Restaurant Franchise opportunities to start in Telford
What to consider when starting a business in Telford
You could start your own business by becoming a franchisee in Telford. There are a number of franchise options to choose from in Telford and Wrekin, located in the West Midlands. Have a look at our range of brands and start managing your own business with a team behind you. Deciding which sector you'd like to work in will lead you to the brands that best suit your needs and business objectives.
According to recent census data, there are 178,000 people living in Telford and Wrekin. The age group with the highest concentration is 40-59. The area has 88,300 economically active people, representing 80.4% of the population, with an unemployment rate of 4.5%. This rate is slightly higher than the country's 4% national average. Across the UK, the annual gross income is £30,629 on average. In the region of Telford and Wrekin, it is £25,758.
The Casual Dining sector and its franchising opportunities
There are 15 brands offering franchise options in the Casual Dining sector. Bear in mind that the potential for exciting business plans in the Restaurant services sector is not limited to the Casual Dining sector. Other available investment options include two Chicken franchises, five Noodle Bar franchises, 15 Restaurant franchises, five Sandwich franchises and nine Coffee, Cafe & Coffee Shop franchises. See if there's one to suit your career goals. If you are considering joining the Hospitality and Food Services industry, you may be interested to know that 4,000 people have already made the decision to work in this industry in the Telford and Wrekin area.
Read about these three brands to see what franchise opportunities exist
The Casual Dining sector offers a variety of brands to choose from, including Wolf. By joining its current four franchisees, you would be joining a growing brand network. To open your own Wolf franchise, you will need to invest £200,000, of which at least £100,000 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. Financial assistance can be given in some circumstances.
Take a look at Café Rouge, another competitive Casual Dining franchise. The brand is expanding, with 90 outlets currently in operation, and a desire to expand further. In order to start a Café Rouge business, a significant initial investment of £700,000 is required. If you plan on getting a loan to cover the startup costs, you will usually need to cover 30 to 50% of the total investment yourself. Café Rouge asks for a personal investment of at least £350,000. 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 can't afford the startup costs on your own, you may qualify for financial aid.
As a final example, check out Bella Italia. By joining its network of 100 franchisees, you could contribute to this brand's success. 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 typically be required. For Bella Italia, the minimum personal investment is £350,000. The higher startup costs make this 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. By investing in this established brand, you could be eligible for financial aid. See our website for more information.
The Casual Dining sector currently offers 15 investment options. If you're interested in exploring franchising opportunities in other sectors, Point Franchise has 236 brands to pick from.
This page contains machine-generated content provided by LabSense, using data collected from NOMIS and the ONS.