Restaurant Franchise opportunities to start in Banbury
Banbury and its prospects for new Businesses
You could open your own business by becoming a franchisee in Banbury. Cherwell, located in the South East of England, offers a number of new business investment opportunities. On this page, you'll find a range of brands looking for franchisees. Deciding which sector you'd like to work in will lead you to the businesses that best suit your needs and career objectives.
There are 149,000 people living in the Cherwell area. The majority of the population sits within the 40-59 age group. With an average gross annual income of £32,464, salaries in Cherwell are slightly higher than the average salary of close to £31,000 across the United Kingdom.
The Casual Dining sector could be the right choice for you
There are currently 15 opportunities to invest in the Casual Dining sector. If you would like to operate a business in this sector, keep reading. The Casual Dining sector is part of the Restaurant industry, which also offers three Frozen Yogurt franchises, five Noodle Bar franchises, 14 Takeaway franchises, two Bubble Tea franchises and four Pizza franchises. The right business to suit your career goals and aspirations might just be among them. Interesting fact: companies in Hospitality and Food Services employ 6,000 people in the Cherwell area. This could be your opportunity to start a successful business of your own!
Here are three examples of franchise businesses
If you are interested in starting a business in the Casual Dining sector, Bella Italia could be an option for you. By joining its current 100 franchisees, you would be joining a growing brand network. Starting a Bella Italia business requires a significant initial investment of £700,000. If you plan on getting a loan to cover the startup costs, Bella Italia asks for a personal investment of at least £350,000. For most franchises, this amount represents 30 to 50% of the total investment. 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. You will have all the guidance you need to manage your business thanks to the training and support provided by Bella Italia. And if you can't cover the startup costs on your own, you may qualify for financial aid.
Shoryu Ramen is another successful business operating in the Casual Dining sector. There are 13 outlets open so far, and the network is expanding. You will need to invest £400,000 to open your own Shoryu Ramen business. At least £200,000 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. A small premises will also be required to operate this business. Investing in Shoryu Ramen entitles you to all the guidance, training and support you need to run your business effectively. And if you can't afford the startup costs on your own, you may be eligible for financial assistance.
As a final example, have a look at Wolf. This brand is expanding, counting four locations in the United Kingdom. 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 start a Wolf business is £100,000. Due to the higher startup costs, this option is not recommended for first-time franchisees. A large premises will also be required to operate this business. If you are unsure about starting your own business, taking on an established franchise could be the solution. Wolf provides full training and support, ensuring that its franchisees are well-equipped to succeed. Also, if you can't afford the startup costs on your own, you may qualify for financial support. See our website for more information.
If you are interested in the Casual Dining sector and would like to know more about its available franchising options, look into the 15 companies currently recruiting franchisees in the sector. You will find a total of close to 250 franchise possibilities here on Point Franchise. So if you haven't settled on one sector yet, take your time and explore all the options.
Data on this page was collected from NOMIS and the ONS. This content was machine-generated in partnership with LabSense.