Food Franchise opportunities to start in Grays
What to know before starting a franchise in Grays
You could open your own business by becoming a franchisee in Grays. Thurrock, located in the East of England, offers a variety of new business investment possibilities. On this page, you'll find a selection of brands looking for franchisees. Why not have a look through our range of franchising options? There are opportunities to suit many needs and career goals.
According to recent census data, there are 173,000 people living in Thurrock. The most represented age group is 0-19 years of age. The local unemployment rate of 5.5% among 89,300 economically active people, or 81.5% of the population, is slightly higher than the average in the UK. Residents of Thurrock have an annual average income of £30,610. In comparison, the average gross salary in the UK is close to £31,000.
Running a franchise in the Food industry
If the idea of running a business in the Food sector appeals to you, check out the 136 brands currently recruiting franchisees in the field. Among the business opportunities in this sector, there are three Natural Food franchises, three Smoothie franchises, nine Healthy Food franchises, five Tea franchises and 23 Food and Beverage franchises. The perfect business to suit your career goals and aspirations might just be among them. If you would like to work in the Hospitality and Food Services industry, you may be interested to know that, in the Thurrock area, 4,500 people currently work in the industry.
Three franchises that could interest you
There are many interesting franchising options in the Food industry. Take Heavenly Desserts for example. This brand is growing, counting 21 locations across the United Kingdom. This business opportunity requires a substantial initial investment of £190,000. You could get a loan to help cover startup costs, in which case your personal investment will usually need to cover 30 to 50% of the total investment. Heavenly Desserts requires a minimum personal investment of £110,000. Given these higher startup costs, this opportunity is less suitable for first-time franchisees. An investment in this franchise entitles you to financial aid, if eligible.
Baguette Express could be another good option for you to invest in. In business since 1999, Baguette Express has gained valuable experience in the field in its 21 years since first opening. By joining its current 38 franchisees, you would become a part of a growing brand network. You will need an initial investment of £60,000 to open your own Baguette Express business. Your personal investment should account for at least £30,000 of the total amount. You may want to think about getting a loan to start a business in this sector. It is thus less appropriate for new investors. If you choose to invest in this franchise, financial assistance is available, providing you meet the eligibility criteria. See eligibility details on our website.
As a final example, take a look at Cinnabon. First established in 2004, Cinnabon has proved itself to be a successful business and leader in the field in its 16 years since opening. A network of 1,300 franchisees promotes the brand's exposure.
Opening a franchise in the Food sector has great potential. If you're interested, have a look at our 136 available opportunities. At Point Franchise, we are proud to offer close to 250 franchise options across different sectors, helping you find the perfect investment opportunities for you.
This text was automatically generated in partnership with LabSense, using data collected from NOMIS and the ONS.