Restaurant Franchise opportunities to start in Basingstoke
What to consider when starting a franchise in Basingstoke
Would you like to run your own business? Basingstoke, located in South East England, could be a good place to start. There are many businesses currently recruiting franchisees in the Basingstoke and Deane area. Franchising gives you the opportunity to manage your own business while benefitting from the support of an established brand. Why not have a look through our selection of franchising options? There are opportunities to suit various needs and career goals.
The Basingstoke and Deane area has a population of 176,000 people. The 40-59 age range has the highest concentration in the population. The community has 94,900 economically active people, representing 85.1% of the population, with an unemployment rate of 2.5%. This rate is significantly lower than the country's 4% national average. The UK's annual average salary is just over £30,500. Salaries in Basingstoke and Deane are higher in comparison, averaging £34,367 a year.
What the Casual Dining sector could offer you
If you wish to open a business in the Casual Dining sector, check out our 15 brands currently recruiting franchisees in the field. There are also 14 Takeaway franchises, five Noodle Bar franchises, two Bubble Tea franchises, three Juice Bar franchises and 11 Fast Food franchises recruiting franchisees in the Restaurant industry, alongside the Casual Dining options. Have a browse to find out whether any fit your career goals and aspirations. Opening a business is not a simple feat, but becoming a franchisee makes running your own business much more feasible. The Basingstoke and Deane region offers plenty of opportunities for starting a new and exciting business venture of your own. The Hospitality and Food Services industry is a busy one in the region, already employing 4,500 people. So, what is stopping you from starting your own business in Basingstoke and Deane today?
Three brands worth your attention
If you would like to invest in the Casual Dining sector, Las Iguanas could be a good option. By joining its network of 55 franchisees, you could contribute to this brand's success. This business requires a substantial initial investment of £700,000. 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 Las Iguanas business 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 can't afford the startup costs on your own, you could see if you qualify for financial aid.
Another option to consider is Bella Italia. By joining its current 100 franchisees, you would become a part of a growing brand network. Starting a Bella Italia business requires a substantial initial investment of £700,000. At least £350,000 should come from your own personal investment. 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. You may be eligible for financial assistance.
The Casual Dining sector has many brands worth considering. As a final example, have a look at Veeno. By joining its eight franchises already in operation, you could contribute to this company's expansion. In order to start a Veeno business, an initial investment of £80,000 is required. If you plan on getting a loan to cover the startup costs, you will typically need to cover 30 to 50% of the total investment yourself. Veeno asks for a personal investment of at least £35,000. It is thus less appropriate for new investors. A large premises will also be required to operate this business. If you can't cover the startup costs on your own, you may qualify for financial aid. Visit our website for more information.
There are currently 15 new business investment opportunities available in the Casual Dining sector. If you are still not sure which sector best suits your needs, have a look through our selection of 236 franchising opportunities across various sectors on Point Franchise.
NOMIS and the ONS provided the data shown on this page. This text was automatically generated by LabSense.