Restaurant Franchise opportunities to start in Exmouth
Starting a new business in Exmouth
Exmouth, located in South West England, offers a variety of new business investment options, especially if you like working for yourself but not on your own. Learn more about our franchising possibilities here. You might just find the right brand for starting your own business in the East Devon area. By browsing the sectors that appeal to you the most, you will find the brands that best suit your interests and business goals.
Recent figures show that East Devon has a population of 144,000 residents. The majority of residents are aged over 60 years old. East Devon has an average annual income of £26,974, which is slightly lower than the national average salary of just over £30,500.
Why the Casual Dining sector appeals to franchisees
Across the UK, there are currently 15 opportunities to open your own franchise in the Casual Dining sector. The Casual Dining sector is actually part of the Restaurant sector which offers a wider selection. There are currently two Bubble Tea franchises, 11 Fast Food franchises, two Chicken franchises, five Noodle Bar franchises and three Juice Bar franchises recruiting at this time. Amongst these opportunities, there is likely to be one to suit your career goals and aspirations. The Hospitality and Food Services industry provides employment for many people. In East Devon, businesses currently employ 6,000 people in the field.
Three franchises that could interest you
If you're interested in the Casual Dining sector, take a look at Bella Italia. By joining its current 100 franchisees, you would be joining a growing brand network. Starting a Bella Italia business requires a substantial initial investment of £700,000. If you plan on getting a loan to cover the startup costs, Bella Italia asks for a personal investment of at least £350,000. For most franchises, this amount represents 30 to 50% of the total investment. The higher startup costs make this 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. If you can't cover the startup costs on your own, you could see if you qualify for financial aid. This brand also provides its franchisees with full training and support.
Another option to consider is Las Iguanas. This brand is expanding, counting 55 locations across the United Kingdom. You will need to invest £700,000 to start running your own Las Iguanas business, which is a significant initial investment. Your personal investment should account for at least £350,000 of the total amount. It is thus less appropriate for new investors. You will also need to invest in a large premises to operate this business. You will have all the guidance you need to manage your business thanks to the training and support provided by Las Iguanas. And if you can't afford the startup costs on your own, you may be eligible for financial assistance.
Lastly, Wolf is another interesting brand operating in the Casual Dining sector. A total of £200,000, a significant initial investment, is required to open a Wolf franchise. You might want to consider getting a loan to cover the startup costs, in which case at least £100,000 of the total investment should come from your personal funds. Given these higher startup costs, this is 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. Training and assistance provided by Wolf will help you steer your business in the right direction. And, if eligible, you might be able to benefit from financial aid. Visit our website for more information.
The Casual Dining sector currently offers 15 franchising options. But you also have plenty of investment options in other sectors as well, including more than 232 franchising opportunities available on Point Franchise.
Data on this page was collected from NOMIS and the ONS. This content was machine-generated in partnership with LabSense.