Restaurant Franchise opportunities to start in Morecambe
What to know before opening a franchise in Morecambe
Morecambe, located in North West England, has many opportunities for people looking to start their own business. There are many brands currently recruiting franchisees in the Lancaster area. This could mean working for yourself while benefiting from the comprehensive support of an established brand. There are a number of new business investment options available based on your budget and career goals. Have a browse to find the brand that appeals to you most.
The Lancaster area has a population of 144,000 residents. The 20-39 age range has the highest concentration within the population. The local unemployment rate of 4.7% is high compared to the national average of 4%. The local labour force consists of 62,900 people, representing 69.5% of the population. The UK's annual average income is close to £31,000. Salaries in Lancaster are slightly lower in comparison, averaging £27,639 a year.
Why open a business in the Casual Dining sector?
The Casual Dining sector currently offers 15 franchise opportunities. If this sector appeals to you, have a look at our options. The Casual Dining sector is a part of the Restaurant industry. Other brands recruiting in this industry include 14 Takeaway franchises, four Pizza franchises, two Food Truck franchises, 15 Restaurant franchises and five Sandwich franchises. Among these franchising opportunities, there will likely be one that fits your career goals and aspirations. It may interest you to know that companies in the Lancaster area currently employ 4,500 people in the Hospitality and Food Services industry.
Three franchise businesses worth reading about
If you're interested in the Casual Dining sector, check out Café Rouge. The brand is growing, with 90 locations already in operation, and a desire to expand further. To open your own Café Rouge franchise, you will need to invest £700,000, of which at least £350,000 should be your own personal investment. You could apply for a loan to help cover the remaining startup costs. Due to the higher startup costs, this option is not recommended for first-time franchisees. A large premises will also be required to operate this business. By investing in this established brand, you could be eligible for financial aid.
Another option to consider is Shoryu Ramen. There are 13 outlets open so far, and the network is expanding. You will need to invest £400,000 to start your own Shoryu Ramen business. At least £200,000 of this significant amount 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. A small premises will also be required to operate this business. Also, if you can't afford the startup costs on your own, you may qualify for financial support.
Finally, Bella Italia is another interesting brand operating in the Casual Dining sector. This business requires a significant initial investment of £700,000. If you plan on getting a loan to cover startup costs, you should anticipate adding a personal investment of 30 to 50% of the total investment as a general rule. The minimal personal investment to start a Bella Italia business is £350,000. 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. By investing in this franchise, you may qualify for financial assistance. Visit our website for details.
There are currently 15 available franchising opportunities in the Casual Dining sector. Take a look at these businesses to find out if there's a good fit for you. If you are still not sure which sector best suits your needs, have a look through our selection of close to 250 franchising opportunities across a variety of sectors on Point Franchise.
This text was automatically generated in partnership with LabSense, using data collected from NOMIS and the ONS.