Restaurant Franchise opportunities to start in Torquay
What can Torquay offer to new businesses?
Torquay, located in the South West, has many opportunities for people looking to start their own business. There are several brands currently recruiting franchisees in the Torbay area. This could mean working for yourself while receiving the comprehensive support of an established brand. If you already know which line of work you'd like to pursue, look into our franchise options in that sector. If not, have a look and see what other options catch your eye. We have brands to suit many different interests and career objectives.
According to recent census data, 136,000 people live in Torbay. The most represented age group is 60+ years old. Approximately 59,400 people are economically active in the area, representing 78.1% of the population. The unemployment rate (4.1%) is comparable to the national average (4%). The average annual income across the UK is just over £30,500. With a gross salary averaging £23,343, residents of Torbay have a lower salary than the national average.
Does the Casual Dining sector appeal to you?
The Casual Dining sector currently offers 15 franchise opportunities. If this sector appeals to you, take a look at our options. In fact, we have a wide range of options in the Restaurant industry including the franchises in the Casual Dining sector. You can choose from 15 Restaurant franchises, two Burger franchises, three Juice Bar franchises, two Bubble Tea franchises and four Halal franchises today. If you would like to run a business in the Hospitality and Food Services industry, it could be useful to know that companies in the industry currently employ 8,000 people in the Torbay area.
Three examples of available franchise business opportunities
If you are interested in starting a business in the Casual Dining sector, Bella Italia could be an option for you. By joining its current 100 franchisees, you would become a part of a growing brand network. Opening a Bella Italia business requires a significant 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. Eligible candidates may apply for financial assistance.
The Casual Dining sector has many brands worth considering. Check out Veeno. By joining its network of eight franchisees, you could contribute to this brand's success. Opening a Veeno business requires an initial investment of £80,000. If you plan on getting a loan to cover the startup costs, Veeno asks for a personal investment of at least £35,000. For most franchises, this amount represents 30 to 50% of the total investment. 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. You could also benefit from financial aid, if eligible.
Lastly, Wolf is another competitive brand operating in the Casual Dining sector. To open your own Wolf franchise, you will need to invest £200,000, of which at least £100,000 should be your own personal investment. You could apply for a loan to help cover the remaining startup costs. Due to the higher startup costs, this option is not recommended 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 qualify for financial aid. Visit our website for more information.
If you would like to know more about franchise opportunities in the Casual Dining sector, have a look through our 15 available options. If you're interested in exploring investment options in other sectors, we've got a total of 236 franchising opportunities to choose from on Point Franchise.
This page contains data provided by NOMIS and the ONS. This content was automatically generated by LabSense.