Food Franchise opportunities to start in Margate
What to know before starting a business in Margate
Would you like to run your own business? Margate, located in South East England, could be a good place to start. There are many brands currently recruiting franchisees in the Thanet area. Franchising gives you the opportunity to manage your own business while benefitting from the support of an established brand. To start off with, look for the line of work that interests you the most. This is a quick way to find the franchise best suited to you.
An estimated 142,000 people currently live in Thanet. Residents aged over 60 years old have the highest concentration within the population. The 3.8% unemployment rate among the 60,400 economically active people in the area is in line with the national average. Thanet has an average annual income of £24,959. This salary is slightly lower than the rest of the United Kingdom, which has an average salary of close to £31,000.
What the Food sector could offer you
There are 136 UK-based franchises available in the Food sector. There are three Wine franchises, three Catering franchises, three Weight Loss franchises, six Milkshake franchises and 15 Dessert franchises recruiting at this time. Our selection is likely to have an option that suits your career goals and aspirations. Moreover, the number of people currently employed in a specific industry gives an indication of how dynamic it is. In the Thanet area, 4,000 people are employed by Hospitality and Food Services companies.
Three franchise business examples worth looking at
If you are interested in running a business in the Food sector, read about Baguette Express, a brand operating since 1999. Baguette Express has proved itself to be a successful business and leader in the field in its 21 years since opening. By joining its current 38 franchisees, you would become a part of a growing brand network. This business requires an initial investment of £60,000. If you intend to get 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 Baguette Express business is £30,000. Due to the higher startup costs, this option is not recommended for first-time franchisees. By investing in this franchise, you may be eligible for financial support.
If the Food sector appeals to you, Creams Cafe is another option you could consider. Initially established in 2010, this brand is growing, counting 55 locations across the United Kingdom. A large premises will be required to operate this business. If you can't afford the startup costs on your own, you may qualify for financial assistance.
Lastly, Wafflemeister is another interesting option. There are 24 outlets open so far, and the network is expanding. You will need to invest £150,000 to open your own Wafflemeister business. At least £100,000 of this significant amount should come from your own personal investment. The higher startup costs make this an opportunity best suited for most established franchisees with greater access to financial resources. A small premises will also be required to operate this business. An investment in this franchise entitles you to financial aid, if eligible. See eligibility details on our website.
If you would like to know more about franchise opportunities in the Food industry, have a look through our 136 available options. Don't forget that we offer new business investment ranges across a variety of sectors on Point Franchise. If you're still looking for the perfect match, just explore our opportunity of almost 250 franchising possibilities.
This page contains machine-generated content provided by LabSense, using data collected from NOMIS and the ONS.