Restaurant Franchise opportunities to start in Chatham
Chatham and its prospects for new Businesses
If you'd like to run your own business but don't know where to start, a franchise might just be the answer. Chatham, situated in the South East of England, could be a good place to start as there are many brands currently recruiting franchisees in the Medway area. Start by looking for franchise opportunities in the line of work you are most interested in. This will most likely help you find a brand that sparks your curiosity.
The Medway area has 278,000 residents. When broken down by age group, the majority of the population falls within the 20-39 category. The local labour force consists of 142,200 people, or 80.7% of the total population. With an unemployment rate of 3.5%, recent data shows that employment in this area is lower than in the rest of the UK. With an average gross annual income of £30,459, salaries in Medway are in line with the average salary of just over £30,500 across the United Kingdom.
The Casual Dining sector and its business options
If the idea of running a business in the Casual Dining sector appeals to you, check out the 15 brands currently recruiting franchisees in the field. In addition to the business opportunities in the Casual Dining sector, the Restaurant industry offers three Frozen Yogurt franchises, five Sandwich franchises, two Burger franchises, five Noodle Bar franchises and nine Coffee, Cafe & Coffee Shop franchises. Have a look at the brands to see if your perfect match is among them. Hospitality and Food Services is a well-established industry, providing work for 6,000 people in Medway alone.
Want to know more? Read about these three brands
There are many interesting franchising possibilities in the Casual Dining sector. Take Bella Italia for example. By joining its 100 franchises already in operation, you could contribute to this company's expansion. You will need to invest £700,000 to start operating your own Bella Italia business, which is a significant initial investment. Your personal investment should account for at least £350,000 of the total amount. Given these higher startup costs, this opportunity is less suitable for first-time franchisees. A large premises will also be required to operate this business. If eligible, you might be entitled to financial assistance.
Veeno is another successful brand operating in the Casual Dining sector. There are eight outlets open so far, and the network is expanding. You will need an initial investment of £80,000 to start your own Veeno business. Your personal investment should account for at least £35,000 of the total amount. You may want to think about getting a loan to open a business in this sector. The higher startup costs make this 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 afford the startup costs on your own, you may qualify for financial support.
Finally, Las Iguanas is another competitive brand operating in the Casual Dining sector. This business requires a substantial initial investment of £700,000. 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 Las Iguanas business is £350,000. 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 aid. See eligibility details on our website.
Starting a business in the Casual Dining sector has great potential. If you're interested, explore our 15 available options. With close to 250 new business investment opportunities to choose from across various sectors, you have a good chance of finding a brand that meets your needs on Point Franchise.
Data on this page was provided by NOMIS and the ONS. This content was machine-generated in partnership with LabSense.