Food and Beverage Franchise opportunities to start in Wolverhampton
Starting a franchise business in Wolverhampton
If you're interested in running your own business in Wolverhampton, located in the West Midlands, you should look at franchising options. Several companies are currently recruiting in the Wolverhampton area. As a franchisee you could manage your own business while benefitting from comprehensive support. Keep reading to see if this could be for you. We offer franchise investment opportunities in many different sectors. Why not look into the sector that appeals to you the most?
The Wolverhampton area has a population of 262,000 residents. When broken down by age group, the 20-39 age range is the most prevalent in the population. The local labour force consists of 118,500 people, or 72.2% of the total population. With an unemployment rate of 7%, recent data shows that employment in this area is slightly higher than in the rest of the United Kingdom. Wolverhampton has an average annual salary of £24,784. This salary is slightly lower than the rest of the UK, which has an average income of £30,629.
The Food and Beverage sector and its investment options
There are 23 UK-based franchises available in the Food and Beverage sector. The Food and Beverage sector is just one sector among many in the Food industry. Its four Waffle franchises, five Chocolate franchises, seven Vegan franchises, three Catering franchises and three Donut franchises are also worth considering. Let our selection of brands be your guide to starting your next exciting investment opportunity. In Wolverhampton, there are currently 5,000 people employed in the Hospitality and Food Services industry, so you would be joining an established business network.
Three brands worth your attention
If you are interested in opening a business in the Food and Beverage sector, read about Heavenly Desserts. There are 21 locations open so far, and the network is expanding. A significant initial investment of £190,000 will enable you to start your own Heavenly Desserts business. In most cases, your personal investment should represent 30 to 50% of the total amount. Heavenly Desserts requires you to personally invest at least £110,000. You could potentially apply for a loan to cover the remaining costs. It is thus less appropriate for new investors. You could also benefit from financial assistance, if eligible.
Bagel Corner is another competitive brand operating in the Food and Beverage sector.
The Food and Beverage sector has many brands worth considering. As a final example, have a look at Wafflemeister. This brand is growing, counting 24 outlets in the United Kingdom. A total of £150,000, a substantial initial investment, is required to open a Wafflemeister franchise. You might want to consider getting a loan to cover the startup costs, in which case at least £100,000 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. A small premises will also be required to operate this business. By investing in this franchise, you may be eligible for financial support. See our website for more information.
If you would like to find out more about franchise opportunities in the Food and Beverage sector, have a browse through our 23 available options. Plus, with close to 250 alternative franchising options available across various sectors, Point Franchise offers plenty of choice to find the brand that best meets your needs.
This page contains machine-generated content provided by LabSense, using data collected from NOMIS and the ONS.