Takeaway Franchise opportunities to start in Southend-on-Sea
What to know before starting a business in Southend-on-Sea
If you want to open your own business, you may find that Southend-on-Sea has a lot to offer. Several brands are currently looking for franchisees in the Southend-on-Sea area. Read on to see if running a franchise could be a good option for you! Starting a business should be exciting! Check out our selection of franchising opportunities, focusing on the sectors that you feel most passionate about.
There are approximately 182,000 people currently living in Southend-on-Sea. The majority of the population sits within the 40-59 age range. The 3.9% unemployment rate among the 90,200 economically active people in the area is in line with the UK average. The gross annual income in Southend-on-Sea amounts to £33,169, which is higher than the national average of close to £31,000.
Could the Takeaway services sector be the right choice for you?
There are 14 UK-based franchises available in the Takeaway services sector. This is just one of the sectors you could choose within the Restaurant sector. There are also nine Coffee, Cafe & Coffee Shop franchises, three Juice Bar franchises, two Chicken franchises, four Halal franchises and two Burger franchises. Have a browse and find out if any are a good fit for you. The Hospitality and Food Services industry provides work for many people. In Southend-on-Sea, companies currently employ 5,000 people in the sector.
Take a look at three franchise business examples
If you plan to invest in a Takeaway business, you could consider Wok&Go. This brand is growing, counting 26 locations in the United Kingdom. Opening a Wok&Go business requires a significant initial investment of £200,000. If you plan on getting a loan to cover the startup costs, Wok&Go asks for a personal investment of at least £100,000. For most franchises, this amount represents 30 to 50% of the total investment. 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. If you can't afford the startup costs on your own, you may be eligible for financial assistance.
Have a look at Crepe Delicious. By joining its 25 franchises already in operation, you could contribute to this company's expansion. A total of £80,000 is required to start a Crepe Delicious franchise. You might want to consider getting a loan to cover the startup costs, in which case at least £50,000 of the total investment should come from your personal funds. Given these higher startup costs, this is an opportunity best suited for most established franchisees with greater access to financial resources. Financial aid can be given in some circumstances.
Finally, another brand worth considering is Auntie Anne's. First launched in 1988, the brand's extensive experience, good reputation and wide exposure are valuable assets. Franchisees benefit from this company's wide network, which operates across 2,000 franchise locations. To start your business, you will need an initial investment of £145,000. 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 usually be required. For Auntie Anne's, the minimum personal investment is £40,000. 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. Don't forget that we offer new business investment ranges across a variety of sectors on Point Franchise. If you're still looking for the perfect match, just explore our option of almost 250 franchising possibilities.
This text was automatically generated in partnership with LabSense, using data provided by NOMIS and the ONS.