Food and Beverage Franchise opportunities to start in Cambridge

Cambridge: A great location to start a business

If you want to open your own business, you may find that Cambridge has a lot to offer. Several brands are currently recruiting franchisees in the Cambridge area. Read on to see if running a franchise could be a good option for you! Why not have a browse through our selection of new business investment options? There are opportunities to suit various needs and business objectives.

The population of Cambridge is 126,000. The population's most prevalent age group is made up of 20-39 year olds. The 1.4% unemployment rate among 69,400 economically active people in the region is significantly lower than the national average. Cambridge has an average annual income of £33,225. This salary is higher than the rest of the UK, which has an average salary of close to £31,000.

Does the Food and Beverage sector appeal to you?

Across the UK, there are 23 franchises operating in the Food and Beverage sector. The Food and Beverage sector is part of the Food industry which offers a wide range of interesting options. These include four Waffle franchises, eight Ice Cream franchises, three Catering franchises, three Natural Food franchises and three Donut franchises. See if any catch your eye.

Three franchise business examples worth looking at

Wafflemeister is an interesting franchise operating in the Food and Beverage sector. By joining its current 24 franchisees, you would be joining a growing brand network. You will need an initial investment of £150,000 to start your own Wafflemeister business. Your personal investment should account for at least £100,000 of the total amount. You may want to think about getting a loan to start a business in this sector. Due to the higher startup costs, this option is not advisable for first-time franchisees. A small premises will also be required to operate this business. If you can't afford the startup costs on your own, you may qualify for financial assistance.

If the Food and Beverage sector appeals to you, Wiltshire Farm Foods is another option you could consider. This brand is expanding, counting 80 outlets in the United Kingdom. If eligible, you might be entitled to financial aid.

Finally, another opportunity worth considering is Crêpeaffaire. The brand is growing, with 24 locations currently in operation, and a desire to expand further. Starting a Crêpeaffaire business requires a significant initial investment of £200,000. If you plan on getting 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. The higher startup costs make this an opportunity best suited for most established franchisees with greater access to financial resources. A large premises will also be required to operate this business. An investment in this franchise entitles you to financial aid, if eligible. See our website for more information.

There are 23 franchises waiting to be discovered in the Food and Beverage sector. Point Franchise offers a total of close to 250 franchising options across many different sectors. So, if you're still looking for a brand that meets your needs, there are plenty of options for you to explore.

This text was automatically generated in partnership with LabSense, using data provided by NOMIS and the ONS.