Restaurant Franchise opportunities to start in Lancaster
Starting a franchise business in Lancaster
The franchising options in Lancaster, located in the North West of England, are numerous. As a franchisee, you could have the independence of working alone with the support of a team behind you. Stay on this page to find out which brands you could work with in Lancaster. If you already know which line of work you'd like to pursue, look into our franchise opportunities in that sector. If not, have a browse and see what other options catch your eye. We have brands to suit all kinds of interests and career goals.
The Lancaster area has a population of 144,000 people. Residents aged 20 to 39 years old have the highest concentration in the population. The region has a labour force of 62,900 people, or 69.5% of the total population. The unemployment rate (4.7%) is high compared to the rest of the United Kingdom. The average annual income across the United Kingdom is £30,629. With a gross salary averaging £27,639, residents of Lancaster have a slightly lower salary than the national average.
Why the Casual Dining sector might be a good option for you
Across the United Kingdom, there are 15 franchises in the Casual Dining sector. The Casual Dining sector is just one example of the options available in the Restaurant sector. Other opportunities include three Juice Bar franchises, five Sandwich franchises, three Frozen Yogurt franchises, 14 Takeaway franchises and nine Coffee, Cafe & Coffee Shop franchises. Have a look, the perfect business opportunity for you could be a few clicks away. Hospitality and Food Services is a well-established industry, providing employment for 4,500 people in Lancaster alone.
Have a look at three franchise business examples
If you're interested in the Casual Dining sector, have a look at Shoryu Ramen. There are 13 outlets open so far, and the network is expanding. To open your own Shoryu Ramen franchise, you will need to invest £400,000, of which at least £200,000 should be your own personal investment. You could apply for a loan to help cover the remaining startup costs. The higher startup costs make this 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.
Another brand worth considering is Bella Italia. By joining its current 100 franchisees, you would be joining a growing brand network. A total of £700,000, a substantial initial investment, is required to start 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 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 be eligible for financial aid.
Lastly, Veeno is another attractive brand operating in the Casual Dining sector. You will need to invest £80,000 to open your own Veeno business. 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. A large premises will also be required to operate this business. If eligible, you might be entitled to financial assistance. Visit our website for details.
If you would like to check out more franchising options in the Casual Dining sector, we currently have 15 available opportunities. On Point Franchise, there is plenty of choice in other sectors too. We have close to 250 new business investment opportunities in total to choose from.
This page contains machine-generated content provided by LabSense, using data collected from NOMIS and the ONS.