Food Franchise opportunities to start in Haverhill

Haverhill and its prospects for new Businesses

The Suffolk area offers many interesting business opportunities. If you are interested in opening your own business, you should consider franchising. This would allow you to work for yourself while benefiting from the support of an established brand. Have a look on this page to discover the franchise options available to you in Haverhill. We offer a range of realistic new business investment options, so that you can find one you like.

Recent figures show that Suffolk has a population of 759,000 residents. The 60+ age group makes up the majority of the population. The local unemployment rate of 2.4% is very low compared to the UK average of 4%. The local labour force consists of 350,800 people, making up 80.2% of the population. The local income averages £29,129 per year, which is in line with the close to £31,000 average income in the UK as a whole.

The Food sector: An interesting opportunity for franchisees

Across the UK, there are 136 franchises in the Food industry. This sector offers a number of interesting options, including six Milkshake franchises, three Catering franchises, four Waffle franchises, eight Ice Cream franchises and five Tea franchises. See if any catch your eye. If you would like to run a business in the Hospitality and Food Services industry, it could be useful to know that companies in the field currently employ 24,000 people in the Suffolk area.

Three brands worth your attention

If working in the Food industry appeals to you, have a look at LighterLife. First established in 1992, the brand has acquired valuable experience and expertise over the past 28 years. By joining its current 50 franchisees, you would become a part of a growing brand network. Initially, you would need to invest £1,000 to get your own LighterLife business up and running. Whether you're an established franchisee or a first-time investor, the low startup costs mean that this could be a good option for you.

Take a look at Snack Aid, another competitive Food franchise that launched in 2013. You will need to invest £4,259 to begin operating your own Snack Aid business, which is an affordable initial investment. Your personal investment should account for at least £2,555 of the total amount. These low startup costs make it a good option to pursue for first-time franchisees. By investing in this franchise, you may be eligible for financial support.

Finally, another possibility to consider is Baguette Express. The brand has been in business since 1999. The company now has 21 years of experience, making it a leader in the sector. This brand is growing, counting 38 locations across the United Kingdom. An initial investment of £60,000 will enable you to start your own Baguette Express business. In most cases, your personal investment should represent 30 to 50% of the total amount. Baguette Express requires you to personally invest at least £30,000. You could potentially apply for a loan to cover the remaining costs. Given these higher startup costs, this opportunity is less suitable for first-time franchisees. You may qualify for financial aid. See our website for details.

We offer a total of 136 businesses in the Food industry. If you're interested, see if the right franchising opportunity for you is among them. Don't forget that we offer new business investment selections across a variety of sectors on Point Franchise. If you're still looking for the perfect match, just explore our opportunity of close to 250 franchising options.

Data on this page was provided by NOMIS and the ONS. This content was machine-generated in partnership with LabSense.