Food and Beverage Franchise opportunities to start in Hemel Hempstead
Is Hemel Hempstead a good place to become a franchisee?
Located in the East of England, Hemel Hempstead is an area with business opportunities on the rise. If working as your own boss with a team behind you sounds appealing, have a look at our franchising opportunities in Dacorum and take the first step towards running your own business. We offer a number of franchises to suit a variety of budgets and career goals. Take a look at our range of businesses and sectors to see what might suit you.
The Dacorum area has a population of 154,000 residents. When broken down by age group, the majority of the population falls within the 40-59 category. The local labour force includes 78,200 people, or 82.8% of the total population. With an unemployment rate of 2.9%, recent data shows that employment in this area is significantly lower than in the rest of the United Kingdom. The United Kingdom's annual average income is just over £30,500. Salaries in Dacorum are slightly higher in comparison, averaging £32,443 a year.
Running a Food and Beverage franchise business
If the idea of running a business in the Food and Beverage sector appeals to you, take a look at the 23 brands currently recruiting franchisees in the field. The Food industry offers a variety of options in addition to those in the Food and Beverage sector. These include three Natural Food franchises, five Tea franchises, five Juice franchises, three Donut franchises and seven Vegan franchises. Check out the brands available to find out which could be your perfect match. In Dacorum, there are currently 4,000 people working in the Hospitality and Food Services industry, so you would be joining an established business network.
Read about these three brands to see what franchise options exist
If you would like to invest in the Food and Beverage sector, Wiltshire Farm Foods could be a good option. By joining its network of 80 franchisees, you could contribute to this brand's success. If you can't cover the startup costs on your own, you may be eligible for financial aid.
Crêpeaffaire is an interesting investment opportunity in the Food and Beverage sector. By joining its 24 franchises already in operation, you could contribute to this company's expansion. This business requires a significant initial investment of £200,000. If you intend to get 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 Crêpeaffaire business is £130,000. 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. You could also benefit from financial assistance, if eligible.
Lastly, Wafflemeister could be another good option for you to invest in. This brand is growing, counting 24 outlets across the UK. In order to start 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 typically need to cover 30 to 50% of the total investment yourself. Wafflemeister asks for a personal investment of at least £100,000. Due to the higher startup costs, this option is not recommended for first-time franchisees. You will also need to invest in a small premises to operate this business. An investment in this franchise entitles you to financial aid, if eligible. See our website for more information.
If you are interested in the Food and Beverage sector and would like to know more about its available franchising opportunities, explore the 23 companies currently recruiting franchisees in the sector. At Point Franchise, we have close to 250 new business investment opportunities available, giving you plenty to choose from in other sectors as well.
Data on this page was collected from NOMIS and the ONS. This content was machine-generated in partnership with LabSense.