Restaurant Franchise opportunities to start in Wallsend
Wallsend is an attractive town to invest in
Are you thinking about opening a franchise? Wallsend, in North East England, could have a lot to offer. By becoming a franchisee, you could receive training and marketing support from an established brand while running your own business. Have a look at the brands currently recruiting in North Tyneside. Explore our sectors and brands to find your best options among different franchising opportunities, keeping in mind your personal interests and career goals.
Recent figures show that 206,000 people live in North Tyneside. The majority of residents are aged 40 to 59 years old. The local labour force consists of 102,600 people, or 80.4% of the total population. With an unemployment rate of 3%, recent data indicates that employment in this area is lower than in the rest of the United Kingdom. The average gross income in the United Kingdom is close to £31,000. Residents of North Tyneside earn £27,665 a year on average.
Does the Casual Dining sector appeal to you?
If you wish to open a business in the Casual Dining sector, take a look at our 15 franchises currently recruiting franchisees in the field. In addition to the business opportunities in the Casual Dining sector, the Restaurant industry offers two Bubble Tea franchises, four Pizza franchises, five Noodle Bar franchises, three Pub & Bar franchises and two Food Truck franchises. Check out the brands to see if your perfect match is among them. Many businesses in North Tyneside already operate in the Hospitality and Food Services industry, which employs 6,000 people. You would be joining a well-established business community.
Three franchises that might interest you
If you're planning to invest in the Casual Dining sector, have a look at Las Iguanas. The brand is expanding, with 55 outlets already in operation, and a desire to expand further. You will need an initial investment of £700,000 to start your own Las Iguanas business. Your personal investment should account for at least £350,000 of the total amount. You may want to consider getting a loan to open a business in this sector. 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. Financial assistance is available for eligible franchisees.
Take a look at Wolf, another interesting Casual Dining franchise. This brand is developing, counting four locations in the UK. In order to open a Wolf business, a significant initial investment of £200,000 is required. If you plan on getting a loan to cover the startup costs, you will usually need to cover 30 to 50% of the total investment yourself. Wolf requires a personal investment of at least £100,000. 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. When investing in this franchise, you could qualify for financial aid.
Lastly, Veeno is another competitive brand operating in the Casual Dining sector. Starting a Veeno franchise will require you to invest a minimum of £80,000. At least £35,000 of this should come from your own personal 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 be eligible for financial aid. See eligibility details on our website.
Starting a business in the Casual Dining sector has great potential. If you're interested, explore our 15 available options. With close to 250 franchising opportunities to choose from across different sectors, you have a good chance of finding a brand that meets your needs on Point Franchise.
NOMIS and the ONS provided the data shown on this page. This text was automatically generated by LabSense.