Restaurant Franchise opportunities to start in Thetford
Thinking about living and working in Thetford?
The Breckland area offers many interesting business opportunities. If you like the idea of running your own business, you should consider franchising. This would allow you to work for yourself while receiving the support of an established brand. Have a look on this page to discover the franchise options available to you in Thetford. Check out our various franchising options to find the sectors and brands that most appeal to you.
The Breckland area has a population of 139,000 residents. When broken down by age group, the 60+ age range is the most prevalent in the population. In terms of employment, the area has a labour force of 63,400 people (80.0%), of which the unemployment rate is 3.1%. This figure is lower than the average unemployment rate in the UK. The region's average gross annual income of £23,688 is lower than the average income of just over £30,500 across the UK.
Why Casual Dining businesses appeal to franchisees
If you want to manage your own business in the Casual Dining sector, the good news is that there are 15 franchises currently recruiting new franchisees across the country. The Casual Dining sector is just one example of the options available in the Restaurant industry. Other opportunities include three Frozen Yogurt franchises, two Food Truck franchises, three Juice Bar franchises, 14 Takeaway franchises and 15 Restaurant franchises. Have a look, the perfect investment opportunity for you could be a few clicks away.
Three franchise business examples worth looking at
If you're interested in the Casual Dining sector, have a look at Wolf. By joining its four franchises already in operation, you could contribute to this company's expansion. To start your own Wolf franchise, you will need to invest £200,000, of which at least £100,000 should be your own personal investment. You could apply for a loan to help cover the remaining startup costs. Due to the higher startup costs, this option is not advisable for first-time franchisees. You will also need to invest in a large premises to operate this business.
You could also consider Veeno. There are eight outlets open so far, and the network is expanding. This business requires an initial investment of £80,000. 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 Veeno business is £35,000. It is thus less appropriate for new investors. 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.
Finally, Bella Italia is another interesting franchise option if you plan to invest in the Casual Dining sector. The brand is developing, with 100 locations already in operation, and a desire to expand further. 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. 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. Eligible candidates may apply for financial assistance. Visit our website for details.
If working in the Casual Dining sector appeals to you, take a look at our 15 available franchising options in the sector. On Point Franchise, there is plenty of choice in other sectors as well. We have close to 250 new business investment opportunities in total to choose from.
Data on this page was provided by NOMIS and the ONS. This content was machine-generated in partnership with LabSense.