Restaurant Franchise opportunities to start in Preston
Preston is an attractive town to invest in
If you'd like to open your own business but don't know where to start, a franchise might just be the answer. Preston, situated in Scotland, could be a good place to start as there are many businesses currently recruiting franchisees in the Scottish Borders area. Explore our extensive possibilities in order to find the right brand for you, and you'll be one step closer to starting your own business.
According to recent census data, 115,000 people live in Scottish Borders. When broken down by age group, 60+ year olds represent the largest portion of the population. The community has a 3.2% unemployment rate, which is lower than the UK average of 4%. There are 53,300 economically active people in the region, representing 78.8% of the total population. For the Scottish Borders area, the average income is £26,777, which is slightly lower than the national average salary of just over £30,500.
Running a franchise in the Casual Dining sector
If you wish to run a business in the Casual Dining sector, check out our 15 franchises currently recruiting franchisees in the field. The Casual Dining sector is part of the Restaurant industry which offers a wide range of interesting options. These include four Pizza franchises, nine Coffee, Cafe & Coffee Shop franchises, 14 Takeaway franchises, two Chicken franchises and five Noodle Bar franchises. See if any catch your eye. Moreover, the number of people currently employed in a specific industry gives an indication of how dynamic it is. In the Scottish Borders area, 3,000 people work for Hospitality and Food Services companies.
Three franchises that could interest you
If you would like to invest in a Casual Dining business, you could consider Bella Italia. By joining its 100 franchises already in operation, you could contribute to this brand's expansion. A total of £700,000, a significant initial investment, is required to open a Bella Italia franchise. You might want to consider getting a loan to cover the startup costs, in which case at least £350,000 of the total investment should come from your personal funds. 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. You could also receive financial aid, if eligible.
You could also consider Wolf. This brand is expanding, counting four outlets across the country. This business opportunity requires a significant initial investment of £200,000. You could get a loan to help cover startup costs, in which case your personal investment will generally need to cover 30 to 50% of the total investment. Wolf asks for a minimum personal investment of £100,000. Due to the higher startup costs, this option is not advisable for first-time franchisees. You will also need to invest in a large premises to operate this business. An investment in this franchise entitles you to financial assistance, if eligible.
Finally, Shoryu Ramen is another successful business operating in the Casual Dining sector. There are 13 locations open so far, and the network is expanding. In order to open a Shoryu Ramen business, a significant initial investment of £400,000 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. Shoryu Ramen requires a personal investment of at least £200,000. Given these higher startup costs, this opportunity is less suitable for first-time franchisees. You will also need to invest in a small premises to operate this business. If you can't afford the startup costs on your own, you could see if you qualify for financial aid. See our website for details.
If working in the Casual Dining sector appeals to you, have a look at our 15 available franchising opportunities in the sector. Point Franchise currently has a total of 236 brands recruiting franchisees across a variety of sectors. Have a look to see which other sectors you might want to invest in.
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