Restaurant Franchise opportunities to start in Redditch
Investing in a franchise in Redditch
Franchising is a great way to start your own business, while benefitting from the comprehensive support of an established brand. Check out our range of brands in Redditch, located in the Redditch area in the West Midlands, where many companies are currently recruiting. Starting a business should be exciting! Have a look at our selection of franchising opportunities, focusing on the sectors that you feel most passionate about.
According to recent census data, 85,000 people live in Redditch. Residents in the 40-59 age category make up the largest portion of the population. The local unemployment rate of 3.1% is low compared to the UK average of 4%. The local labour force consists of 43,200 people, representing 84.1% of the population. With an average gross annual income of £23,405, salaries in Redditch are lower than the average income of £30,629 across the United Kingdom.
Why the Casual Dining sector might be a good option for you
There are 15 brands currently recruiting franchisees in the Casual Dining sector. If this sector appeals to you, check them out. The Casual Dining sector is a part of the Restaurant industry. Other brands recruiting in this industry include three Juice Bar franchises, four Halal franchises, 14 Takeaway franchises, five Noodle Bar franchises and two Burger franchises. Among these franchising options, there will likely be one that fits your career goals and aspirations.
Three franchises that might interest you
Veeno is a competitive business operating in the Casual Dining sector. You will need to invest £80,000 to open your own Veeno business. At least £35,000 of this 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 large premises to operate this business. By investing in this established brand, you could qualify for financial assistance.
Take a look at Wolf. There are four locations open so far, and the network is expanding. 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. It is thus less appropriate for new investors. A large premises will also be required to operate this business. If you can't cover the startup costs on your own, you could see if you qualify for financial aid.
Lastly, another possibility to consider is Las Iguanas. By joining its network of 55 franchisees, you could contribute to this brand's success. In order to open a Las Iguanas business, a substantial initial investment of £700,000 is required. If you plan on getting a loan to cover the startup costs, you will generally need to cover 30 to 50% of the total investment yourself. Las Iguanas requires a personal investment of at least £350,000. Due to the higher startup costs, this option is not recommended for first-time franchisees. You will also need to invest in a large premises to operate this business. If eligible, you might be entitled to financial aid. See eligibility details on our website.
If you are interested in the Casual Dining sector and would like to know more about its available franchising options, explore the 15 companies currently recruiting franchisees in the sector. If you're interested in exploring franchising options in other sectors, Point Franchise has almost 250 brands to choose from.
NOMIS and the ONS provided the data shown on this page. This text was automatically generated by LabSense.