Food Franchise opportunities to start in Colchester
What to consider when starting a franchise in Colchester
If you want to open your own business, you may find that Colchester has a lot to offer. Several brands are currently looking for franchisees in the Colchester area. Keep reading to see if running a franchise could be a good option for you! We offer franchise investment options in a variety of sectors. Why not explore the sector that appeals to you the most?
Colchester has an estimated population of 193,000 people. The most prevalent age group in the population falls in the 20-39 age bracket. The community has a 3.6% unemployment rate, which is lower than the national average of 4%. There are 93,800 economically active people in the region, representing 75.6% of the total population. Salaries in Colchester average £33,390 a year, while in the UK the average income is close to £31,000.
Could the Food sector be the right choice for you?
There are 136 brands offering franchise opportunities in the Food industry. In fact, you can pick from five Juice franchises, four Waffle franchises, 15 Dessert franchises, three Natural Food franchises and three Donut franchises today. Opening a business is not a simple feat, but becoming a franchisee makes managing your own business much more feasible. The Colchester area offers plenty of opportunities for starting a new and exciting business venture of your own. The Hospitality and Food Services industry is a busy one in the region, already employing 6,000 people. So, what is stopping you from opening your own business in Colchester today?
Check out three available franchise options
The Food sector has many franchise opportunities available, such as Cinnabon, which opened in 2004. The company is now mature and a leader within the sector, having expanded its franchise network for 16 years. The brand has grown over time and now runs in 1,300 different locations.
Another option to consider is Heavenly Desserts. There are 21 outlets open so far, and the network is expanding. You will need an initial investment of £190,000 to start your own Heavenly Desserts business. Your personal investment should account for at least £110,000 of the total amount. You may want to consider getting a loan to start a business in this sector. Due to the higher startup costs, this option is not recommended for first-time franchisees. If you can't afford the startup costs on your own, you may qualify for financial aid. See eligibility details on our website.
Lastly, Bagel Corner is another competitive brand operating in the Food industry. A small premises will be required to operate this business.
The Food sector offers 136 franchising opportunities. Point Franchise currently has a total of almost 250 brands recruiting franchisees across a variety of sectors. Have a browse to see which other sectors you might want to invest in.
This page contains data collected from NOMIS and the ONS. This content was automatically generated by LabSense.