Takeaway Franchise opportunities to start in Wallsend
What to know before starting a franchise in Wallsend
If you're considering running your own business in Wallsend, located in the North East of England, you should look at franchising options. Several brands are currently recruiting in the North Tyneside area. As a franchisee you could manage your own business while benefitting from comprehensive support. Keep reading to see if this could be for you. Deciding which sector you'd like to work in will lead you to the businesses that best suit your needs and business goals.
Recent figures show that 206,000 people live in North Tyneside. The most represented age group is 40-59 years old. Unemployment in the area (3%) is below par compared to the UK as a whole (4%). The labour force represents 80.4% of the local population, or 102,600 people. Residents of North Tyneside have an annual average salary of £27,665. In comparison, the average gross income in the United Kingdom is just over £30,500.
Why the Takeaway services sector appeals to franchisees
Are you interested in the Takeaway services sector? If so, there are 14 available brands to choose from across the country. The Takeaway services sector is part of the Restaurant sector, which also offers 11 Fast Food franchises, two Chicken franchises, two Bubble Tea franchises, four Halal franchises and 15 Restaurant franchises. The right business to suit your career objectives and aspirations might just be among them. Many companies in North Tyneside already operate in the Hospitality and Food Services industry, which employs 6,000 people. You would become a part of a well-established business community.
Eager to find out more? Here are three franchise business examples
The Takeaway services sector offers a range of brands to choose from, including Wok&Go. The brand is expanding, with 26 outlets already in operation, and a desire to expand further. A total of £200,000, a substantial initial investment, is required to open a Wok&Go franchise. You might want to consider getting a loan to cover the startup costs, in which case at least £100,000 of the total investment should come from your personal funds. It is thus less appropriate for new investors. A large premises will also be required to operate this business. If you choose to invest in this franchise, financial aid is available, providing you meet the eligibility criteria.
Auntie Anne's is another successful brand that has been operating in the Takeaway services sector since 1988. Auntie Anne's now offers its expertise to a loyal customer base, built up over 32 years. Franchisees benefit from this company's wide network, which operates across 2,000 franchise locations. Opening an Auntie Anne's business requires a significant initial investment of £145,000. At least £40,000 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. If eligible, you might be able to benefit from financial assistance.
As a final example, take a look at Snappy Tomato Pizza. By joining its current 19 franchisees, you would be joining a growing brand network. To start your business, you will need an initial investment of £25,000. If you intend to get a loan to cover the costs of opening a franchise, a personal investment of 30 to 50% of the total amount will generally be required. For Snappy Tomato Pizza, the minimum personal investment is £5,000. These low startup costs make this a good franchising option for first-time franchisees. You will also need to invest in a large premises to operate this business. By investing in this franchise, you may qualify for financial support. See our website for more information.
The Takeaway services sector offers many interesting franchising opportunities, including our 14 franchise options. At Point Franchise, we are proud to offer almost 250 franchise options across different sectors, helping you find the perfect investment opportunities for you.
NOMIS and the ONS provided the data shown on this page. This text was automatically generated by LabSense.