Restaurant Franchise opportunities to start in Northampton
Why should you invest in Northampton?
Located in the East Midlands, Northampton is an area with business opportunities on the rise. If working as your own boss with a team behind you sounds appealing, take a look at our franchising opportunities in Northampton and take the first step towards managing your own business. Exploring our range of brands and sectors will allow you to pinpoint the type of business that is right for you.
A recent census found that 225,000 people live in Northampton. The population's most prevalent age group is made up of 20-39 year olds. Northampton has an unemployment rate of 5.1% within its labour force of 120,300 people. This rate is high compared to the UK average. Northampton has an average annual salary of £29,501. This salary is in line with the rest of the United Kingdom, which has an average income of close to £31,000.
The Casual Dining sector and its franchising options
Are you interested in the Casual Dining sector? You're likely to find a franchise worth considering among 15 brands across the country. In addition to the business opportunities in the Casual Dining sector, the Restaurant sector offers two Food Truck franchises, 11 Fast Food franchises, three Pub & Bar franchises, four Pizza franchises and five Noodle Bar franchises. Have a look at the brands to see if your perfect match is among them. In Northampton, there are currently 7,000 people employed in the Hospitality and Food Services industry, so you would become a part of an established business community.
Check out three available franchise options
If you'd like to open your own Casual Dining business, Bella Italia might be a great option for you. By joining its network of 100 franchisees, you could contribute to this brand's success. Starting a Bella Italia business requires a substantial initial investment of £700,000. At least £350,000 should come from your own personal investment. 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. You may qualify for financial aid.
You could also consider Las Iguanas. By joining its 55 franchises already in operation, you could contribute to this company's expansion. A substantial initial investment of £700,000 will enable you to open your own Las Iguanas business. In most cases, your personal investment should represent 30 to 50% of the total amount. Las Iguanas requires you to personally invest at least £350,000. You could potentially apply for a loan to cover the remaining costs. Given these higher startup costs, this opportunity is less suitable for first-time franchisees. A large premises will also be required to operate this business. Eligible candidates may apply for financial assistance.
As a final example, check out Veeno. This brand is developing, counting eight locations in the United Kingdom. To open your own Veeno franchise, you will need to invest £80,000, of which at least £35,000 should be your own personal investment. You could get a loan to help cover the remaining startup costs. Due to the higher startup costs, this option is not advisable for first-time franchisees.
The Casual Dining sector offers many interesting investment opportunities, including our 15 franchise options. On Point Franchise, there is plenty of choice in other sectors as well. We have close to 250 new business investment opportunities in total to choose from.
Data on this page was collected from NOMIS and the ONS. This content was machine-generated in partnership with LabSense.