Food and Beverage Franchise opportunities to start in Torquay
Torquay: A great location to start a business
Discover the possibilities waiting for you in Torquay, situated in the South West. On this page you'll find a selection of brands recruiting franchisees in the Torbay area. Franchising is an opportunity to manage your own business, complete with training and marketing assistance. With your interests and career objectives in mind, have a look at our range of franchising opportunities.
According to recent census data, there are 136,000 people in Torbay. The majority of the population sits within the 60+ age range. Unemployment affects 4% of the UK population. With a rate of 4.1%, unemployment in this area is in line with the national average. The labour force amounts to 59,400 people, making up 78.1% of the population. Salaries in Torbay average £23,343 a year, while in the UK the average income is just over £30,500.
The Food and Beverage sector could be the right choice for you
There are 23 UK-based franchises available in the Food and Beverage sector. The Food and Beverage sector is just one example of a sector you could invest in. Could your ideal business be among our five Juice franchises, three Catering franchises, four Waffle franchises, three Natural Food franchises and 14 Drinks franchises available in the Food sector? Have a browse to find out. If you're keen on the Hospitality and Food Services industry, you may want to consider how many people already work in the sector. In Torbay, Hospitality and Food Services businesses currently employ 8,000 people.
Here are three examples of franchise businesses
The Food and Beverage sector has many franchise options available, such as Heavenly Desserts. By joining its network of 21 franchisees, you could play a part in this brand's success. Starting a Heavenly Desserts business requires a substantial initial investment of £190,000. If you intend to get a loan to cover the startup costs, Heavenly Desserts asks for a personal investment of at least £110,000. For most franchises, this amount represents 30 to 50% of the total investment. It is thus less appropriate for new investors. If you can't cover the startup costs on your own, you may qualify for financial aid.
If the Food and Beverage sector appeals to you, Bagel Corner is another option you could consider. By joining its 30 franchises already in operation, you could contribute to this company's expansion. A small premises will be required to operate this business.
Finally, you could also have a look at Baguette Express, which has been in business since 1999. The brand has acquired valuable experience and expertise over the past 21 years. This brand is developing, counting 38 outlets across the United Kingdom. Opening a Baguette Express franchise will require you to invest a minimum of £60,000. At least £30,000 of this should come from your own personal investment. Due to the higher startup costs, this option is not advisable for first-time franchisees. Also, if you can't afford the startup costs on your own, you may qualify for financial support. See eligibility details on our website.
We offer a total of 23 businesses in the Food and Beverage sector. If you're interested, see if the right franchising opportunity for you is among them. But you also have plenty of investment possibilities in other sectors as well, including more than 232 franchising opportunities available on Point Franchise.
NOMIS and the ONS provided the data shown on this page. This text was automatically generated by LabSense.