Restaurant Franchise opportunities to start in Scunthorpe
Scunthorpe and its prospects for new Businesses
Would you like to run your own business? Scunthorpe, located in Yorkshire and the Humber, could be a good place to start. There are many brands currently recruiting franchisees in the North Lincolnshire area. Franchising gives you the opportunity to run your own business while benefitting from the support of an established brand. With your interests and career objectives in mind, have a look at our range of franchising options.
An estimated 172,000 people currently live in North Lincolnshire. Residents aged over 60 years old are the most represented in the population. The area has a 4.5% unemployment rate, which is slightly higher than the national average of 4%. Overall, the region's economically active population consists of 77,600 people or 75.8% of the total population. North Lincolnshire has an average annual salary of £26,193, which is slightly lower than the national average income of £30,629.
Running a Casual Dining franchise business
There are currently 15 opportunities to invest in the Casual Dining sector. If you would like to operate a business in this field, keep reading. You will find many business opportunities in the Restaurant industry, including those in the Casual Dining sector. Other possibilities include two Chicken franchises, three Juice Bar franchises, two Burger franchises, four Halal franchises and 15 Restaurant franchises. The perfect business to suit your career goals and aspirations might just be among them. If you're interested in the Hospitality and Food Services industry, you're not alone. In North Lincolnshire, 4,500 people currently work in the sector.
Three franchises that might interest you
The Casual Dining sector offers a variety of brands to choose from, including Bella Italia. There are 100 locations open so far, and the network is expanding. To start your business, you will need an initial investment of £700,000. If you plan on getting a loan to cover the costs of opening a franchise, a personal investment of 30 to 50% of the total amount will generally be required. For Bella Italia, 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. A large premises will also be required to operate this business. Training and assistance provided by Bella Italia will help you lead your business in the right direction. And, if eligible, you might be able to benefit from financial aid.
Another opportunity worth considering is Shoryu Ramen. By joining its current 13 franchisees, you would be joining a growing brand network. A total of £400,000, a significant initial investment, is required to start a Shoryu Ramen franchise. You might want to consider getting a loan to cover the startup costs, in which case at least £200,000 of the total investment should come from your personal funds. Given these higher startup costs, this opportunity is less suitable for first-time franchisees. A small premises will also be required to operate this business. Investing in Shoryu Ramen entitles you to all the guidance, training and support you need to run your business successfully. And if you can't afford the startup costs on your own, you may qualify for financial assistance.
As a final Casual Dining franchise option, have a look at Las Iguanas. The brand is growing, with 55 outlets currently in operation, and a desire to expand further. To start your own Las Iguanas franchise, you will need to invest £700,000, of which at least £350,000 should be your own personal investment. You could get a loan to help cover the remaining startup costs. It is thus less appropriate for new investors. You will also need to invest in a large premises to operate this business. When investing in this franchise, you can benefit from the assistance and support of an established brand and you could even be eligible for financial aid. See our website for details.
If working in the Casual Dining sector appeals to you, check out our 15 available investment opportunities in the sector. Plus, with 238 alternative franchising options available across various sectors, Point Franchise offers plenty of choice to find the brand that best meets your needs.
This text was automatically generated in partnership with LabSense, using data collected from NOMIS and the ONS.