Restaurant Franchise opportunities to start in Smethwick
Smethwick could be home to your new business
Discover the franchise options waiting for you in Smethwick, situated in the West Midlands. On this page you'll find a selection of brands recruiting franchisees in the Sandwell area. Franchising is an opportunity to manage your own business, complete with training and marketing support. Why not have a browse through our selection of franchising options? There are opportunities to suit many needs and business goals.
Recent figures show that Sandwell has a population of 327,000 residents. The population's most prevalent age group is made up of 20-39 year olds. Sandwell has an unemployment rate of 5.3% within its labour force of 153,400 people. This rate is high compared to the UK average. Sandwell has an average annual salary of £23,823. This salary is lower than the rest of the UK, which has an average income of just over £30,500.
Running a Casual Dining franchise business
There are 15 UK-based franchises available in the Casual Dining sector. This is just one of the sectors you could choose within the Restaurant services sector. There are also 11 Fast Food franchises, nine Coffee, Cafe & Coffee Shop franchises, five Sandwich franchises, two Bubble Tea franchises and three Pub & Bar franchises. Have a look and see if any are a good fit for you. Opening a business is not a simple feat, but becoming a franchisee makes running your own business much more feasible. The Sandwell area offers plenty of opportunities for starting a new and exciting business venture of your own. The Hospitality and Food Services industry is a busy one in the region, already employing 5,000 people. So, what is stopping you from starting your own business in Sandwell today?
Here are three examples of franchise businesses
The Casual Dining sector has many franchise options available, such as Veeno. By joining its network of eight franchisees, you could play a part in this brand's success. An initial investment of £80,000 will enable you to open your own Veeno business. In most cases, your personal investment should represent 30 to 50% of the total amount. Veeno requires you to personally invest at least £35,000. You could potentially get a loan to cover the remaining costs. 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. You could also benefit from financial assistance, if eligible.
You could also consider Shoryu Ramen. This brand is expanding, counting 13 locations across the UK. Starting a Shoryu Ramen business requires a significant initial investment of £400,000. At least £200,000 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 small premises to operate this business. Also, if you can't afford the startup costs on your own, you may qualify for financial assistance.
Las Iguanas is a third interesting franchising opportunity in the Casual Dining sector. The brand is developing, with 55 outlets already in operation, and a desire to expand further. You will need to invest £700,000 to begin operating your own Las Iguanas business, which is a substantial initial investment. Your personal investment should account for at least £350,000 of the total amount. Due to the higher startup costs, this option is not advisable for first-time franchisees. A large premises will also be required to operate this business. An investment in this franchise entitles you to financial aid, if eligible. See our website for more information.
There are currently 15 available investment opportunities in the Casual Dining sector. Have a look at these brands to find out if there's a good fit for you. Point Franchise currently has a total of almost 250 brands recruiting franchisees across a variety of sectors. Have a browse to see which other sectors you might want to invest in.
This text was automatically generated in partnership with LabSense, using data collected from NOMIS and the ONS.