Restaurant Franchise opportunities to start in Cheltenham
Cheltenham: A great location to start a business
Many brands are currently looking for franchisees in Cheltenham, located in South West England. By becoming a franchisee, you could run your own business while receiving comprehensive training and marketing assistance. Keep reading to explore the options in the Cheltenham area. Check out our different franchising options to find the sectors and brands that most appeal to you.
Recent figures show that Cheltenham has a population of 117,000 residents. The 20-39 age group is the most represented within the population. The 3.8% unemployment rate among the 64,100 economically active people in the area is in line with the national average. Across the United Kingdom, the average gross income is just over £30,500. In the Cheltenham area, it amounts to £36,162.
What the Casual Dining sector could offer you
There are currently 15 opportunities to invest in the Casual Dining sector. If you would like to operate a business in this field, keep reading. The Casual Dining sector is part of the Restaurant services sector which offers a wide selection of interesting options. These include three Juice Bar franchises, five Noodle Bar franchises, five Sandwich franchises, 14 Takeaway franchises and three Frozen Yogurt franchises. See if any catch your eye. If you're interested in the Hospitality and Food Services industry, you're not alone. In Cheltenham, 6,000 people currently work in the industry.
Check out three available franchise opportunities
If you would like to invest in a Casual Dining business, you could consider Las Iguanas. By joining its current 55 franchisees, you would be joining a growing brand network. This business requires a substantial initial investment of £700,000. If you intend to get 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 start a Las Iguanas business is £350,000. 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. By investing in this franchise, you may be eligible for financial support.
Veeno is another successful brand operating in the Casual Dining sector. The brand is growing, with eight outlets currently in operation, and a desire to expand further. You will need an initial investment of £80,000 to open your own Veeno business. Your personal investment should account for at least £35,000 of the total amount. You may want to think about getting a loan to start a business in this sector. 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. If you can't afford the startup costs on your own, you may qualify for financial aid.
Finally, Wolf is another interesting option. There are four locations open so far, and the network is expanding. A total of £200,000, a substantial initial investment, is required to open a Wolf franchise. You might want to consider getting a loan to cover the startup costs, in which case at least £100,000 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. An investment in this franchise entitles you to financial aid, if eligible. See our website for details.
The Casual Dining sector offers many interesting franchising opportunities, including our 15 franchise options. If you're curious about investment options in other sectors, we've got a total of almost 250 franchising opportunities to choose from on Point Franchise.
This text was automatically generated in partnership with LabSense, using data provided by NOMIS and the ONS.