Drinks Franchise opportunities to start in Durham
Durham: A great location to start a business
Located in the North East of England, Durham is an area with business opportunities on the rise. If working as your own boss with a team behind you sounds appealing, take a look at our franchising options in County Durham and take the first step towards running your own business. With your interests and business goals in mind, have a look at our range of franchising opportunities.
County Durham has an estimated population of 527,000 people. The most prevalent age group in the population is over 60 years old. The community has a 5.7% unemployment rate, which is slightly higher than the UK average of 4%. There are 244,900 economically active people in the region, representing 75.5% of the total population. The area's average gross annual income of £27,594 is slightly lower than the average income of just over £30,500 across the United Kingdom.
Why the Coffee & Wine Bar sector might be a good option for you
Are you interested in the Coffee & Wine Bar sector? If so, there are 14 available franchises to choose from across the UK. In fact, the Food industry as a whole offers a wide variety of franchises to invest in, including three Smoothie franchises, five Chocolate franchises, six Bakery franchises, seven Vegan franchises and 14 Drinks franchises. Have a look at our available brands to find a potential match.
Want to know more? Read about these three brands
If you plan to invest in the Coffee & Wine Bar sector, Coffee Blue could be a good option. The brand is growing, with 10 outlets already in operation, and a desire to expand further. Opening a Coffee Blue business requires a reasonable initial investment of £41,945. If you plan on getting a loan to cover the startup costs, Coffee Blue asks for a personal investment of at least £8,000. For most franchises, this amount represents 30 to 50% of the total investment. Given these low startup costs, this option could be suitable for first-time franchisees.
Check out Dunkin' Donuts. Launched in 1970, Dunkin' Donuts now has 50 years of experience in the sector, making it a strong leader. The brand has developed over time and now operates in 11,000 different locations. 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. It is thus less appropriate for new investors. You could also benefit from financial assistance, if eligible.
Finally, take a look at CAVAVIN, another interesting Coffee & Wine Bar franchise. The brand's network is significant, counting 160 locations across the UK. In order to open a CAVAVIN business, a significant initial investment of £100,000 is required. If you plan on getting a loan to cover the startup costs, you will typically need to cover 30 to 50% of the total investment yourself. CAVAVIN asks for a personal investment of at least £40,000. 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. If eligible, you might be entitled to financial aid. Visit our website for more information.
The Coffee & Wine Bar sector has many successful franchise businesses. We currently have 14 options available in this sector. If you're still torn between different sectors, no problem! Point Franchise offers close to 250 franchising opportunities across many different sectors. Enjoy exploring your options.
Data on this page was provided by NOMIS and the ONS. This content was machine-generated in partnership with LabSense.