Restaurant Franchise opportunities to start in Jarrow
Opening a franchise business in Jarrow
Jarrow, located in the North East of England, offers a number of new business investment options, especially if you like working for yourself but not on your own. Learn more about our franchising opportunities here. You might just find the right brand for starting your own business in the South Tyneside area. With your interests and career goals in mind, have a look at our range of new business investment options.
Recent figures show that South Tyneside has a population of 150,000 residents. The 40-59 age group is the most represented within the population. The local labour force consists of 67,300 people, or 74.4% of the total population. With an unemployment rate of 8.2%, recent data indicates that employment in this area is slightly higher than in the rest of the United Kingdom. Across the United Kingdom, the average gross salary is just over £30,500. In the South Tyneside area, it is £24,834.
The Casual Dining sector could be the right choice for you
Across the United Kingdom, there are currently 15 opportunities to run your own franchise in the Casual Dining sector. The Casual Dining sector is just one example of a sector you could invest in. Could your ideal business be among our two Chicken franchises, 14 Takeaway franchises, 15 Restaurant franchises, two Bubble Tea franchises and five Noodle Bar franchises available in the Restaurant industry? Have a look to find out. If you're interested in the Hospitality and Food Services industry, you may want to consider how many people already work in the field. In South Tyneside, Hospitality and Food Services companies currently employ 3,000 people.
Eager to know more? Here are three franchise business examples
The Casual Dining sector has many franchise options available, such as Las Iguanas. This brand is developing, counting 55 outlets across the UK. To start your business, you will need an initial investment of £700,000. If you intend to get 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. 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 cover the startup costs on your own, you could find out if you qualify for financial aid.
Veeno is an interesting franchising opportunity in the Casual Dining sector. By joining its network of eight franchisees, you could play a part in this brand's success. You will need to invest £80,000 to start your own Veeno business. At least £35,000 of this should come from your own personal investment. 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. Also, if you can't afford the startup costs alone, you may be entitled to financial assistance.
Lastly, Shoryu Ramen could be another good option for you to invest in. There are 13 locations open so far, and the network is expanding. Starting a Shoryu Ramen business requires a substantial initial investment of £400,000. At least £200,000 should come from your own personal investment. It is thus less appropriate for new investors. Financial aid can be provided in some circumstances. See our website for more information.
If you are interested in the Casual Dining sector and would like to discover more franchising options, have a look at the 15 brands available in this sector. On Point Franchise, there is plenty of choice in other sectors as well. We have almost 250 franchising opportunities in total to choose from.
Data on this page was provided by NOMIS and the ONS. This content was machine-generated in partnership with LabSense.