Restaurant Franchise opportunities to start in Nottingham
Opening a franchise business in Nottingham
Nottingham, 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 Nottingham area. Check out our various franchising options to find the sectors and brands that most appeal to you.
The Nottingham area has 331,000 residents. The 20-39 age group is the most represented within the population. Approximately 155,900 people are economically active in the region, representing 69.5% of the population. The unemployment rate (8%) is high compared to the UK average (4%). Residents of Nottingham have an annual average income of £24,333. In comparison, the average gross salary in the UK is close to £31,000.
Running a franchise in the Casual Dining sector
There are 15 franchises in the Casual Dining sector to choose from. This is just one of the sectors you could choose within the Restaurant sector. There are also 14 Takeaway franchise, two Bubble Tea franchises, three Pub & Bar franchises, nine Coffee, Cafe & Coffee Shop franchises and four Halal franchises. Have a browse and see if any are a good fit for you.
Want to know more? Read about these three brands
If you like the idea of opening a franchise in the Casual Dining sector, Shoryu Ramen could be an option for you. There are 13 location open so far, and the network is expanding. 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. Due to the higher startup costs, this option is not recommended for first-time franchisees. Financial aid can be given in some circumstances.
Wolf is another interesting brand operating in the Casual Dining sector. 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 apply for 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. 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 Café Rouge. By joining its current 90 franchisee, you would become a part of a growing brand network. Starting a Café Rouge franchise will require you to invest a minimum of £700,000. At least £350,000 of this should come from your own personal investment. Given these higher startup costs, this is an opportunity best suited for most established franchisees with greater access to financial resources. You will also need to invest in a large premises to operate this business. Also, if you can't afford the startup costs on your own, you may qualify for financial support. Visit our website for more information.
There are currently 15 new business investment opportunities available in the Casual Dining sector. But you also have plenty of investment possibilities in other sectors as well, including more than 232 franchising opportunities available on Point Franchise.
This text was automatically generated in partnership with LabSense, using data collected from NOMIS and the ONS.