Restaurant Franchise opportunities to start in Worcester
What to know before opening a franchise in Worcester
You could start your own business by becoming a franchisee in Worcester. There are a number of franchise options to choose from in Worcester, located in the West Midlands. Check out our range of brands and start managing your own business with a team behind you. Starting a business should be exciting! Explore our selection of franchising options, starting with the sectors that you feel most passionate about.
Recent figures show that Worcester has a population of 102,000 residents. The most represented age group is 20-39 years of age. The local labour force consists of 54,500 people, or 81.7% of the total population. With an unemployment rate of 1.8%, recent data indicates that employment in this area is significantly lower than in the rest of the UK. Residents in the area earn £27,563 per year on average. This income is slightly lower than the national average gross salary, which reaches close to £31,000.
Business opportunities in the Casual Dining sector
Are you interested in the Casual Dining sector? You're likely to come across a franchise worth considering among 15 brands across the country. The Casual Dining sector is part of the Restaurant sector, which also offers five Sandwich franchises, four Pizza franchises, 15 Restaurant franchises, five Noodle Bar franchises and nine Coffee, Cafe & Coffee Shop franchises. The right business to suit your career objectives and aspirations might just be among them. You may be interested to know that companies in the Worcester area currently employ 3,000 people in the Hospitality and Food Services industry.
Read about these three brands to see what franchise options exist
If you're interested in the Casual Dining sector, take a look at Las Iguanas. The brand is developing, with 55 outlets currently in operation, and a desire to expand further. To start your own Las Iguanas franchise, you will need to invest £700,000, of which at least £350,000 should be your own personal investment. You could get 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. Financial assistance is available for eligible franchisees.
Have a look at Wolf, another competitive Casual Dining franchise. This brand is growing, counting four locations across the UK. Starting a Wolf business requires a significant initial investment of £200,000. If you intend to get a loan to cover the startup costs, Wolf asks for a personal investment of at least £100,000. For most franchises, this amount represents 30 to 50% of the total investment. The higher startup costs make this 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 could find out if you qualify for financial aid.
Lastly, another possibility to consider is Shoryu Ramen. By joining its network of 13 franchisees, you could play a part in this brand's success. Opening a Shoryu Ramen business requires a significant initial investment of £400,000. At least £200,000 should come from your own personal investment. 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 small premises to operate this business. By investing in this established brand, you could qualify for financial aid. See our website for more information.
If you would like to know more about franchise opportunities in the Casual Dining sector, have a browse through our 15 available options. You will find a total of 236 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 page contains data collected from NOMIS and the ONS. This content was automatically generated by LabSense.