Takeaway Franchise opportunities to start in Torquay
Torquay: A great location to start a business
Are you thinking about opening a franchise? Torquay, in the South West, could have a lot to offer. By becoming a franchisee, you could benefit from training and marketing support from an established brand while managing your own business. Take a look at the brands currently recruiting in Torbay. There are a number of franchising options available based on your budget and career goals. Have a browse to find the brand that appeals to you most.
According to recent census data, there are 136,000 people in Torbay. The 60+ age group has the highest concentration within the population. The labour force in Torbay amounts to 59,400 people, with an unemployment rate of 4.1%. This rate is in line with the national average. Across the UK, the average gross salary is just over £30,500. In the Torbay area, it amounts to £23,343.
Investment opportunities in the Takeaway services sector
If you're considering becoming a franchisee in the Takeaway services sector, have a look at our 14 franchise opportunities currently available in the sector. There are also two Burger franchises, 11 Fast Food franchises, three Pub & Bar franchises, three Frozen Yogurt franchises and two Bubble Tea franchises recruiting franchisees in the Restaurant industry, alongside the Takeaway options. Have a look to see whether any fit your career goals and aspirations. Interesting fact: companies in Hospitality and Food Services employ 8,000 people in the Torbay area. This could be your opportunity to open a successful business of your own!
Three franchise businesses worth reading about
If you're planning to invest in the Takeaway services sector, check out Really Awesome Coffee. By joining its 54 franchises already in operation, you could contribute to this brand's expansion. You will need to invest £69,000 to begin running your own Really Awesome Coffee business, which is a reasonable initial investment. Your personal investment should account for at least £9,300 of the total amount. Given these low startup costs, this option could be suitable for first-time franchisees. If you choose to invest in this franchise, financial assistance is available, providing you meet the eligibility criteria.
Bagel Corner could be another good option for you to invest in. There are 30 locations open so far, and the network is expanding. A small premises will be required to operate this business.
Lastly, you could also consider Wolf. By joining its network of four franchisees, you could contribute to this brand's success. A total of £200,000, a significant initial investment, is required to start a Wolf 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. The higher startup costs make this an opportunity best suited for most established franchisees with greater access to financial resources. You will also need to invest in a large premises to operate this business.
The Takeaway services sector offers many interesting franchising opportunities, including our 14 franchise options. With 236 new business investment opportunities to choose from across a variety of sectors, you have a good chance of finding a brand that meets your needs on Point Franchise.
This text was automatically generated in partnership with LabSense, using data provided by NOMIS and the ONS.