Food and Beverage Franchise opportunities to start in Hereford
Investing in a franchise in Hereford
You could open your own business by becoming a franchisee in Hereford. Herefordshire, located in the West Midlands, offers a number of new business investment possibilities. On this page, you'll find a range of brands looking for franchisees. Deciding which sector you'd like to work in will lead you to the businesses that best suit your needs and business goals.
According to recent census data, there are 192,000 people in Herefordshire. Residents aged over 60 years old make up the prevalent age group within the population. Unemployment affects 4% of the UK population. With a rate of 2.5%, unemployment in this area is significantly lower than the national average. The labour force amounts to 93,100 people, making up 85.1% of the population. The local income averages £25,778 per year, which is slightly lower than the £30,629 average income in the UK as a whole.
Why Food and Beverage businesses appeal to franchisees
The Food and Beverage sector currently offers 23 franchise opportunities. If this sector appeals to you, check out our options. In fact, we have a wide selection of options in the Food industry including the franchises in the Food and Beverage sector. You can pick from five Juice franchises, three Donut franchises, 15 Dessert franchises, five Tea franchises and eight Ice Cream franchises today. If you want to operate a business in the Hospitality and Food Services industry, it could be useful to know that companies in the field currently employ 5,000 people in the Herefordshire area.
Take a look at three franchise business examples
If you're interested in the Food and Beverage sector, take a look at Wiltshire Farm Foods. There are 80 outlets open so far, and the network is expanding. If you can't cover the startup costs on your own, you may be eligible for financial assistance.
Have a look at Crêpeaffaire, another competitive Food and Beverage franchise. This brand is expanding, counting 24 locations across the United Kingdom. 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. The higher startup costs make this an opportunity best suited for most established franchisees with greater access to financial resources.
Finally, another option worth considering is Baguette Express, a brand that has been operating since 1999. Baguette Express now has over 21 years of experience under its belt. By joining its 38 franchises already in operation, you could contribute to this company's expansion. This business requires an initial investment of £60,000. If you plan on getting 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 Baguette Express business is £30,000. It is thus less appropriate for new investors. If you can't afford the startup costs on your own, you could see if you qualify for financial aid. See eligibility details on our website.
If you are interested in the Food and Beverage sector and would like to learn more about its available franchising opportunities, explore the 23 businesses currently recruiting franchisees in the sector. Point Franchise currently has a total of almost 250 brands recruiting franchisees across a variety of sectors. Have a look to see which other sectors you might want to invest in.
This page contains data provided by NOMIS and the ONS. This content was automatically generated by LabSense.