Drinks Franchise opportunities to start in Preston
What to consider when opening a franchise in Preston
Would you like to run your own business? Preston, located in Scotland, could be a good place to start. There are many businesses currently recruiting franchisees in the Scottish Borders area. Franchising gives you the opportunity to run your own business while benefitting from the support of an established brand. By browsing the sectors that appeal to you the most, you will find the brands that best suit your interests and career goals.
Scottish Borders has an estimated population of 115,000 residents. The most prevalent age group in the population falls in the 60+ age bracket. In terms of employment, the area has an economically active population of 53,300 people (78.8%), of which the unemployment rate is 3.2%. This figure is lower than the average unemployment rate in the UK. The average annual income across the UK is close to £31,000. With a gross salary averaging £26,777, residents of Scottish Borders have a slightly lower salary than the national average.
Does the Coffee & Wine Bar sector appeal to you?
Across the UK, there are currently 14 opportunities to open your own franchise in the Coffee & Wine Bar sector. The Coffee & Wine Bar sector is just one example of a sector you could invest in. Could your ideal business be among our eight Ice Cream franchises, four Waffle franchises, 11 Sweets franchises, five Tea franchises and six Milkshake franchises available in the Food industry? Have a browse to find out. If you want to work in the Hospitality and Food Services industry, it may interest you to know that, in the Scottish Borders area, 3,000 people currently work in the industry.
Check out three available franchise options
If you're interested in the Coffee & Wine Bar sector, take a look at Snappy Tomato Pizza. By joining its network of 19 franchisees, you could contribute to this brand's success. To start your own Snappy Tomato Pizza franchise, you will need to invest £25,000, of which at least £5,000 should be your own personal investment. You could apply for a loan to help cover the remaining startup costs. Whether you're an established franchisee or a first-time investor, the low startup costs mean that this could be a good option for you. A large premises will also be required to operate this business. Financial assistance is available for eligible franchisees.
Esquires Coffee is another successful business that has been operating in the Coffee & Wine Bar sector since 2000. The brand has acquired valuable experience and expertise over the past 20 years. The brand's network is made up of 103 franchisees, which enhance its visibility. This business requires a substantial initial investment of £225,000. If you plan on getting 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 Esquires Coffee business is £85,000. Given these higher startup costs, this opportunity is less suitable for first-time franchisees. By investing in this franchise, you may be eligible for financial support.
Finally, Dunkin' Donuts is another interesting franchising opportunity if you plan to invest in the Coffee & Wine Bar sector. Launched in 1970, Dunkin' Donuts has grown a loyal following since opening 50 years ago. A network of 11,000 franchisees promotes the brand's exposure. Starting a Dunkin' Donuts franchise will require you to invest a minimum of £3,000,000. At least £1,200,000 of this should come from your own personal investment. Given these higher startup costs, this is an opportunity best suited for most established franchisees with greater access to financial resources. Also, if you can't afford the startup costs on your own, you may qualify for financial assistance. See eligibility details on our website.
The Coffee & Wine Bar sector offers 14 franchising opportunities. If you're curious about business options in other sectors, we've got a total of almost 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.