Restaurant Franchise opportunities to start in Portsmouth
Opening a franchise business in Portsmouth
Located in South East England, Portsmouth 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 Portsmouth and take the first step towards running your own business. Browse our extensive possibilities in order to find the right franchise for you, and you'll be one step closer to starting your own business.
A recent census found that 215,000 people live in Portsmouth. The most prevalent age group in the population falls within the 20-39 age bracket. The labour force in Portsmouth amounts to 106,700 people, with an unemployment rate of 4.1%. This rate is in line with the national average. Residents in the area earn £25,913 per year on average. This income is slightly lower than the country's average gross salary, which reaches £30,629.
Why the Casual Dining sector might be a good option for you
In the United Kingdom, there are 15 franchises recruiting in the Casual Dining sector. The Casual Dining sector is actually part of the Restaurant services sector which offers a wider selection. There are currently four Halal franchises, 14 Takeaway franchises, two Chicken franchises, five Sandwich franchises and nine Coffee, Cafe & Coffee Shop franchises recruiting at this time. Amongst these options, there is likely to be one to suit your career goals and aspirations. In Portsmouth, there are currently 9,000 people working in the Hospitality and Food Services industry, so you would become a part of an established business community.
Want to know more? Read about these three brands
If you are interested in running a business in the Casual Dining sector, read about Wolf. The brand is growing, with four outlets already in operation, and a desire to expand further. You will need an initial investment of £200,000 to start your own Wolf business. Your personal investment should account for at least £100,000 of the total amount. You may want to consider getting a loan to start a business in this sector. 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. If you make the decision to invest in this franchise, financial assistance is available, providing you meet the eligibility criteria.
Another interesting franchise option is Las Iguanas. By joining its network of 55 franchisees, you could play a part in this brand's success. Starting a Las Iguanas franchise will require you to invest a minimum of £700,000. At least £350,000 of this should come from your own personal 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. If eligible, you might be able to benefit from financial aid.
Finally, Bella Italia is another interesting brand operating in the Casual Dining sector. To start your own Bella Italia 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. Financial aid can be given in some circumstances. See our website for more information.
Many businesses are already operating in the Casual Dining sector. We currently have 15 franchise options available in the sector. If this sector doesn't suit your needs, don't worry. Point Franchise offers close to 250 franchise options across a range of sectors to help you find your perfect business opportunity.
This text was automatically generated in partnership with LabSense, using data collected from NOMIS and the ONS.