Food and Beverage Franchise opportunities to start in Paignton
Why should you invest in Paignton?
If you want to start your own business, you may find that Paignton has a lot to offer. Several companies are currently recruiting franchisees in the Torbay area. Read on to find out if running a franchise could be a good option for you! We offer franchise investment opportunities in a variety of sectors. Why not check out the sector that appeals to you the most?
The population of Torbay is 136,000. The most prevalent age group in the population is over 60 years old. The community has a 4.1% unemployment rate, which is in line with the UK average of 4%. There are 59,400 economically active people in the area, representing 78.1% of the total population. Salaries in Torbay average £23,343 a year, while in the UK the average income is £30,629.
Why Food and Beverage businesses appeal to franchisees
Across the UK, there are currently 23 opportunities to run your own franchise in the Food and Beverage sector. Many brands offer franchise options in other sectors within the Food sector. For instance, there are six Milkshake franchises, three Weight Loss franchises, three Wine franchises, seven Vegan franchises and three Smoothie franchises. You'll find opportunities to suit many different career goals and aspirations. In Torbay, the Hospitality and Food Services industry already provides work for nearly 8,000 people, potentially making this path an ideal one for you, too!
Three examples of available franchise business possibilities
The Food and Beverage sector has many franchise options available, such as Crêpeaffaire. By joining its 24 franchises already in operation, you could contribute to this brand's expansion. To open 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. Due to the higher startup costs, this option is not recommended for first-time franchisees. You will also need to invest in a large premises to operate this business. By investing in this established brand, you could be eligible for financial aid.
Another option worth considering is Heavenly Desserts. The brand is developing, with 21 locations currently in operation, and a desire to expand further. Starting a Heavenly Desserts business requires a significant initial investment of £190,000. At least £110,000 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.
As a final Food and Beverage franchise option, take a look at Wiltshire Farm Foods. By joining its current 80 franchisees, you would be joining a growing brand network. Also, if you can't afford the startup costs on your own, you may qualify for financial assistance. See our website for details.
The Food and Beverage sector currently offers 23 franchising opportunities. Point Franchise has 236 franchising opportunities across a wide range of sectors. So if this sector isn't for you, there are still lots of investment options to explore.
This page contains machine-generated content provided by LabSense, using data collected from NOMIS and the ONS.