Restaurant Franchise opportunities to start in Loughton

What to consider when opening a business in Loughton

Loughton, located in the South East of England, has many opportunities for people looking to start their own business. There are many brands currently recruiting franchisees in the Milton Keynes area. This could mean working for yourself while benefiting from the comprehensive support of an established brand. Explore our various franchising opportunities to discover the sectors and brands that most appeal to you.

Approximately 269,000 people currently live in Milton Keynes. The 0-19 age range makes up the majority of the population. The local labour force includes 140,300 people, or 82.2% of the total population. With an unemployment rate of 4.8%, recent data indicates that employment in this area is slightly higher than in the rest of the UK. Milton Keynes has an average annual salary of £32,644, which is slightly higher than the national average income of £30,629.

Running a Casual Dining franchise business

If you're considering becoming a franchisee in the Casual Dining sector, check out our 15 franchise options currently available in the sector. The Casual Dining sector is just one example of the options available in the Restaurant sector. Other options include five Sandwich franchises, four Halal franchises, three Pub & Bar franchises, two Bubble Tea franchises and two Burger franchises. Have a browse, the perfect business opportunity for you could be a few clicks away.

Three examples of available franchise business possibilities

If you plan to invest in the Casual Dining sector, Las Iguanas could be a good option. This brand is developing, counting 55 outlets in the UK. To start your own Las Iguanas franchise, you will need to invest £700,000, of which at least £350,000 should be your own personal investment. You could get a loan to help cover the remaining startup costs. Given these higher startup costs, this is 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. Also, if you can't afford the startup costs alone, you may be able to benefit from financial aid.

Shoryu Ramen is another successful brand operating in the Casual Dining sector. The brand is expanding, with 13 locations already in operation, and a desire to expand further. In order to open a Shoryu Ramen business, a substantial initial investment of £400,000 is required. If you plan on getting a loan to cover the startup costs, you will usually need to cover 30 to 50% of the total investment yourself. Shoryu Ramen requires a personal investment of at least £200,000. It is thus less appropriate for new investors. You will also need to invest in a small premises to operate this business. If you can't afford the startup costs on your own, you may qualify for financial assistance.

As a final Casual Dining franchise option, take a look at Bella Italia. There are 100 locations open so far, and the network is expanding. A significant initial investment of £700,000 will enable you to start your own Bella Italia business. In most cases, your personal investment should represent 30 to 50% of the total amount. Bella Italia requires you to personally invest at least £350,000. You could potentially apply for 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. If you can't cover the startup costs on your own, you may be eligible for financial aid. Visit our website for details.

The Casual Dining sector currently has 15 franchising opportunities. Point Franchise currently has a total of almost 250 brands recruiting franchisees across a variety of sectors. Have a look to see which other sectors you might want to invest in.

This page contains data collected from NOMIS and the ONS. This content was automatically generated by LabSense.