Food and Beverage Franchise opportunities to start in Tynemouth

Opening a franchise business in Tynemouth

Franchising is a great way to start your own business, while benefitting from the comprehensive support of an established brand. Check out our selection of brands in Tynemouth, located in the North Tyneside area in the North East of England, where many companies are currently recruiting. Start by looking for franchise opportunities in the line of work you are most interested in. This will most likely lead you to a brand that sparks your curiosity.

The North Tyneside area has a population of 206,000 people. The most represented age group is 40-59 years of age. The local labour force includes 102,600 people, or 80.4% of the total population. With an unemployment rate of 3%, recent data shows that employment in this area is lower than in the rest of the United Kingdom. North Tyneside has an average annual salary of £27,665. This salary is slightly lower than the rest of the UK, which has an average income of £30,629.

Running a franchise in the Food and Beverage sector

There are 23 UK-based franchises available in the Food and Beverage sector. The Food and Beverage sector is just one sector among many in the Food sector. Its six Bakery franchises, five Juice franchises, seven Vegan franchises, three Donut franchises and six Milkshake franchises are also worth considering. Let our selection of brands be your guide to starting your next exciting business opportunity. Hospitality and Food Services is a well-established industry, providing employment for 6,000 people in North Tyneside alone.

Here are three examples of franchise businesses

If you plan to invest in a Food and Beverage business, you could consider Heavenly Desserts. This brand is growing, counting 21 locations in the United Kingdom. You will need to invest £190,000 to begin operating your own Heavenly Desserts business, which is a substantial initial investment. Your personal investment should account for at least £110,000 of the total amount. Due to the higher startup costs, this option is not recommended for first-time franchisees. By investing in this franchise, you may qualify for financial support.

Bagel Corner could be another good option for you to invest in. By joining its 30 franchises already in operation, you could contribute to this brand's expansion.

Lastly, take a look at Crêpeaffaire, another competitive Food and Beverage franchise. By joining its current 24 franchisees, you would become a part of a growing brand network. A total of £200,000, a substantial initial investment, is required to open a Crêpeaffaire franchise. You might want to consider getting a loan to cover the startup costs, in which case at least £130,000 of the total investment should come from your personal funds. Due to the higher startup costs, this option is not advisable for first-time franchisees. A large premises will also be required to operate this business. If eligible, you might be entitled to financial aid. Visit our website for details.

If you would like to know more about franchise opportunities in the Food and Beverage sector, have a browse through our 23 available options. Point Franchise currently has a total of close to 250 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.