Restaurant Franchise opportunities to start in Bury
Starting a new business in Bury
If you'd like to open your own business but don't know where to start, a franchise might just be the solution. Bury, situated in the East of England, could be a good place to start as there are many brands currently recruiting franchisees in the Huntingdonshire area. Explore our extensive possibilities in order to find the right franchise for you, and you'll be one step closer to starting your own business.
The population of Huntingdonshire is made up of 177,000 residents. Residents aged 40 to 59 years old are the most represented within the population. The community has 88,700 economically active people, representing 82.3% of the population, with an unemployment rate of 3.7%. This rate is in line with the country's 4% national average. Huntingdonshire has an average annual income of £32,122, which is slightly higher than the national average salary of £30,629.
Could the Casual Dining sector be the right choice for you?
There are 15 franchises in the Casual Dining sector to choose from. You will find many business opportunities in the Restaurant services sector, including those in the Casual Dining sector. Other possibilities include three Frozen Yogurt franchises, three Pub & Bar franchises, two Chicken franchises, nine Coffee, Cafe & Coffee Shop franchises and 14 Takeaway franchises. There might be one worth considering among them. Moreover, the number of people currently employed in a specific industry gives an idea of how dynamic it is. In the Huntingdonshire area, 4,500 people are employed by Hospitality and Food Services companies.
Here are three examples of franchise businesses
Shoryu Ramen is a competitive business operating in the Casual Dining sector. 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. Due to the higher startup costs, this option is not recommended for first-time franchisees. Financial assistance can be provided in some circumstances.
Another interesting franchise option is Veeno. There are eight outlets open so far, and the network is expanding. 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 recommended for first-time franchisees. 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, you could also have a look at Las Iguanas. By joining its network of 55 franchisees, you could contribute to this brand's success. This business requires a significant initial investment of £700,000. If you intend to get a loan to cover startup costs, you should anticipate adding a personal investment of 30 to 50% of the total investment as a general rule. The minimal personal investment to open a Las Iguanas business is £350,000. 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. Also, if you can't cover the startup costs alone, you may be able to benefit from financial aid. See eligibility details on our website.
If you would like to work in the Casual Dining sector, the perfect business opportunity could be waiting for you among our 15 available franchises in the sector. Point Franchise has almost 250 franchising opportunities across a wide range of sectors. So if this sector isn't for you, there are still lots of investment options to explore.
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