Restaurant Franchise opportunities to start in Stevenage
Why should you invest in Stevenage?
If you want to open a business in Stevenage, working for yourself but not on your own, then check out our franchising options in the East of England. On this page, you will find a range of brands to choose from for becoming a franchisee in the Stevenage area and across the United Kingdom. Deciding which sector you'd like to work in will lead you to the businesses that best suit your needs and career goals.
The Stevenage area has a population of 88,000 people. Residents aged 20 to 39 years old make up the majority of the population. The labour force in Stevenage amounts to 46,300 people, with an unemployment rate of 3%. This rate is lower than the national average. Across the United Kingdom, the average gross salary is close to £31,000. In the Stevenage area, it is £28,369.
The Casual Dining sector: An interesting opportunity for franchisees
If you wish to run a business in the Casual Dining sector, check out our 15 franchises currently recruiting franchisees in the field. This is just one of the sectors you could choose within the Restaurant industry. There are also five Sandwich franchises, 15 Restaurant franchises, four Pizza franchises, two Bubble Tea franchises and three Pub & Bar franchises. Have a look and find out if any are a good fit for you.
Three franchise businesses worth reading about
If you plan to invest in a Casual Dining business, you could consider Bella Italia. There are 100 locations open so far, and the network is expanding. 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 recommended for first-time franchisees. A large premises will also be required to operate this business. If you decide to invest in this franchise, financial assistance is available, providing you meet the eligibility criteria.
Las Iguanas is another interesting option. By joining its current 55 franchisees, you would become a part of a growing brand network. To open your own Las Iguanas franchise, you will need to invest £700,000, of which at least £350,000 should be your own personal investment. You could get a loan to help cover the remaining startup costs. 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. An investment in this franchise entitles you to financial aid, if eligible.
Lastly, Shoryu Ramen is another interesting franchising opportunity if you plan to invest in the Casual Dining sector. The brand is developing, with 13 outlets already in operation, and a desire to expand further. 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. Due to the higher startup costs, this option is not recommended for first-time franchisees. Financial aid can be given in some circumstances. See our website for more information.
The Casual Dining sector has many successful franchise businesses. We currently have 15 opportunities available in this sector. Don't forget that we offer new business investment selections across many different sectors on Point Franchise. If you're still looking for the perfect match, just explore our option of close to 250 franchising possibilities.
NOMIS and the ONS provided the data shown on this page. This text was automatically generated by LabSense.
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