Restaurant Franchise opportunities to start in Northfleet
Opening a franchise business in Northfleet
Northfleet, located in the East Midlands, offers a variety of new business investment options, especially if you like working for yourself but not on your own. Learn more about our franchising opportunities here. You might just find the right brand for starting your own business in the Northampton area. Start by looking for franchise options in the line of work you are most interested in. This will most likely help you find a brand that sparks your curiosity.
There are an estimated 225,000 people living in the Northampton area. The majority of the population sits within the 20-39 age group. Approximately 120,300 people are economically active in the region, representing 83.0% of the population. The unemployment rate 5.1% is high compared to the UK average 4%. Residents of Northampton have an annual average salary of £29,501. In comparison, the average gross income in the United Kingdom is close to £31,000.
Why choose to open a franchise in the Casual Dining sector?
There are 15 franchises in the Casual Dining sector to choose from. The Restaurant services sector offers a range of options in addition to those in the Casual Dining sector. These include five Noodle Bar franchises, three Pub & Bar franchises, 15 Restaurant franchises, 11 Fast Food franchises and four Halal franchises. Take a look at the brands available to find out which could be your perfect match. It may interest you to know that businesses in the Northampton area currently employ 7,000 people in the Hospitality and Food Services industry.
Check out three available franchise options
If you'd like to run your own Casual Dining business, Wolf could be a great option for you. By joining its four franchises already in operation, you could contribute to this company's expansion. This business requires a substantial initial investment of £200,000. If you plan on getting 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 Wolf business is £100,000. 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. If you are unsure about starting your own business, taking on an established franchise could be the solution. Wolf provides full training and support, ensuring that its franchisees are well-equipped to succeed. Also, if you can't afford the startup costs on your own, you may qualify for financial support.
Las Iguanas is another interesting franchising opportunity if you plan to invest in the Casual Dining sector. The brand is growing, with 55 outlets already in operation, and a desire to expand further. You will need to invest £700,000 to start your own Las Iguanas business. At least £350,000 of this substantial amount should come from your own personal investment. It is thus less appropriate for new investors. Las Iguanas provides comprehensive training and support to help you build a successful business of your own. Furthermore, you may qualify for financial aid.
Finally, another option worth considering is Bella Italia. By joining its current 100 franchisees, you would become a part of a growing brand network. Starting a Bella Italia business requires a substantial initial investment of £700,000. At least £350,000 should come from your own personal investment. Given these higher startup costs, this opportunity is less suitable for first-time franchisees. The training and assistance provided by Bella Italia give you the tools to manage your own business successfully. Financial assistance can also be given in some circumstances. See our website for details.
If you are interested in the Casual Dining sector and would like to know more about its available franchising options, explore the 15 businesses currently recruiting franchisees in the sector. Point Franchise currently has a total of almost 250 brands recruiting franchisees across a variety of sectors. Have a look to see which other sectors you might want to invest in.
Data on this page was collected from NOMIS and the ONS. This content was machine-generated in partnership with LabSense.