Takeaway Franchise opportunities to start in Coventry
Opening a franchise business in Coventry
The Coventry area offers many interesting business opportunities. If you like the idea of running your own business, you should consider franchising. This would allow you to work for yourself while receiving the support of an established brand. Have a look on this page to discover the franchise options available to you in Coventry. If you already know which line of work you'd like to pursue, explore our franchise opportunities in that sector. If not, have a look and see what other options catch your eye. We have brands to suit many different interests and career objectives.
The Coventry area has a population of 367,000 people. Residents aged 20 to 39 years old make up the prevalent age group in the population. The local unemployment rate of 5.4% is high compared to the UK average of 4%. The local labour force consists of 189,500 people, representing 77.2% of the population. The annual income in the United Kingdom is £30,629 on average. The people of Coventry earn an average annual salary of £27,799, slightly lower than the country's average.
The Takeaway services sector could be the right choice for you
There are 14 UK-based franchises available in the Takeaway services sector. The Takeaway services sector is just one example of a sector you could invest in. Could your ideal business be among our two Food Truck franchises, nine Coffee, Cafe & Coffee Shop franchises, five Noodle Bar franchises, five Sandwich franchises and two Chicken franchises available in the Restaurant industry? Have a browse to find out. If you are considering joining the Hospitality and Food Services industry, you may be interested to know that 8,000 people have already made the decision to work in this sector in the Coventry area.
Three franchise business examples
If you plan to invest in a Takeaway business, you could consider Auntie Anne's. First established in 1988, Auntie Anne's has gained many dedicated customers over the past 32 years. With a vast network of 2,000 outlets, the brand knows how to support its franchisees. Starting an Auntie Anne's business requires a significant initial investment of £145,000. If you plan on getting a loan to cover the startup costs, Auntie Anne's asks for a personal investment of at least £40,000. For most franchises, this amount represents 30 to 50% of the total investment. Auntie Anne's also provides training and assistance to help you run your business efficiently.
The Takeaway services sector has many brands worth considering. Check out Really Awesome Coffee. There are 54 locations open so far, and the network is expanding. To open your own Really Awesome Coffee franchise, you will need to invest £69,000, of which at least £9,300 should be your own personal investment. You could get a loan to help cover the remaining startup costs. These relatively low startup costs make it a good option to pursue for first-time franchisees. Investing in Really Awesome Coffee entitles you to all the guidance, training and support you need to run your business successfully. And if you can't afford the startup costs on your own, you may be eligible for financial aid.
Lastly, Wok&Go could be another good option for you to invest in. By joining its 26 franchises already in operation, you could contribute to this company's expansion. This business requires a substantial initial investment of £200,000. If you intend to get 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 open a Wok&Go business is £100,000. Given these higher startup costs, this opportunity is less suitable for first-time franchisees. You will also need to invest in a large premises to operate this business. Comprehensive training and support are available when you choose to invest in this franchise. You may also qualify for financial aid. Visit our website for more information.
There are currently 14 available franchise options in the Takeaway services sector. Have a look at these businesses to find out if there's a good fit for you. If you're interested in exploring investment options in other sectors, we've got a total of close to 250 franchising opportunities to choose from on Point Franchise.
This page contains machine-generated content provided by LabSense, using data collected from NOMIS and the ONS.