Food Franchise opportunities to start in Chatham
Investing in a franchise in Chatham
Franchising is a great way to start your own business, while benefitting from the comprehensive support of an established brand. Have a look at our range of brands in Chatham, located in the Medway area in the South East of England, where many businesses are currently recruiting. Explore our extensive possibilities in order to find the right franchise for you, and you'll be one step closer to starting your own business.
According to recent census data, 278,000 people live in Medway. The majority of the population falls within the 20-39 age range. In terms of employment, the region has a labour force of 142,200 people (80.7%), of which the unemployment rate is 3.5%. This figure is lower than the average unemployment rate in the United Kingdom. Salaries in Medway average £30,459 a year, while in the United Kingdom the average income is just over £30,500.
Why the Food industry appeals to franchisees
Across the United Kingdom, there are 136 franchises operating in the Food industry. You can pick an investment opportunity from three Catering franchises, four Waffle franchises, five Juice franchises, six Milkshake franchises and 15 Dessert franchises. Let our selection of brands be your guide to starting your next exciting investment opportunity. In Medway, the Hospitality and Food Services industry already provides employment for nearly 6,000 people, potentially making this path an ideal one for you, too!
Take a look at these three business examples
If the Food industry is your area of interest, Heavenly Desserts is worth looking at. By joining its current 21 franchisees, you would become a part of a growing brand network. This business requires a substantial initial investment of £190,000. If you plan on getting a loan to cover startup costs, you should anticipate adding a personal investment of 30 to 50% of the total investment as a general rule. The minimal personal investment to open a Heavenly Desserts business is £110,000. The higher startup costs make this an opportunity best suited for most established franchisees with greater access to financial resources. By investing in this established brand, you could be eligible for financial aid.
Check out Dunkin' Donuts. Launched in 1970, Dunkin' Donuts has acquired many loyal customers over the past 50 years. Franchisees benefit from this brand's wide network, which operates across 11,000 franchise locations. This business opportunity requires a substantial initial investment of £3,000,000. 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. Dunkin' Donuts requires a minimum personal investment of £1,200,000. It is thus less appropriate for new investors. When investing in this franchise, you could qualify for financial assistance. See our website for more information.
Finally, take a look at Cinnabon, another interesting Food franchise that launched in 2004. The company now has 16 years of experience, making it a leader in the field. It is now firmly rooted in the market, counting 1,300 franchise locations.
There are 136 franchises waiting to be discovered in the Food industry. But you also have plenty of investment options in other sectors as well, including more than 232 franchising opportunities available on Point Franchise.
This page contains machine-generated content provided by LabSense, using data collected from NOMIS and the ONS.