Food and Beverage Franchise opportunities to start in Telford
Thinking about living and working in Telford?
Located in the West Midlands, Telford is an area with business opportunities on the rise. If working as your own boss with a team behind you sounds appealing, check out our franchising opportunities in Telford and Wrekin and take the first step towards managing your own business. By browsing the sectors that appeal to you the most, you will find the franchises that best suit your interests and career goals.
The population of Telford and Wrekin is 178,000. When broken down by age range, 40-59 year olds represent the largest portion of the population. The local labour force consists of 88,300 people, or 80.4% of the total population. With an unemployment rate of 4.5%, recent data indicates that employment in this area is slightly higher than in the rest of the UK. Residents in the area earn £25,758 per year on average. This income is slightly lower than the national average gross income, which reaches close to £31,000.
The Food and Beverage sector and its franchising options
If you would like to operate a Food and Beverage franchise, you are likely to find one that interests you among 23 available across the United Kingdom. The Food and Beverage sector is just one example of the options available in the Food industry. Other opportunities include seven Vegan franchises, four Waffle franchises, three Weight Loss franchises, 15 Dessert franchises and 14 Drinks franchises. Have a browse, the perfect investment opportunity for you could be a few clicks away. In Telford and Wrekin, the Hospitality and Food Services industry already provides work for nearly 4,000 people, potentially making this path an ideal one for you, too!
Three franchise business examples
Wafflemeister is a competitive franchise operating in the Food and Beverage sector. This brand is growing, counting 24 locations across the UK. 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. Given these higher startup costs, this is an opportunity best suited for most established franchisees with greater access to financial resources. You will also need to invest in a small premises to operate this business. When investing in this franchise, you could be eligible for financial assistance.
Take a look at Crêpeaffaire. By joining its network of 24 franchisees, you could contribute to this brand's success. Starting a Crêpeaffaire franchise will require you to invest a minimum of £200,000. At least £130,000 of this should come from your own personal investment. Due to the higher startup costs, this option is not advisable for first-time franchisees. A large premises will also be required to operate this business. If you can't afford the startup costs on your own, you may qualify for financial aid.
Finally, if the Food and Beverage sector appeals to you, Heavenly Desserts is another option you could have a look at. By joining its current 21 franchisees, you would be joining a growing brand network. To start your business, you will need an initial investment of £190,000. If you plan on getting a loan to cover the costs of opening a franchise, a personal investment of 30 to 50% of the total amount will typically be required. For Heavenly Desserts, the minimum personal investment is £110,000. Given these higher startup costs, this opportunity is less suitable for first-time franchisees. If you can't cover the startup costs on your own, you could see if you qualify for financial aid. See eligibility details on our website.
The Food and Beverage sector offers 23 franchising options. If you're still torn between different sectors, no problem! Point Franchise offers close to 250 franchising opportunities across many different sectors. Enjoy exploring your options.
Data on this page was collected from NOMIS and the ONS. This content was machine-generated in partnership with LabSense.