Food and Beverage Franchise opportunities to start in Lancaster
Starting a new business in Lancaster
Would you like to run your own business? Lancaster, located in North West England, could be a good place to start. There are many brands currently recruiting franchisees in the Lancaster area. Franchising gives you the opportunity to manage your own business while benefitting from the support of an established brand. Check out our different franchising opportunities to find the sectors and brands that most appeal to you.
There are approximately 144,000 people currently living in Lancaster. The 20-39 age range is the most represented within the population. Unemployment affects 4% of the UK population. With a rate of 4.7%, unemployment in this area is slightly higher than the national average. The economically active population amounts to 62,900 people, representing 69.5% of the population. The UK's annual average salary is just over £30,500. Salaries in Lancaster are slightly lower in comparison, averaging £27,639 a year.
Why the Food and Beverage sector might be a good option for you
If you would like to run a Food and Beverage franchise, you are likely to find one that appeals to you among 23 available across the United Kingdom. Numerous brands offer franchise options in other sectors within the Food sector. For instance, there are three Donut franchises, 15 Dessert franchises, three Weight Loss franchises, seven Vegan franchises and 14 Drinks franchises. You'll find opportunities to suit all kinds of career goals and aspirations. The Hospitality and Food Services industry provides employment for many people. In Lancaster, companies currently employ 4,500 people in the sector.
Three examples of available franchise business possibilities
Bagel Corner operates in the Food and Beverage sector. By joining its network of 30 franchisees, you could contribute to this brand's success. A small premises will be required to operate this business.
Baguette Express is another interesting brand operating in the Food and Beverage sector. The first franchise launched in 1999. Baguette Express has acquired valuable experience in the field in its 21 years since first opening. A total of £60,000 is required to start a Baguette Express franchise. You might want to consider getting a loan to cover the startup costs, in which case at least £30,000 of the total investment should come from your personal funds. It is thus less appropriate for new investors. If you can't afford the startup costs on your own, you may qualify for financial aid.
Lastly, Wafflemeister is another interesting investment opportunity if you plan to invest in the Food and Beverage sector. The brand is expanding, with 24 locations already in operation, and a desire to expand further. Starting a Wafflemeister franchise will require you to invest a minimum of £150,000. At least £100,000 of this should come from your own personal investment. Due to the higher startup costs, this option is not advisable for first-time franchisees. You will also need to invest in a small premises to operate this business. By investing in this established brand, you could be eligible for financial assistance. See our website for details.
If you are interested in the Food and Beverage sector and would like to know more about its available franchising opportunities, explore the 23 businesses currently recruiting franchisees in the sector. If this sector doesn't suit your needs, don't worry. Point Franchise offers almost 250 franchise options across a variety of sectors to help you find your perfect investment opportunity.
This page contains data provided by NOMIS and the ONS. This content was automatically generated by LabSense.