Restaurant Franchise opportunities to start in Durham
What can Durham offer to new businesses?
Discover the business opportunities waiting for you in Durham, situated in North East England. On this page you'll find a selection of brands that could make you a franchisee in the County Durham area. Becoming a franchisee would allow you to manage your own business and benefit from comprehensive support. We offer a number of franchises to suit a variety of budgets and career objectives. Take a look at our range of businesses and sectors to see what might suit you.
Recent figures show that County Durham has a population of 527,000 residents. When broken down by age group, the 60+ age range is the most prevalent in the population. The local labour force consists of 244,900 people, or 75.5% of the total population. With an unemployment rate of 5.7%, recent data shows that employment in this area is slightly higher than in the rest of the United Kingdom. The average gross salary in the United Kingdom is close to £31,000. Residents of County Durham earn £27,594 a year on average.
Does the Casual Dining sector appeal to you?
Across the United Kingdom, you will find 15 franchises operating in the Casual Dining sector. The Casual Dining sector is part of the Restaurant services sector which offers a wide range of interesting options. These include three Frozen Yogurt franchises, nine Coffee, Cafe & Coffee Shop franchises, two Bubble Tea franchises, three Pub & Bar franchises and four Pizza franchises. See if any catch your eye.
Three franchise business examples worth looking at
If you are interested in running a business in the Casual Dining sector, read about Wolf. This brand is expanding, counting four outlets across the United Kingdom. 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 usually 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. A large premises will also be required to operate this business. If you choose to invest in this franchise, financial assistance is available, providing you meet the eligibility criteria.
Another interesting franchise option is Las Iguanas. By joining its current 55 franchisees, you would become a part of a growing brand network. To start your business, you will need an initial investment of £700,000. If you plan on getting a loan to cover the costs of opening a franchise, a personal investment of 30 to 50% of the total amount will typically be required. For Las Iguanas, the minimum personal investment is £350,000. 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. If you can't afford the startup costs on your own, you could see if you qualify for financial aid.
Lastly, Veeno could be another good option for you to invest in. The brand is growing, with eight locations already in operation, and a desire to expand further. In order to open a Veeno business, an initial investment of £80,000 is required. If you plan on getting a loan to cover the startup costs, you will generally need to cover 30 to 50% of the total investment yourself. Veeno requires a personal investment of at least £35,000. Given these higher startup costs, this opportunity is less suitable for first-time franchisees. You will also need to invest in a large premises to operate this business. If you can't cover the startup costs on your own, you may qualify for financial aid. See eligibility details on our website.
The Casual Dining sector currently offers 15 franchising options. You will find a total of almost 250 franchise possibilities here on Point Franchise. So if you haven't settled on one sector yet, take your time and explore all the options.
Data on this page was provided by NOMIS and the ONS. This content was machine-generated in partnership with LabSense.