Restaurant Franchise opportunities to start in Ipswich
Starting a new business in Ipswich
If you'd like to run your own business but don't know where to start, a franchise might just be the answer. Ipswich, situated in the East of England, could be a good place to start as there are many brands currently recruiting franchisees in the Ipswich area. Exploring our selection of companies and sectors will allow you to pinpoint the type of business that is right for you.
Approximately 138,000 people currently live in Ipswich. Residents aged 20 to 39 years old make up the prevalent age group in the population. Ipswich has an unemployment rate of 6% within its labour force of 67,900 people. This rate is high compared to the national average. Ipswich has an average annual salary of £25,828, which is slightly lower than the national average income of close to £31,000.
Why Casual Dining businesses appeal 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 industry offers two Bubble Tea franchises, two Burger franchises, four Halal franchises, three Frozen Yogurt franchises and two Food Truck franchises. Take a look at the brands to find out if your perfect match is among them. If you are thinking about joining the Hospitality and Food Services industry, you may be interested to know that 3,500 people have already made the decision to work in this industry in the Ipswich area.
Read about these three brands to see what franchise opportunities exist
If you are interested in opening a franchise in the Casual Dining sector, Wolf could be an option for you. By joining its current four franchisees, you would become a part of a growing brand network. Starting a Wolf business requires a substantial initial investment of £200,000. At least £100,000 should come from your own personal investment. 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 large premises to operate this business. Also, if you can't afford the startup costs alone, you may be able to benefit from financial aid.
The Casual Dining sector has many brands worth considering. Have a look at Café Rouge. The brand is developing, with 90 locations already in operation, and a desire to expand further. In order to open a Café Rouge business, a significant initial investment of £700,000 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. Café Rouge requires a personal investment of at least £350,000. 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.
Finally, you could also consider Veeno. By joining its network of eight franchisees, you could contribute to this brand's success. An initial investment of £80,000 will enable you to start your own Veeno business. In most cases, your personal investment should represent 30 to 50% of the total amount. Veeno requires you to personally invest at least £35,000. You could potentially apply for a loan to cover the remaining 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. Also, if you can't afford the startup costs on your own, you may qualify for financial support. See our website for more information.
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 offers a total of 236 franchising opportunities across many different sectors. So, if you're still searching for a brand that meets your needs, there are plenty of options for you to explore.
This text was automatically generated in partnership with LabSense, using data collected from NOMIS and the ONS.