Food and Beverage Franchise opportunities to start in Taunton

Investing in a franchise in Taunton

If you'd like to open your own business but don't know where to start, a franchise might just be the answer. Taunton, situated in North West England, could be a good place to start as there are many brands currently recruiting franchisees in the Tameside area. To start off with, look for the line of work that appeals to you the most. This is a quick way to find the franchise best suited to you.

Recent figures show that 225,000 people live in Tameside. The majority of the population sits within the 40-59 age range. The region has a 4.1% unemployment rate, which is in line with the national average of 4%. Overall, the region's economically active population consists of 109,600 people or 78.2% of the total population. The annual salary in the United Kingdom is close to £31,000 on average. The people of Tameside earn an average annual salary of £24,496, lower than the country's average.

Why the Food and Beverage sector appeals to franchisees

There are 23 UK-based franchises available in the Food and Beverage sector. Bear in mind that the potential for exciting investment opportunities in the Food industry is not limited to the Food and Beverage sector. Other available investment opportunities include four Waffle franchises, three Smoothie franchises, three Wine franchises, 15 Dessert franchises and 11 Sweets franchises. See if there's one to suit your business goals. If you're interested in the Hospitality and Food Services industry, you may want to consider how many people already work in the field. In Tameside, Hospitality and Food Services businesses currently employ 4,000 people.

Three franchise business examples

The Food and Beverage sector has many franchise options available, such as Crêpeaffaire. There are 24 outlets open so far, and the network is expanding. To start your own Crêpeaffaire franchise, you will need to invest £200,000, of which at least £130,000 should be your own personal investment. You could get a loan to help cover the remaining startup costs. The higher startup costs make this an opportunity best suited for most established franchisees with greater access to financial resources. You will also need to invest in a large premises to operate this business. You could also receive financial aid, if eligible.

Another possibility to consider is Heavenly Desserts. By joining its current 21 franchisees, you would be joining a growing brand network. This business requires a significant initial investment of £190,000. 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 start a Heavenly Desserts business is £110,000. Given these higher startup costs, this is an opportunity best suited for most established franchisees with greater access to financial resources. Eligible candidates may apply for financial assistance.

As a final Food and Beverage franchise option, take a look at Wafflemeister. By joining its 24 franchises already in operation, you could contribute to this company's expansion. You will need an initial investment of £150,000 to open your own Wafflemeister business. Your personal investment should account for at least £100,000 of the total amount. You may want to consider getting a loan to open a business in this sector. 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 qualify for financial aid. See eligibility details on our website.

Opening a franchise in the Food and Beverage sector has great potential. If you're interested, have a look at our 23 available options. If you're still torn between different sectors, no problem! Point Franchise offers 236 franchising opportunities across a variety of sectors. Enjoy exploring your options.

Data on this page was provided by NOMIS and the ONS. This content was machine-generated in partnership with LabSense.