises, five Chocolate franchises and 23 Food and Beverage franchises recruiting at this time. Our range is likely to have an option that suits your career goals and aspirations. You may be interested to know that businesses in the North Hertfordshire area currently employ 4,000 people in the Hospitality and Food Services industry.
Eager to know more? Here are three franchise business examples
If you'd like to open your own Food business, Heavenly Desserts might be a great option for you. There are 21 outlets open so far, and the network is expanding. To start your business, you will need an initial investment of £190,000. If you plan on getting a loan to cover the costs of opening a franchise, a personal investment of 30 to 50% of the total amount will usually be required. For Heavenly Desserts, the minimum personal investment is £110,000. The higher startup costs make this an opportunity best suited for most established franchisees with greater access to financial resources. If you can't cover the startup costs on your own, you could find out if you qualify for financial aid.
LighterLife is an interesting franchising opportunity in the Food industry. In business since 1992, LighterLife has gained valuable experience in the sector in its 28 years since first opening. This brand is developing, counting 50 locations across the United Kingdom. Opening a LighterLife business requires an initial investment of £1,000. These relatively low startup costs make it a good option to pursue for first-time franchisees.
Lastly, check out Baguette Express, another interesting Food franchise that launched in 1999. The brand is now mature and a leader within the sector, having grown its franchise network for 21 years. By joining its network of 38 franchisees, you could play a part in this brand's success. Starting a Baguette Express franchise will require you to invest a minimum of £60,000. At least £30,000 of this should come from your own personal investment. Given these higher startup costs, this opportunity is less suitable for first-time franchisees. You could also receive financial assistance, if eligible. Visit our website for details.
If working in the Food sector appeals to you, have a look at our 136 available franchising options in the sector. If you're curious about franchising options in other sectors, Point Franchise has 236 brands to pick from.
This page contains data provided by NOMIS and the ONS. This content was automatically generated by LabSense.