Restaurant Franchise opportunities to start in Borehamwood
Investing in Borehamwood could be your next move
You could start your own business by becoming a franchisee in Borehamwood. Hertsmere, located in the East of England, offers a number of new business investment possibilities. On this page, you'll find a range of brands looking for franchisees. With your interests and business goals in mind, have a look at our selection of franchising opportunities.
There are 104,000 people in the Hertsmere area. When broken down by age group, the 40-59 age range is the most prevalent in the population. The UK's annual average salary is just over £30,500. Salaries in Hertsmere are significantly higher in comparison, averaging £38,209 a year.
Why the Casual Dining sector appeals to franchisees
Across the UK, there are 15 franchises in the Casual Dining sector. In addition to the business opportunities in the Casual Dining sector, the Restaurant industry offers two Food Truck franchises, three Frozen Yogurt franchises, four Pizza franchises, two Bubble Tea franchises and 14 Takeaway franchises. Take a look at the brands to find out if your perfect match is among them. If you are thinking about opening a business in Hospitality and Food Services, Hertsmere could be a good place to do it. Indeed, 4,000 people have already made the decision to work in this sector in the Hertsmere area.
Check out these three business examples
If you are interested in opening a business in the Casual Dining sector, Café Rouge could be an option for you. By joining its current 90 franchisees, you would become a part of a growing brand network. You will need to invest £700,000 to open your own Café Rouge business. At least £350,000 of this significant amount should come from your own personal investment. It is thus less appropriate for new investors. Financial aid can be given in some circumstances.
Another option worth considering is Shoryu Ramen. This brand is developing, counting 13 locations across the United Kingdom. This business requires a substantial initial investment of £400,000. 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 start a Shoryu Ramen business is £200,000. 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. If eligible, you might be entitled to financial assistance.
Lastly, you could also have a look at Veeno. There are eight outlets open so far, and the network is expanding. Starting a Veeno business requires an initial investment of £80,000. At least £35,000 should come from your own personal investment. 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. If you can't afford the startup costs on your own, you may be eligible for financial aid. Visit our website for details.
Eager to read more about business opportunities in the Casual Dining sector? Explore our 15 available options. With almost 250 new business investment opportunities to choose from across different sectors, you have a good chance of finding a brand that meets your needs on Point Franchise.
This page contains machine-generated content provided by LabSense, using data collected from NOMIS and the ONS.