Takeaway Franchise opportunities to start in Cambridge
Starting a new business in Cambridge
If you're thinking about running your own business in Cambridge, located in the East of England, you should look at franchising options. Several brands are currently recruiting in the Cambridge area. As a franchisee you could run your own business while benefitting from comprehensive support. Keep reading to find out if this could be for you. Explore our sectors and brands to find your best options among various franchising opportunities, keeping in mind your personal interests and business objectives.
The population of Cambridge is 126,000. The majority of the population sits within the 20-39 age range. The community has a 1.4% unemployment rate, which is significantly lower than the national average of 4%. Overall, the region's economically active population consists of 69,400 people or 81.8% of the total population. The gross annual salary in Cambridge amounts to £33,225, which is higher than the national average of £30,629.
Why the Takeaway services sector appeals to franchisees
If the idea of running a business in the Takeaway services sector appeals to you, take a look at the 14 brands currently recruiting franchisees in the sector. In fact, we have a wide selection of options in the Restaurant sector including the franchises in the Takeaway services sector. You can choose from three Juice Bar franchises, two Food Truck franchises, five Sandwich franchises, three Frozen Yogurt franchises and four Halal franchises today.
Have a look at these three business examples
There are many interesting franchising possibilities in the Takeaway services sector. Take Auntie Anne's for example, a business that was first established in 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. This business requires a substantial initial investment of £145,000. 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 an Auntie Anne's business is £40,000. Given these higher startup costs, this opportunity is less suitable for first-time franchisees. You could also benefit from financial assistance, if eligible.
The Takeaway services sector has many brands worth considering. Check out Caprinos Pizza. By joining its network of 16 franchisees, you could play a part in this brand's success. Starting a Caprinos Pizza franchise will require you to invest a minimum of £65,000. At least £50,000 of this should come from your own personal investment. 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.
Lastly, another option worth considering is Bubbleology, a brand that was first established in 2015. There are 69 locations open so far, and the network is expanding quickly. You will need an initial investment of £120,000 to start your own Bubbleology business. Your personal investment should account for at least £36,000 of the total amount. You may want to consider getting a loan to start a business in this sector. The higher startup costs make this an opportunity best suited for most established franchisees with greater access to financial resources.
There are 14 franchises waiting to be discovered in the Takeaway services sector. At Point Franchise, we have almost 250 new business investment opportunities available, giving you plenty to choose from in other sectors as well.
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