Food Franchise opportunities to start in Scarborough
Investing in Scarborough could be your next move
Many brands are currently recruiting franchisees in Scarborough, located in Yorkshire and the Humber. By becoming a franchisee, you could run your own business while receiving comprehensive training and marketing assistance. Keep reading to explore the options in the Scarborough area. Browsing our range of brands and sectors will allow you to pinpoint the type of business that is right for you.
The Scarborough area has a population of 109,000 people. The majority of the population sits within the 60+ age range. The 2.6% unemployment rate among the 49,600 economically active people in the area is significantly lower than the national average. The annual salary in the UK is just over £30,500 on average. The people of Scarborough earn an average annual salary of £22,858, lower than the country's average.
The Food sector could be the right choice for you
There are 136 UK-based franchises available in the Food sector. We offer three Catering franchises, nine Healthy Food franchises, six Milkshake franchises, three Donut franchises and seven Vegan franchises. Have a look at the brands to see if your perfect match is among them. In Scarborough, there are currently 8,000 people working in the Hospitality and Food Services industry, so you would become a part of an established business network.
Here are three examples of franchise businesses
The Food sector offers a variety of brands to choose from, including Crêpeaffaire. The brand is developing, with 24 locations already in operation, and a desire to expand further. To start your business, you will need an initial investment of £200,000. If you plan on getting a loan to cover the costs of opening a franchise, a personal investment of 30 to 50% of the total amount will generally be required. For Crêpeaffaire, the minimum personal investment is £130,000. Given these higher startup costs, this opportunity is less suitable for first-time franchisees. You will also need to invest in a large premises to operate this business. Also, if you can't afford the startup costs on your own, you may qualify for financial support.
Shakeaway is another successful business operating in the Food industry. This brand is growing, counting 40 outlets across the UK. A significant initial investment of £100,000 will enable you to open your own Shakeaway business. In most cases, your personal investment should represent 30 to 50% of the total amount. Shakeaway requires you to personally invest at least £40,000. You could potentially apply for a loan to cover the remaining costs. It is thus less appropriate for new investors. Financial aid can be given in some circumstances.
Lastly, another option to consider is CAVAVIN. The brand's network is made up of 160 franchisees, which promote its visibility. To start your own CAVAVIN franchise, you will need to invest £100,000, of which at least £40,000 should be your own personal investment. You could get a loan to help cover the remaining startup costs. Given these higher startup costs, this opportunity is less suitable for first-time franchisees. A large premises will also be required to operate this business. If you can't afford the startup costs on your own, you may be eligible for financial aid. See our website for details.
There are currently 136 new business investment opportunities available in the Food industry. If you're still torn between different sectors, no problem! Point Franchise offers almost 250 franchising opportunities across a variety of sectors. Enjoy exploring your options.
This text was automatically generated in partnership with LabSense, using data collected from NOMIS and the ONS.