Restaurant Franchise opportunities to start in Plymouth
Opening a franchise business in Plymouth
You could start your own business by becoming a franchisee in Plymouth. There are a number of opportunities to choose from in Plymouth, located in the South West. Have a look at our selection of brands and start running your own business with a team behind you. By exploring the sectors that appeal to you the most, you will find the brands that best suit your interests and career goals.
The Plymouth area has 263,000 residents. Residents in the 20-39 age category make up the largest portion of the population. The community has a 4.6% unemployment rate, which is slightly higher than the national average of 4%. Overall, the region's labour force consists of 129,300 people or 77.6% of the total population. Plymouth has an average annual income of £24,371, which is lower than the national average salary of £30,629.
Have you considered the Casual Dining sector?
Are you interested in running your own business in the Casual Dining sector? Take a look at our 15 franchise options available in this sector. Could a starting business in the Casual Dining sector, or in the Restaurant industry more widely, help you reach your career goals and aspirations? Take a look at the three Frozen Yogurt franchises, 15 Restaurant franchises, five Sandwich franchises, three Pub & Bar franchises and two Food Truck franchises recruiting at this time. Opening a business is not a simple feat, but becoming a franchisee makes managing your own business much more feasible. The Plymouth 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 9,000 people. So, what is stopping you from starting your own business in Plymouth today?
Three franchise business examples worth looking at
If you are interested in starting a business in the Casual Dining sector, Café Rouge could be an option for you. By joining its 90 franchises already in operation, you could contribute to this company's expansion. Starting a Café Rouge business requires a significant initial investment of £700,000. At least £350,000 should come from your own personal investment. It is thus less appropriate for new investors. A large premises will also be required to operate this business. You may be eligible for financial aid.
Another option to consider is Las Iguanas. This brand is expanding, counting 55 outlets across the country. A total of £700,000, a substantial initial investment, is required to open a Las Iguanas franchise. You might want to consider getting a loan to cover the startup costs, in which case at least £350,000 of the total investment should come from your personal funds. 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. An investment in this franchise entitles you to financial assistance, if eligible.
Finally, another brand worth considering is Wolf. By joining its network of four franchisees, you could contribute to this brand's success. In order to start a Wolf business, a significant initial investment of £200,000 is required. If you plan on getting a loan to cover the startup costs, you will generally need to cover 30 to 50% of the total investment yourself. Wolf requires a personal investment of at least £100,000. It is thus less appropriate for new investors. You will also need to invest in a large premises to operate this business. Also, if you can't afford the startup costs on your own, you may qualify for financial support. See our website for more information.
There are currently 15 available investment opportunities in the Casual Dining sector. Check out these businesses to see if there's a good fit for you. 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 provided by NOMIS and the ONS. This content was machine-generated in partnership with LabSense.