Food Franchise opportunities to start in Cambridge
Opening a franchise business in Cambridge
Cambridge, located in the East of England, offers a variety of new business investment opportunities, especially if you like working for yourself but not on your own. Learn more about our franchising possibilities here. You might just find the right brand for starting your own business in the Cambridge area. There are a number of new business investment options available based on your budget and career objectives. Have a look to find the brand that appeals to you most.
The population of Cambridge is 126,000. When broken down by age group, 20-39 year olds represent the largest portion of the population. The labour force in Cambridge amounts to 69,400 people, with an unemployment rate of 1.4%. This rate is significantly lower than the national average. For the Cambridge area, the average income is £33,225, which is higher than the national average salary of just over £30,500.
Why the Food sector might be a good option for you
Across the United Kingdom, there are 136 franchises operating in the Food industry. Have a browse through our eight Ice Cream franchises, four Waffle franchises, three Wine franchises, six Bakery franchises and three Catering franchises to see if any suit your career goals and aspirations.
Three examples of available franchise business possibilities
Crêpeaffaire could be a great choice for you if you're planning to invest in the Food sector. The brand is developing, with 24 outlets already in operation, and a desire to expand further. Starting a Crêpeaffaire franchise will require you to invest a minimum of £200,000. At least £130,000 of this should come from your own personal investment. It is thus less appropriate for new investors. You will also need to invest in a large premises to operate this business. You could also benefit from financial assistance, if eligible.
Another brand worth considering is Dunkin' Donuts. First launched in 1970, the company has built strong customer loyalty over the past 50 years. With a significant network of 11,000 locations, the brand knows how to support its franchisees. A total of £3,000,000, a significant initial investment, is required to start a Dunkin' Donuts franchise. You might want to consider getting a loan to cover the startup costs, in which case at least £1,200,000 of the total investment should come from your personal funds. Due to the higher startup costs, this option is not recommended for first-time franchisees.
Lastly, you could also consider Wafflemeister. By joining its 24 franchises already in operation, you could contribute to this company's expansion. In order to open a Wafflemeister business, a significant initial investment of £150,000 is required. If you plan on getting a loan to cover the startup costs, you will typically need to cover 30 to 50% of the total investment yourself. Wafflemeister requires a personal investment of at least £100,000. It is thus less appropriate for new investors. You will also need to invest in a small premises to operate this business. If you can't cover the startup costs on your own, you may be eligible for financial aid. Visit our website for details.
There are currently 136 franchising opportunities available in the Food industry. On Point Franchise, there is plenty of choice in other sectors too. We have close to 250 new business investment opportunities in total to choose from.
This page contains machine-generated content provided by LabSense, using data collected from NOMIS and the ONS.