Food and Beverage Franchise opportunities to start in Newark-on-Trent
Starting a franchise business in Newark-on-Trent
Newark-on-Trent, located in the East Midlands, offers a number of new business investment opportunities, especially if you like working for yourself but not on your own. Learn more about our franchising possibilities here. You might just find the right brand for starting your own business in the Newark and Sherwood area. We offer a number of realistic new business investment options, so that you can find one you like.
According to recent census data, there are 122,000 people in Newark and Sherwood. The population's most prevalent age group is made up of 60+ year olds. The labour force in Newark and Sherwood amounts to 57,000 people, with an unemployment rate of 6%. This rate is slightly higher than the national average. Residents of Newark and Sherwood have an annual average income of £28,564. In comparison, the average gross salary in the UK is close to £31,000.
Running a franchise in the Food and Beverage sector
There are currently 23 opportunities to invest in the Food and Beverage sector. If you would like to run a business in this field, keep reading. Multiple brands offer franchise opportunities in other sectors within the Food sector. For instance, there are three Wine franchises, 14 Drinks franchises, seven Vegan franchises, three Catering franchises and three Weight Loss franchises. You'll find opportunities to suit all kinds of career goals and aspirations. In Newark and Sherwood, there are currently 6,000 people employed in the Hospitality and Food Services industry, so you would become a part of an established business network.
Read about these three brands to see what franchise options exist
Heavenly Desserts is a competitive brand operating in the Food and Beverage sector. By joining its network of 21 franchisees, you could play a part in this brand's success. You will need to invest £190,000 to open your own Heavenly Desserts business. At least £110,000 of this significant amount should come from your own personal investment. It is thus less appropriate for new investors. An investment in this franchise entitles you to financial assistance, if eligible.
If the Food and Beverage sector appeals to you, Wiltshire Farm Foods is another option you could have a look at. This brand is developing, counting 80 outlets across the United Kingdom. By investing in this established brand, you could qualify for financial aid.
Wafflemeister is a third interesting franchising opportunity in the Food and Beverage sector. The brand is expanding, with 24 locations currently in operation, and a desire to expand further. Opening a Wafflemeister business requires a substantial initial investment of £150,000. If you plan on getting a loan to cover the startup costs, Wafflemeister asks for a personal investment of at least £100,000. For most franchises, this amount represents 30 to 50% of the total investment. It is thus less appropriate for new investors. A small premises will also be required to operate this business. If eligible, you might be able to benefit from financial aid. See our website for details.
There are currently 23 available franchise options in the Food and Beverage sector. Take a look at these brands to find out if there's a good fit for you. If you're curious about franchising opportunities in other sectors, Point Franchise has 236 brands to choose from.
This page contains machine-generated content provided by LabSense, using data collected from NOMIS and the ONS.