Food and Beverage Franchise opportunities to start in Letchworth
Investing in a franchise in Letchworth
You could open your own business by becoming a franchisee in Letchworth. North Hertfordshire, located in the East of England, offers a number of new business investment possibilities. On this page, you'll find a selection of brands looking for franchisees. With your interests and career objectives in mind, have a look at our range of franchising options.
A recent census found that 133,000 people live in North Hertfordshire. The 40-59 age group makes up the majority of the population. The area has an economically active population of 68,400 people, or 83.9% of the total population. The unemployment rate (3.7%) is comparable to the rest of the UK. Across the United Kingdom, the annual gross salary is £30,629 on average. In the region of North Hertfordshire, it averages £35,383.
Running a Food and Beverage franchise business
If you would like to operate a Food and Beverage franchise, you are likely to find one that appeals to you among 23 available across the United Kingdom. Numerous brands offer franchise opportunities in other sectors within the Food sector. For instance, there are three Smoothie franchises, five Chocolate franchises, three Weight Loss franchises, 15 Dessert franchises and five Juice franchises. You'll find options to suit all kinds of career goals and aspirations. If you're interested in the Hospitality and Food Services industry, you're not alone. In North Hertfordshire, 4,000 people currently work in the sector.
Three franchise business examples
There are many interesting franchising opportunities in the Food and Beverage sector. Take Wiltshire Farm Foods for example. There are 80 outlets open so far, and the network is expanding. By investing in this franchise, you may be eligible for financial support.
Crêpeaffaire is another interesting option. This brand is growing, counting 24 locations in the UK. Starting a Crêpeaffaire business requires a significant initial investment of £200,000. If you intend to get a loan to cover the startup costs, Crêpeaffaire asks for a personal investment of at least £130,000. For most franchises, this amount represents 30 to 50% of the total investment. Given these higher startup costs, this is an opportunity best suited for most established franchisees with greater access to financial resources. You will also need to invest in a large premises to operate this business. If you can't afford the startup costs on your own, you may qualify for financial assistance. See our website for more information.
Finally, another brand worth considering is Bagel Corner. By joining its network of 30 franchisees, you could contribute to this brand's success. You will need to invest in a small premises to operate this business.
There are 23 franchises waiting to be discovered in the Food and Beverage sector. If you are still not sure which sector best suits your needs, have a look through our range of 236 new business investment opportunities across a variety of sectors on Point Franchise.
This text was automatically generated in partnership with LabSense, using data collected from NOMIS and the ONS.