Takeaway Franchise opportunities to start in Morecambe
Morecambe and its prospects for new Businesses
The franchising options in Morecambe, located in the North West of England, are numerous. As a franchisee, you could have the independence of working alone with the support of a team behind you. Stay on this page to discover which brands you could work with in Lancaster. Explore our extensive possibilities in order to find the right franchise for you, and you'll be one step closer to opening your own business.
There are an estimated 144,000 people living in the Lancaster area. The majority of the population sits within the 20-39 age group. Approximately 62,900 people are economically active in the area, representing 69.5% of the population. The unemployment rate (4.7%) is high compared to the national average (4%). Salaries in Lancaster average £27,639 a year, while in the United Kingdom the average salary is just over £30,500.
The Takeaway services sector: An interesting opportunity for franchisees
There are 14 brands offering franchise opportunities in the Takeaway services sector. You will find many business opportunities in the Restaurant industry, including those in the Takeaway services sector. Other possibilities include three Juice Bar franchises, two Chicken franchises, nine Coffee, Cafe & Coffee Shop franchises, two Food Truck franchises and five Sandwich franchises. There might be one worth considering among them. If you're interested in the Hospitality and Food Services industry, you're not alone. In Lancaster, 4,500 people currently work in the industry.
Eager to find out more? Here are three franchise business examples
If you plan to invest in the Takeaway services sector, Snappy Tomato Pizza could be a good option. By joining its 19 franchises already in operation, you could contribute to this company's expansion. Starting a Snappy Tomato Pizza business requires a reasonable initial investment of £25,000. At least £5,000 should come from your own personal investment. Whether you're an established franchisee or a first-time investor, the low startup costs mean that this could be a good option for you. A large premises will also be required to operate this business. By investing in this established brand, you could qualify for financial assistance.
Check out Bagel Corner, another interesting Takeaway franchise. This brand is expanding, counting 30 locations across the United Kingdom. A small premises will be required to operate this business.
Lastly, another option to consider is Wok&Go. By joining its current 26 franchisees, you would become a part of a growing brand network. To start your business, you will need an initial investment of £200,000. If you plan on getting a loan to cover the costs of opening a franchise, a personal investment of 30 to 50% of the total amount will typically be required. For Wok&Go, the minimum personal investment is £100,000. 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. If you can't afford the startup costs on your own, you may be eligible for financial aid. See our website for details.
The Takeaway services sector currently offers 14 franchising opportunities. Point Franchise has close to 250 franchising opportunities across a wide variety of sectors. So if this sector isn't for you, there are still lots of investment options to explore.
This text was automatically generated in partnership with LabSense, using data collected from NOMIS and the ONS.