Restaurant Franchise opportunities to start in Hinckley
Starting a new business in Hinckley
Discover the business options waiting for you in Hinckley, situated in the East Midlands. On this page you'll find a selection of brands that could make you a franchisee in the Hinckley and Bosworth area. Becoming a franchisee would allow you to run your own business and benefit from comprehensive support. There are a number of new business investment opportunities available based on your budget and career objectives. Have a look to find the brand that appeals to you most.
Hinckley and Bosworth has a population of approximately 112,000 people. Residents aged 40 to 59 years old are the most represented within the population. The 3.7% unemployment rate among 60,800 economically active people in the region is in line with the national average. The UK's annual average income is £30,629. Salaries in Hinckley and Bosworth are slightly lower in comparison, averaging £27,471 a year.
Why start a franchise in the Casual Dining sector?
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. Multiple brands offer franchise options in other sectors within the Restaurant industry. For instance, there are two Chicken franchises, 15 Restaurant franchises, four Halal franchises, two Burger franchises and four Pizza franchises. You'll find options to suit many different 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 industry currently employ 3,000 people in the Hinckley and Bosworth area.
Three franchise business examples worth looking at
The Casual Dining sector offers a range of brands to choose from, including Wolf. By joining its four franchises already in operation, you could contribute to this brand's expansion. This business requires a substantial initial investment of £200,000. 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 open a Wolf business is £100,000. 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. If you can't afford the startup costs on your own, you could see if you qualify for financial aid.
Another brand worth considering is Café Rouge. There are 90 outlets open so far, and the network is expanding. You will need to invest £700,000 to start your own Café Rouge business. At least £350,000 of this substantial amount should come from your own personal investment. Due to the higher startup costs, this option is not advisable for first-time franchisees.
Finally, Las Iguanas is another interesting option. This brand is developing, counting 55 locations in the UK. Opening a Las Iguanas business requires a substantial initial investment of £700,000. At least £350,000 should come from your own personal investment. It is thus less appropriate for new investors. A large premises will also be required to operate this business. You could also benefit from financial assistance, if eligible. See our website for more information.
If you are interested in the Casual Dining sector and want to discover more franchising opportunities, check out the 15 brands available in this sector. Don't forget that we offer new business investment ranges across a variety of sectors on Point Franchise. If you're still looking for the perfect match, just explore our option of almost 250 franchising possibilities.
Data on this page was provided by NOMIS and the ONS. This content was machine-generated in partnership with LabSense.