Food Franchise opportunities to start in Borehamwood

Investing in a franchise in Borehamwood

If you want to start your own business, you may find that Borehamwood has a lot to offer. Several companies are currently recruiting franchisees in the Hertsmere area. Read on to see if running a franchise could be a good option for you! Explore our extensive possibilities in order to find the right franchise for you, and you'll be one step closer to opening your own business.

According to recent census data, 104,000 people live in Hertsmere. The 40-59 age range is the most represented within the population. For the Hertsmere area, the average salary is £38,209, which is significantly higher than the national average income of £30,629.

Why the Food industry appeals to franchisees

Are you interested in the Food industry? If so, there are 136 available brands to choose from in the UK. We have 11 Sweets franchises, three Weight Loss franchises, 14 Drinks franchises, five Juice franchises and nine Healthy Food franchises. Have a look at the brands to find out if your perfect match is among them. Opening a business is not a simple feat, but becoming a franchisee makes managing your own business much more feasible. The Hertsmere region 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 4,000 people. So, what is stopping you from starting your own business in Hertsmere today?

Read about these three brands to see what franchise options exist

The Food industry offers a variety of brands to choose from, including Baskin Robbins. Launched in 1945, the brand's extensive experience, good reputation and wide exposure are valuable assets. The brand operates in 150 franchise locations which make up a well-established business community. To open your own Baskin Robbins business, you will need an initial investment of £500,000. The higher startup costs make this an opportunity best suited for most established franchisees with greater access to financial resources.

Another possibility to consider is Wafflemeister. There are 24 outlets open so far, and the network is expanding. Starting a Wafflemeister business requires a significant initial investment of £150,000. If you intend to get a loan to cover the startup costs, Wafflemeister asks for a personal investment of at least £100,000. For most franchises, this amount represents 30 to 50% of the total investment. Given these higher startup costs, this is an opportunity best suited for most established franchisees with greater access to financial resources. You will also need to invest in a small premises to operate this business. You may qualify for financial assistance.

Lastly, check out Snack Aid, another interesting Food franchise that launched in 2013. Starting a Snack Aid franchise will require you to invest a minimum of £4,259. At least £2,555 of this should come from your own personal investment. Given these low startup costs, this opportunity is suitable for both first-time investors and established franchisees. If you can't afford the startup costs on your own, you may be eligible for financial aid. Visit our website for more information.

The Food sector offers 136 franchising opportunities. Point Franchise currently has a total of 236 brands recruiting franchisees across a variety of sectors. Have a look to see which other sectors you might want to invest in.

This text was automatically generated in partnership with LabSense, using data collected from NOMIS and the ONS.