Restaurant Franchise opportunities to start in Letchworth
What can Letchworth offer to new businesses?
Franchising is a great way to start your own business, while benefitting from the comprehensive support of an established brand. Have a look at our selection of brands in Letchworth, located in the North Hertfordshire area in the East of England, where many companies are currently recruiting. Check out our different franchising opportunities to find the sectors and brands that most appeal to you.
The population of North Hertfordshire is 133,000. Residents aged 40 to 59 years old are the most represented within the population. The community has a 3.7% unemployment rate, which is in line with the national average of 4%. There are 68,400 economically active people in the area, representing 83.9% of the total population. Salaries in North Hertfordshire average £35,383 a year, while in the United Kingdom the average salary is close to £31,000.
Running a franchise in the Casual Dining sector
Across the United Kingdom, there are 15 franchises in the Casual Dining sector. Bear in mind that the potential for exciting investment opportunities in the Restaurant sector is not limited to the Casual Dining sector. Other available investment options include 15 Restaurant franchises, two Food Truck franchises, four Halal franchises, 11 Fast Food franchises and five Noodle Bar franchises. See if there's one to suit your business goals. If you are thinking about joining the Hospitality and Food Services industry, you may be interested to know that 4,000 people have already made the decision to work in this sector in the North Hertfordshire area.
Read about these three brands to see what franchise opportunities exist
If working in the Casual Dining sector appeals to you, take a look at Shoryu Ramen. By joining its 13 franchises already in operation, you could contribute to this brand's expansion. A total of £400,000, a significant initial investment, is required to open a Shoryu Ramen franchise. You might want to consider getting a loan to cover the startup costs, in which case at least £200,000 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. You will also need to invest in a small premises to operate this business.
You could also consider Bella Italia. The brand is growing, with 100 outlets currently in operation, and a desire to expand further. You will need an initial investment of £700,000 to start your own Bella Italia business. Your personal investment should account for at least £350,000 of the total amount. You may want to think about getting a loan to open a business in this sector. Due to the higher startup costs, this option is not advisable for first-time franchisees. Financial assistance can be given in some circumstances.
Wolf is a third interesting franchising opportunity in the Casual Dining sector. There are four locations open so far, and the network is expanding. In order to start a Wolf business, a substantial 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 asks for a personal investment of at least £100,000. 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. You may be eligible for financial aid. Visit our website for details.
There are currently 15 new business investment opportunities available in the Casual Dining sector. If you are still not sure which sector best suits your needs, have a look through our range of 236 franchising opportunities across a variety of sectors on Point Franchise.
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