Food Franchise opportunities to start in Lowestoft
Starting a franchise business in Lowestoft
If you'd like to run your own business but don't know where to start, a franchise might just be the answer. Lowestoft, situated in the East of England, could be a good place to start as there are many businesses currently recruiting franchisees in the Suffolk area. Starting a business should be exciting! Have a look at our selection of franchising options, starting with the sectors that you feel most passionate about.
Suffolk has an estimated population of 759,000 people. The most prevalent age group in the population is over 60 years old. Approximately 350,800 people are economically active in the area, representing 80.2% of the population. The unemployment rate (2.4%) is very low compared to the UK average (4%). For the Suffolk area, the average salary is £29,129, which is in line with the national average income of £30,629.
Does the Food industry appeal to you?
There are 136 brands currently looking for franchisees in the Food industry. If this sector appeals to you, check them out. We have three Donut franchises, six Milkshake franchises, four Waffle franchises, three Weight Loss franchises and six Bakery franchises. Take a look at the brands to see if your perfect match is among them. If you want to operate 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
There are many interesting franchising opportunities in the Food sector. Take Creams Cafe for example, a business that was first established in 2010. By joining its current 55 franchisees, you would be joining a growing brand network. A large premises will be required to operate this business. If you choose to invest in this franchise, financial aid is available, providing you meet the eligibility criteria.
Baskin Robbins is an interesting investment opportunity in the Food sector. First established in 1945, Baskin Robbins has been operating for 75 years and has gained many loyal customers as a result. By joining its network of 150 franchisees, you would become a part of a strong business community. You will need an initial investment of £500,000 to start your own Baskin Robbins business. Due to the higher startup costs, this option is not advisable for first-time franchisees.
Lastly, Wafflemeister could be another good option for you to invest in. By joining its network of 24 franchisees, you could contribute to this brand's success. Opening a Wafflemeister business requires a significant initial investment of £150,000. At least £100,000 should come from your own personal investment. It is thus less appropriate for new investors. Financial assistance can be given in some circumstances. See our website for more information.
If you are considering opening a franchise business in the Food sector, you might be interested to browse our 136 available brands. If you're still torn between different sectors, no problem! Point Franchise offers almost 250 franchising opportunities across many different sectors. Enjoy exploring your options.
This page contains machine-generated content provided by LabSense, using data collected from NOMIS and the ONS.