Restaurant Franchise opportunities to start in Reading
What to consider when starting a business in Reading
Have you ever considered opening a franchise in Reading? This could be your opportunity to run your own business while benefiting from comprehensive training and marketing support, since many brands in the Reading area are currently recruiting franchisees. To start off with, look for the line of work that appeals to you the most. This is a quick way to find the franchise best suited to you.
Reading has a population of approximately 163,000 people. The most prevalent age group in the population is 20 to 39 years old. Unemployment affects 4% of the UK population. With a rate of 3%, unemployment in this area is lower than the national average. The economically active population amounts to 90,700 people, representing 81.7% of the population. The United Kingdom's annual average salary is close to £31,000. Salaries in Reading are slightly higher in comparison, averaging £32,730 a year.
The Casual Dining sector and its franchising options
Are you interested in the Casual Dining sector? You're likely to come across a franchise worth considering among 15 brands across the country. The Casual Dining sector is actually part of the Restaurant sector which offers a wider selection. There are currently nine Coffee, Cafe & Coffee Shop franchises, four Halal franchises, two Food Truck franchises, two Chicken franchises and two Bubble Tea franchises recruiting at this time. Amongst these opportunities, there is likely to be one to suit your career goals and aspirations. Many companies in Reading already work in the Hospitality and Food Services industry, which employs 6,000 people. You would be joining a well-established business community.
Want to know more? Read about these three brands
If you would like to invest in the Casual Dining sector, Veeno could be a good option. By joining its current eight franchisees, you would become a part of a growing brand network. To start your business, you will need an initial investment of £80,000. If you intend to get a loan to cover the costs of opening a franchise, a personal investment of 30 to 50% of the total amount will usually be required. For Veeno, the minimum personal investment is £35,000. Given these higher startup costs, this is an opportunity best suited for most established franchisees with greater access to financial resources. You will also need to invest in a large premises to operate this business. Financial support is available for eligible franchisees.
Another interesting franchising opportunity is Wolf. By joining its network of four franchisees, you could contribute to this brand's success. You will need to invest £200,000 to begin operating your own Wolf business, which is a significant initial investment. Your personal investment should account for at least £100,000 of the total amount. Given these higher startup costs, this opportunity is less suitable 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 could find out if you qualify for financial assistance.
As a final Casual Dining franchise option, have a look at Shoryu Ramen. There are 13 locations open so far, and the network is expanding. In order to start a Shoryu Ramen business, a significant initial investment of £400,000 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. Shoryu Ramen requires a personal investment of at least £200,000. Due to the higher startup costs, this option is not advisable for first-time franchisees. You will also need to invest in a small premises to operate this business. Also, if you can't afford the startup costs on your own, you may qualify for financial support. See eligibility details on our website.
The Casual Dining sector offers 15 franchising opportunities. If this sector doesn't suit your needs, don't worry. Point Franchise offers 236 franchise options across a range of sectors to help you find your perfect business opportunity.
This page contains machine-generated content provided by LabSense, using data collected from NOMIS and the ONS.