Restaurant Franchise opportunities to start in Chesterfield
Why should you invest in Chesterfield?
Chesterfield, located in the East Midlands, currently offers many franchising opportunities. As a franchisee, you could run your own business while receiving expert training and support from an established brand. Keep reading to explore the options in the Chesterfield area. Explore our sectors and brands to find your best options among various franchising opportunities, keeping in mind your personal interests and business objectives.
There are an estimated 105,000 people living in the Chesterfield area. Residents aged 40 to 59 years old make up the prevalent age group in the population. The local labour force consists of 47,300 people, or 72.3% of the total population. With an unemployment rate of 7.9%, recent data indicates that employment in this area is slightly higher than in the rest of the United Kingdom. The annual income in the UK is close to £31,000 on average. The people of Chesterfield earn an average annual salary of £26,339, slightly lower than the national average.
Why the Casual Dining sector might be a good option for you
If you wish to open a business in the Casual Dining sector, take a look at our 15 brands currently recruiting franchisees in the sector. Bear in mind that the Restaurant industry offers many investment opportunities in addition to those in the Casual Dining sector. Have a look through our three Juice Bar franchise, three Frozen Yogurt franchises, 14 Takeaway franchises, five Noodle Bar franchises and three Pub & Bar franchises to see if any suit your career goals and aspirations.
Check out these three business examples
Las Iguanas is a competitive business operating in the Casual Dining sector. The brand is expanding, with 55 outlets already in operation, and a desire to expand further. Starting a Las Iguanas business requires a significant initial investment of £700,000. If you intend to get a loan to cover the startup costs, Las Iguanas asks for a personal investment of at least £350,000. For most franchises, this amount represents 30 to 50% of the total investment. It is thus less appropriate for new investors. You will also need to invest in a large premises to operate this business. If eligible, you might be entitled to financial aid.
Bella Italia is an interesting franchising opportunity in the Casual Dining sector. By joining its current 100 franchisees, you would be joining a growing brand network. This business opportunity requires a substantial initial investment of £700,000. You could get a loan to help cover startup costs, in which case your personal investment will typically need to cover 30 to 50% of the total investment. Bella Italia asks for a minimum personal investment of £350,000. Given these higher startup costs, this opportunity is less suitable 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 assistance.
The Casual Dining sector has many brands worth considering. As a final example, have a look at Shoryu Ramen. By joining its network of 13 franchisees, you could contribute to this brand's success. To start your business, you will need an initial investment of £400,000. 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 usually be required. For Shoryu Ramen, the minimum personal investment is £200,000. It is thus less appropriate for new investors. A small premises will also be required to operate this business. Financial support is available for eligible franchisees. See eligibility details on our website.
If you want to work in the Casual Dining sector, the perfect investment opportunity could be waiting for you among our 15 available franchises in the sector. You will find a total of close to 250 franchise options on Point Franchise. So if you are still looking for the perfect business opportunity, there are still plenty of options for you to explore.
This text was automatically generated in partnership with LabSense, using data provided by NOMIS and the ONS.