Takeaway Franchise opportunities to start in Bishop's Stortford
Why should you invest in Bishop's Stortford?
Have you ever considered opening a franchise in Bishop's Stortford? This could be your opportunity to manage your own business while receiving comprehensive training and marketing support, since many brands in the East Hertfordshire area are currently recruiting franchisees. Browsing our selection of companies and sectors will allow you to pinpoint the type of business that is right for you.
There are approximately 148,000 people currently living in East Hertfordshire. The most prevalent age group in the population is 40 to 59 years old. Approximately 70,700 people are economically active in the community, representing 77.1% of the population. The unemployment rate (1.9%) is very low compared to the national average (4%). East Hertfordshire has an average annual income of £48,836, which is significantly higher than the national average salary of £30,629.
Running a franchise in the Takeaway services sector
Are you interested in the Takeaway services sector? If so, there are 14 available franchises to choose from in the United Kingdom. In addition to the business opportunities in the Takeaway services sector, the Restaurant industry offers four Halal franchises, four Pizza franchises, 11 Fast Food franchises, nine Coffee, Cafe & Coffee Shop franchises and three Frozen Yogurt franchises. Have a look at the brands to see if your perfect match is among them. If you are thinking about opening a business in Hospitality and Food Services, East Hertfordshire could be a good place to do it. Indeed, 5,000 people have already made the decision to work in this field in the East Hertfordshire area.
Check out these three business examples
Thai Express is an interesting business operating in the Takeaway services sector. Starting a Thai Express business requires a significant initial investment of £150,000. If you plan on getting a loan to cover the startup costs, Thai Express asks for a personal investment of at least £50,000. For most franchises, this amount represents 30 to 50% of the total investment. Due to the higher startup costs, this option is not advisable for first-time franchisees. You will also need to invest in a large premises to operate this business. Also, if you can't afford the startup costs on your own, you may qualify for financial support.
You could also consider Bubbleology, which has been operating since 2015. This brand is developing quickly, counting 69 outlets across the country. This business opportunity requires a significant initial investment of £120,000. You could get a loan to help cover startup costs, in which case your personal investment will typically need to cover 30 to 50% of the total investment. Bubbleology asks for a minimum personal investment of £36,000. Given these higher startup costs, this opportunity is less suitable for first-time franchisees.
The Takeaway services sector has many brands worth considering. As a final example, take a look at Subway®. Initially established in 2001, the company is now mature and a leader within the sector, having grown its franchise network for 19 years. It is now firmly rooted in the market, counting 2,500 franchise locations. Eligible candidates may apply for financial aid. Visit our website for more information.
Eager to read more about business opportunities in the Takeaway services sector? Explore our 14 available options. You will find a total of close to 250 franchise options on Point Franchise. So if you are still looking for the perfect business opportunity, there are still plenty of options for you to explore.
Data on this page was collected from NOMIS and the ONS. This content was machine-generated in partnership with LabSense.