Restaurant Franchise opportunities to start in Newark-on-Trent
Is Newark-on-Trent a good place to become a franchisee?
Are you thinking about opening a franchise? Newark-on-Trent, in the East Midlands, could have a lot to offer. By becoming a franchisee, you could benefit from training and marketing support from an established brand while running your own business. Have a look at the brands currently recruiting in Newark and Sherwood. Explore our extensive possibilities in order to find the right franchise for you, and you'll be one step closer to opening your own business.
There are 122,000 people in the Newark and Sherwood region. The most prevalent age group in the population is over 60 years old. The local unemployment rate of 6% is high compared to the national average of 4%. The local labour force consists of 57,000 people, making up 77.9% of the population. Newark and Sherwood has an average annual income of £28,564, which is slightly lower than the national average salary of just over £30,500.
Business opportunities in the Casual Dining sector
There are 15 brands offering franchise options in the Casual Dining sector. The Casual Dining sector is part of the Restaurant services sector, which also offers four Halal franchises, 14 Takeaway franchises, three Frozen Yogurt franchises, 11 Fast Food franchises and nine Coffee, Cafe & Coffee Shop franchises. The perfect business to suit your career goals and aspirations might just be among them. If you are thinking about starting a business in Hospitality and Food Services, Newark and Sherwood could be a good place to do it. Indeed, 6,000 people have already made the decision to work in this industry in the Newark and Sherwood area.
Take a look at these three business examples
Bella Italia is a competitive brand operating in the Casual Dining sector. The brand is growing, with 100 outlets currently in operation, and a desire to expand further. Opening a Bella Italia 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. Eligible candidates may apply for financial assistance.
Shoryu Ramen is another successful brand operating in the Casual Dining sector. By joining its network of 13 franchisees, you could contribute to this brand's success. Opening a Shoryu Ramen business requires a substantial initial investment of £400,000. At least £200,000 should come from your own personal investment. Given these higher startup costs, this opportunity is less suitable for first-time franchisees. You will also need to invest in a small premises to operate this business. You could also receive financial aid, if eligible.
As a final Casual Dining franchise option, check out Veeno. By joining its current eight franchisees, you would be joining a growing brand network. In order to open a Veeno business, an initial investment of £80,000 is required. If you plan on getting a loan to cover the startup costs, you will typically need to cover 30 to 50% of the total investment yourself. Veeno asks for a personal investment of at least £35,000. 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. If you can't afford the startup costs on your own, you may be eligible for financial aid. Visit our website for more information.
There are currently 15 available franchising opportunities in the Casual Dining sector. Have a look at these brands to find out if there's a good fit for you. On Point Franchise, there is plenty of choice in other sectors too. We have close to 250 new business investment opportunities in total to choose from.
Data on this page was collected from NOMIS and the ONS. This content was machine-generated in partnership with LabSense.