Restaurant Franchise opportunities to start in Lincoln
Why should you invest in Lincoln?
If you want to start your own business, you may find that Lincoln has a lot to offer. Many companies are currently looking for franchisees in the Lincoln area. Keep reading to find out if running a franchise could be a good option for you! There are a variety of franchising options available based on your budget and career objectives. Have a look to find the brand that appeals to you most.
According to recent census data, 99,000 people live in Lincoln. Residents aged 20 to 39 years old make up the majority of the population. The local unemployment rate of 6.1% is high compared to the UK average of 4%. The local labour force consists of 50,600 people, representing 78.3% of the population. Across the United Kingdom, the annual gross income is close to £31,000 on average. In the region of Lincoln, it is £24,278.
Why the Casual Dining sector might be a good option for you
There are 15 UK-based franchises available in the Casual Dining sector. The Casual Dining sector is part of the Restaurant industry, which also offers 11 Fast Food franchises, five Sandwich franchises, four Halal franchises, two Food Truck franchises and three Pub & Bar franchises. The right business to suit your career goals and aspirations might just be among them. It may interest you to know that businesses in the Lincoln area currently employ 5,000 people in the Hospitality and Food Services industry.
Three franchise business examples worth looking at
The Casual Dining sector has many franchise opportunities available, such as Bella Italia. There are 100 locations open so far, and the network is expanding. This business requires a substantial initial investment of £700,000. If you plan on getting a loan to cover startup costs, you should anticipate adding a personal investment of 30 to 50% of the total investment as a general rule. The minimal personal investment to open a Bella Italia business is £350,000. Due to the higher startup costs, this option is not advisable for first-time franchisees. Financial assistance can be given in some circumstances.
Another interesting franchise option is Café Rouge. This brand is developing, counting 90 outlets across the United Kingdom. A total of £700,000, a substantial initial investment, is required to start a Café Rouge franchise. You might want to consider getting a loan to cover the startup costs, in which case at least £350,000 of the total investment should come from your personal funds. The higher startup costs make this 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. When investing in this franchise, you could qualify for financial aid.
The Casual Dining sector has many brands worth considering. As a final example, check out Las Iguanas. By joining its current 55 franchisees, you would become a part of a growing brand network. To start your business, you will need an initial investment of £700,000. 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 generally be required. For Las Iguanas, the minimum personal investment is £350,000. Due to the higher startup costs, this option is not recommended for first-time franchisees. A large premises will also be required to operate this business. Financial support is available for eligible franchisees. Visit our website for details.
There are currently 15 new business investment opportunities available in the Casual Dining sector. At Point Franchise, we have almost 250 franchising opportunities available, giving you plenty to choose from in other sectors as well.
This page contains machine-generated content provided by LabSense, using data collected from NOMIS and the ONS.