Restaurant Franchise opportunities to start in Kingston upon Hull
Kingston upon Hull and its prospects for new Businesses
If you want to open a business in Kingston upon Hull, working for yourself but not on your own, then check out our franchising options in Yorkshire and the Humber. On this page, you will find a range of brands to choose from for becoming a franchisee in the East Riding of Yorkshire area and across the UK. With your interests and career objectives in mind, have a look at our selection of franchising opportunities.
The East Riding of Yorkshire area has a population of 340,000 people. The majority of the population falls within the 60+ age range. The local unemployment rate of 3.6% is below par compared to the national average of 4%. The local labour force consists of 157,900 people, representing 81.8% of the population. The annual income in the UK is just over £30,500 on average. The people of East Riding of Yorkshire earn an average annual salary of £29,761, in line with the country's average.
Why the Casual Dining sector appeals to franchisees
There are 15 brands offering franchise options in the Casual Dining sector. In addition to the business opportunities in the Casual Dining sector, the Restaurant services sector offers nine Coffee, Cafe & Coffee Shop franchises, three Juice Bar franchises, 14 Takeaway franchises, three Pub & Bar franchises and two Bubble Tea franchises. Take a look at the brands to see if your perfect match is among them.
Take a look at three franchise business examples
If the Casual Dining sector is your area of interest, Café Rouge is worth looking at. There are 90 locations open so far, and the network is expanding. You will need an initial investment of £700,000 to start your own Café Rouge business. Your personal investment should account for at least £350,000 of the total amount. You may want to consider getting a loan to open a business in this sector. Due to the higher startup costs, this option is not recommended for first-time franchisees. A large premises will also be required to operate this business. If you are unsure about starting your own business, taking on an established franchise could be the solution. Café Rouge provides full training and support, ensuring that its franchisees are well-equipped to succeed. Also, if you can't afford the startup costs on your own, you may qualify for financial support.
Shoryu Ramen is another interesting franchise option if you plan to invest in the Casual Dining sector. By joining its current 13 franchisees, you would be joining a growing brand network. Starting a Shoryu Ramen franchise will require you to invest a minimum of £400,000. At least £200,000 of this should come from your own personal investment. Given these higher startup costs, this is an opportunity best suited for most established franchisees with greater access to financial resources. A small premises will also be required to operate this business. Investing in Shoryu Ramen entitles you to all the guidance, training and support you need to run your business effectively. And if you can't afford the startup costs on your own, you may be eligible for financial aid.
Lastly, if the Casual Dining sector appeals to you, Las Iguanas is another option you could have a look at. The brand is growing, with 55 outlets already in operation, and a desire to expand further. Opening a Las Iguanas business requires a substantial initial investment of £700,000. If you plan on getting a loan to cover the startup costs, Las Iguanas asks for a personal investment of at least £350,000. For most franchises, this amount represents 30 to 50% of the total 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. Las Iguanas also offers training and assistance to help you run your business efficiently.
The Casual Dining sector currently has 15 new business investment opportunities. Whether you've already decided to invest or are still weighing your options, it's worth exploring different sectors. At Point Franchise, we have a total of 238 franchising opportunities to help you find the right fit.
This text was automatically generated in partnership with LabSense, using data collected from NOMIS and the ONS.
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