Takeaway Franchise opportunities to start in Lincoln
Lincoln and its prospects for new Businesses
If you want to open your own business, you may find that Lincoln has a lot to offer. Several brands are currently recruiting franchisees in the Lincoln area. Read on to find out if running a franchise could be a good option for you! There are a number of franchising opportunities available based on your budget and career goals. Have a look to find the brand that appeals to you most.
The Lincoln area has a population of 99,000 people. The 20-39 age group has the highest concentration within the population. The 6.1% unemployment rate among the 50,600 economically active people in the area is slightly higher than the UK average. Residents of Lincoln have an annual average income of £24,278. In comparison, the average gross salary in the UK is just over £30,500.
The Takeaway services sector and its investment options
There are 14 brands currently looking for franchisees in the Takeaway services sector. If this sector appeals to you, check them out. The Restaurant industry offers a range of options in addition to those in the Takeaway services sector. These include two Bubble Tea franchises, four Pizza franchises, five Sandwich franchises, two Chicken franchises and three Pub & Bar franchises. Have a look at the brands available to see which could be your perfect match. In the Lincoln area, the Hospitality and Food Services industry provides work for 5,000 people.
Three franchise business examples worth looking at
If you would like to invest in a Takeaway business, you could consider Shoryu Ramen. There are 13 locations open so far, and the network is expanding. This business opportunity requires a significant initial investment of £400,000. You could get a loan to help cover startup costs, in which case your personal investment will usually need to cover 30 to 50% of the total investment. Shoryu Ramen requires a minimum personal investment of £200,000. It is thus less appropriate for new investors. You will also need to invest in a small premises to operate this business. If you can't cover the startup costs on your own, you may qualify for financial assistance.
Snappy Tomato Pizza is another interesting option. By joining its 19 franchises already in operation, you could contribute to this company's expansion. A reasonable initial investment of £25,000 will enable you to start your own Snappy Tomato Pizza business. In most cases, your personal investment should represent 30 to 50% of the total amount. Snappy Tomato Pizza requires you to personally invest at least £5,000. You could potentially get a loan to cover the remaining costs. 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. Financial support is available for eligible franchisees.
The Takeaway services sector has many brands worth considering. As a final example, take a look at Esquires Coffee. In business since 2000, Esquires Coffee has acquired valuable experience in the field in its 20 years since first opening. The brand's network is made up of 103 franchisees, which enhance its visibility. To start your business, you will need an initial investment of £225,000. 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 typically be required. For Esquires Coffee, the minimum personal investment is £85,000. Due to the higher startup costs, this option is not advisable for first-time franchisees. If you choose to invest in this franchise, financial aid is available, providing you meet the eligibility criteria. See our website for more information.
If you are interested in the Takeaway services sector and want to discover more franchising opportunities, check out the 14 brands available in this sector. If this sector doesn't suit your needs, don't worry. Point Franchise offers close to 250 franchise options across a variety of sectors to help you find your perfect investment opportunity.
NOMIS and the ONS provided the data shown on this page. This text was automatically generated by LabSense.