Restaurant Franchise opportunities to start in Accrington
What can Accrington offer to new businesses?
Accrington, located in the North West of England, currently offers many franchising opportunities. As a franchisee, you could manage your own business while receiving expert training and support from an established brand. Keep reading to explore the options in the Hyndburn area. Exploring our range of brands and sectors will allow you to pinpoint the type of business that is right for you.
Hyndburn has a population of approximately 81,000 people. The majority of residents are aged 40 to 59 years old. The area's average gross annual income of £26,452 is slightly lower than the average income of £30,629 across the United Kingdom.
Could the Casual Dining sector be the right choice for you?
Are you interested in the Casual Dining sector? If so, there are 15 available franchises to choose from in the UK. Many brands offer franchise opportunities in other sectors within the Restaurant services sector. For instance, there are three Frozen Yogurt franchises, four Pizza franchises, nine Coffee, Cafe & Coffee Shop franchises, 14 Takeaway franchises and three Pub & Bar franchises. You'll find options to suit many different career goals and aspirations.
Three franchises that could interest you
The Casual Dining sector has many franchise opportunities available, such as Wolf. By joining its network of four franchisees, you could contribute to this brand's success. You will need to invest £200,000 to begin operating your own Wolf business, which is a significant initial investment. Your personal investment should account for at least £100,000 of the total amount. 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 are unsure about starting your own business, taking on an established franchise could be the answer. Wolf provides full training and support, ensuring that its franchisees are well-equipped to succeed. Also, if you can't afford the startup costs on your own, you may qualify for financial assistance.
Las Iguanas could be another good option for you to invest in. By joining its 55 franchises already in operation, you could contribute to this company's expansion. You will need to invest £700,000 to open your own Las Iguanas business. At least £350,000 of this substantial amount should come from your own personal investment. It is thus less appropriate for new investors. A large premises will also be required to operate this business. You may feel more secure in starting a Las Iguanas franchise knowing that franchisees can benefit from full training, assistance and support. Eligible candidates may also apply for financial aid.
Lastly, Shoryu Ramen is another interesting option. This brand is growing, counting 13 outlets in the UK. Opening a Shoryu Ramen business requires a substantial initial investment of £400,000. If you intend to get a loan to cover the startup costs, Shoryu Ramen asks for a personal investment of at least £200,000. For most franchises, this amount represents 30 to 50% of the total investment. Due to the higher startup costs, this option is not advisable for first-time franchisees. A small premises will also be required 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. Visit our website for details. This brand also provides its franchisees with full training and support.
If you are interested in the Casual Dining sector and would like to learn more about its available franchising options, check out the 15 companies currently recruiting franchisees in the sector. You will find a total of 238 franchise options on Point Franchise. So if you are still looking for the perfect investment opportunity, there are still plenty of options for you to explore.
This page contains machine-generated content provided by LabSense, using data collected from NOMIS and the ONS.
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