Restaurant Franchise opportunities to start in Solihull
Investing in Solihull could be your next move
Have you ever considered opening a franchise in Solihull? This could be your opportunity to manage your own business while receiving comprehensive training and marketing support, since many businesses in the Solihull area are currently recruiting franchisees. Deciding which sector you'd like to work in will lead you to the brands that best suit your needs and business goals.
Recent figures show that 215,000 people live in Solihull. The age group with the highest concentration is 40-59. The economically active population in Solihull amounts to 101,800 people, with an unemployment rate of 3.9%. This rate is in line with the national average. The annual salary in the United Kingdom is close to £31,000 on average. The people of Solihull earn an average annual salary of £36,450, significantly higher than the country's average.
Could the Casual Dining sector be the right choice for you?
In the UK, there are 15 franchises recruiting in the Casual Dining sector. Bear in mind that the Restaurant industry offers many investment opportunities in addition to those in the Casual Dining sector. Have a look through our four Halal franchise, 11 Fast Food franchises, four Pizza franchises, two Burger franchises and two Food Truck franchises to find out if any suit your career goals and aspirations. If you would like to run a business in the Hospitality and Food Services industry, it could be useful to know that companies in the sector currently employ 9,000 people in the Solihull area.
Three franchise business examples worth looking at
There are many interesting franchising options in the Casual Dining sector. Take Café Rouge for example. By joining its current 90 franchisees, you would be joining 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 usually be required. For Café Rouge, the minimum personal investment is £350,000. It is thus less appropriate for new investors. You will also need to invest in a large premises to operate this business. If you make the decision to invest in this franchise, financial aid is available, providing you meet the eligibility criteria.
Wolf is another successful business operating in the Casual Dining sector. By joining its network of four franchisees, you could play a part in this brand's success. You will need an initial investment of £200,000 to start your own Wolf business. Your personal investment should account for at least £100,000 of the total amount. You may want to think about getting a loan to open a business in this sector. 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. By investing in this established brand, you could be eligible for financial assistance.
Finally, Veeno is another interesting franchise option if you plan to invest in the Casual Dining sector. This brand is expanding, counting eight outlets across the United Kingdom. An initial investment of £80,000 will enable you to start 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. Due to the higher startup costs, this option is not advisable for first-time franchisees. You will also need to invest in a large premises to operate this business. By investing in this franchise, you may qualify for financial support. See our website for details.
Eager to read more about business opportunities in the Casual Dining sector? Have a look at our 15 available 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.