Drinks Franchise opportunities to start in Newcastle upon Tyne
Is Newcastle upon Tyne a good place to become a franchisee?
Have you ever considered opening a franchise in Newcastle upon Tyne? This could be your opportunity to run your own business while receiving comprehensive training and marketing support, since many businesses in the Newcastle upon Tyne area are currently recruiting franchisees. Starting a business should be exciting! Have a look at our selection of franchising options, focusing on the sectors that you feel most passionate about.
According to recent census data, 300,000 people live in Newcastle upon Tyne. The most prevalent age group in the population falls in the 20-39 age bracket. Unemployment affects 4% of the UK population. With a rate of 5.2%, unemployment in this area is slightly higher than the national average. The economically active population amounts to 141,500 people, representing 70.9% of the population. Across the UK, the annual gross income is just over £30,500 on average. In the region of Newcastle upon Tyne, it is £29,204.
Why the Coffee & Wine Bar sector appeals to franchisees
If you wish to operate a Coffee & Wine Bar franchise, you are likely to find one that appeals to you among 14 available across the UK. You will find many business opportunities in the Food industry, including those in the Coffee & Wine Bar sector. Other possibilities include six Bakery franchises, 11 Sweets franchises, six Milkshake franchises, three Donut franchises and four Waffle franchises. There might be one worth considering among them.
Three franchise businesses worth reading about
If you would like to invest in a Coffee & Wine Bar business, you could consider Esquires Coffee. First established in 2000, the brand has gained valuable experience and expertise over the past 20 years. The brand's network is important, counting 103 locations across the UK. To start your own Esquires Coffee franchise, you will need to invest £225,000, of which at least £85,000 should be your own personal investment. You could apply for a loan to help cover the remaining startup costs. Given these higher startup costs, this opportunity is less suitable for first-time franchisees. Also, if you can't afford the startup costs on your own, you may qualify for financial assistance.
Auntie Anne's is another interesting franchise option if you plan to invest in the Coffee & Wine Bar sector. Opened in 1988, Auntie Anne's, now a leader in the sector, has gained 32 years of experience since first opening. With a vast network of 2,000 outlets, the brand knows how to support its franchisees. You will need to invest £145,000 to start your own Auntie Anne's business. At least £40,000 of this significant amount 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. If eligible, you might be able to benefit from financial aid.
The Coffee & Wine Bar sector has many brands worth considering. As a final example, take a look at NKD Pizza. The brand is developing, with 25 outlets already in operation, and a desire to expand further. A large premises will be required to operate this business.
The Coffee & Wine Bar sector offers many interesting franchising opportunities, including our 14 franchise options. You will find a total of almost 250 franchise options on Point Franchise. So if you are still looking for the perfect investment opportunity, there are still plenty of options for you to explore.
This page contains data collected from NOMIS and the ONS. This content was automatically generated by LabSense.