Food and Beverage Franchise opportunities to start in Norwich
What to know before starting a business in Norwich
Many brands are currently recruiting franchisees in Norwich, located in the East of England. By becoming a franchisee, you could manage your own business while receiving comprehensive training and marketing support. Keep reading to explore the options in the Norwich area. Explore our different franchising options to find the sectors and brands that most appeal to you.
There are 141,000 people living in the Norwich area. When broken down by age range, the majority of the population falls within the 20-39 category. The local unemployment rate of 7.6% among 73,400 economically active people, or 78.3% of the population, is slightly higher than the average in the United Kingdom. Across the UK, the average gross salary is just over £30,500. In the Norwich area, it is £26,353.
The Food and Beverage sector and its franchising opportunities
If you wish to open a business in the Food and Beverage sector, check out our 23 franchises currently recruiting franchisees in the field. The Food and Beverage sector is actually part of the Food industry which offers a wider selection. There are currently nine Healthy Food franchises, five Tea franchises, three Donut franchises, eight Ice Cream franchises and three Smoothie franchises recruiting at this time. Amongst these opportunities, there is likely to be one to suit your career goals and aspirations. In Norwich, there are currently 6,000 people working in the Hospitality and Food Services industry, so you would become a part of an established business community.
Check out three available franchise opportunities
If you like the idea of opening a business in the Food and Beverage sector, Baguette Express could be an option for you. First established in 1999, the brand has gained valuable experience and expertise over the past 21 years. The brand is growing, with 38 locations already in operation, and a desire to expand further. Opening a Baguette Express business requires an initial investment of £60,000. At least £30,000 should come from your own personal investment. It is thus less appropriate for new investors. By investing in this established brand, you could be eligible for financial aid.
Crêpeaffaire is an interesting investment opportunity in the Food and Beverage sector. By joining its current 24 franchisees, you would be joining a growing brand network. This business requires a substantial initial investment of £200,000. 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 open a Crêpeaffaire business is £130,000. It is thus less appropriate for new investors. A large premises will also be required to operate this business. When investing in this franchise, you could qualify for financial assistance.
Lastly, another option worth considering is Wafflemeister. There are 24 outlets open so far, and the network is expanding. In order to open a Wafflemeister business, a substantial initial investment of £150,000 is required. If you plan on getting a loan to cover the startup costs, you will usually need to cover 30 to 50% of the total investment yourself. Wafflemeister requires a personal investment of at least £100,000. Given these higher startup costs, this opportunity is less suitable for first-time franchisees. A small premises will also be required to operate this business.
Many businesses are already operating in the Food and Beverage sector. We currently have 23 franchise opportunities available in the sector. If this sector doesn't suit your needs, don't worry. Point Franchise offers almost 250 franchise options across a variety of sectors to help you find your perfect investment opportunity.
Data on this page was provided by NOMIS and the ONS. This content was machine-generated in partnership with LabSense.