Drinks Franchise opportunities to start in Wallsend
Starting a new business in Wallsend
You could start your own business by becoming a franchisee in Wallsend. There are a number of opportunities to choose from in North Tyneside, located in the North East of England. Check out our selection of brands and start managing your own business with a team behind you. To begin, look for the line of work that appeals to you the most. This is a quick way to find the franchise best suited to you.
According to recent census data, 206,000 people live in North Tyneside. Residents aged 40 to 59 years old are the most represented within the population. The area has a 3% unemployment rate, which is lower than the national average of 4%. Overall, the region's economically active population consists of 102,600 people or 80.4% of the total population. The region's average gross annual income of £27,665 is slightly lower than the average income of just over £30,500 across the UK.
Why open a business in the Coffee & Wine Bar sector?
In the United Kingdom, you will find 14 franchises recruiting in the Coffee & Wine Bar sector. The Coffee & Wine Bar sector is a part of the Food industry. Other brands recruiting in this industry include three Weight Loss franchises, five Juice franchises, 15 Dessert franchises, four Waffle franchises and nine Healthy Food franchises. Among these franchising options, there will likely be one that fits your career goals and aspirations. If you want to work in the Hospitality and Food Services industry, you may be interested to know that, in the North Tyneside area, 6,000 people currently work in the industry.
Three examples of available franchise business possibilities
CAVAVIN operates in the Coffee & Wine Bar sector. By joining its network of 160 franchisees, you would become a part of a strong business community. You will need to invest £100,000 to start running your own CAVAVIN business, which is a substantial initial investment. Your personal investment should account for at least £40,000 of the total amount. The higher startup costs make this an opportunity best suited for most established franchisees with greater access to financial resources. You will also need to invest in a large premises to operate this business.
Take a look at Coffee Blue, another competitive Coffee & Wine Bar franchise. The brand is expanding, with 10 outlets currently in operation, and a desire to expand further. Starting a Coffee Blue business requires a reasonable initial investment of £41,945. At least £8,000 should come from your own personal investment. Given these low startup costs, this opportunity is suitable for both first-time investors and established franchisees.
Lastly, another brand worth considering is Punch Pubs & Co. With a significant network of 1,300 locations, the brand knows how to support its franchisees. To start your business, you will need an initial investment of £13,000. 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 Punch Pubs & Co, the minimum personal investment is £8,000. Given these low startup costs, this opportunity is suitable for both first-time investors and established franchisees. Financial assistance can be given in some circumstances. See eligibility details on our website.
The Coffee & Wine Bar sector has many successful franchise businesses. We currently have 14 options available in this sector. Don't forget that we offer new business investment ranges across many different sectors on Point Franchise. If you're still looking for the perfect match, just explore our option of close to 250 franchising possibilities.
Data on this page was provided by NOMIS and the ONS. This content was machine-generated in partnership with LabSense.