Restaurant Franchise opportunities to start in Stretford
Stretford: A great location to start a business
Have you ever considered opening a franchise in Stretford? This could be your opportunity to run your own business while receiving comprehensive training and marketing support, since many businesses in the Trafford area are currently recruiting franchisees. Start by looking for franchise opportunities in the line of work you are most interested in. This will most likely help you find a brand that sparks your curiosity.
According to recent census data, there are 236,000 people in Trafford. When broken down by age group, the 40-59 age range is the most prevalent in the population. Unemployment affects 4% of the UK population. With a rate of 4.5%, unemployment in this area is slightly higher than the national average. The economically active population amounts to 120,100 people, making up 82.4% of the population. Trafford has an average annual salary of £35,667, which is higher than the national average income of close to £31,000.
The Casual Dining sector could be the right choice for you
There are currently 15 opportunities to invest in the Casual Dining sector. If you would like to operate a business in this sector, keep reading. In fact, the Restaurant industry as a whole offers a wide range of franchises to invest in, including two Bubble Tea franchises, five Noodle Bar franchises, two Burger franchises, 11 Fast Food franchises and five Sandwich franchises. Explore our available brands to find a potential match. Hospitality and Food Services is a well-established industry, providing employment for 7,000 people in Trafford alone.
Three franchise businesses worth reading about
If you're interested in the Casual Dining sector, have a look at Wolf. By joining its four franchises already in operation, you could contribute to this company's expansion. To start 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. 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 Wolf will help you take your business in the right direction. And, if eligible, you might be able to benefit from financial aid.
Take a look at Shoryu Ramen. By joining its current 13 franchisees, you would be joining a growing brand network. To start your business, you will need an initial investment of £400,000. If you intend to get a loan to cover the costs of opening a franchise, a personal investment of 30 to 50% of the total amount will usually be required. For Shoryu Ramen, the minimum personal investment is £200,000. Due to the higher startup costs, this option is not recommended for first-time franchisees. You will also need to invest in a small premises to operate this business. By investing in this established brand, you can benefit from access to expert training and support and could even be eligible for financial assistance.
Finally, check out Las Iguanas, another interesting Casual Dining franchise. The brand is expanding, with 55 locations currently in operation, and a desire to expand further. You will need to invest £700,000 to start running your own Las Iguanas business, which is a significant initial investment. Your personal investment should account for at least £350,000 of the total amount. 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 choose to invest in this franchise, you will be offered comprehensive training and support, giving your business the best possible chance to thrive. Financial aid is also available, providing you meet the eligibility criteria. Visit our website for more information.
The Casual Dining sector currently offers 15 investment options. Point Franchise currently has a total of close to 250 brands recruiting franchisees across a variety of sectors. Have a browse to see which other sectors you might want to invest in.
This text was automatically generated in partnership with LabSense, using data provided by NOMIS and the ONS.