Drinks Franchise opportunities to start in Tynemouth

Starting a new business in Tynemouth

Would you like to open a business in Tynemouth, located in the North East of England? Would you like to work for yourself but not on your own? If so, take a look at our franchising options. On this page, you'll find several companies offering the training and support you need to run your own business in the North Tyneside area. There are a variety of franchising opportunities available based on your budget and career goals. Have a browse to find the brand that appeals to you most.

The population of North Tyneside is made up of 206,000 people. The most prevalent age group in the population falls in the 40-59 age bracket. The economically active population in North Tyneside amounts to 102,600 people, with an unemployment rate of 3%. This rate is lower than the national average. The average annual income across the UK is £30,629. With a gross salary averaging £27,665, residents of North Tyneside have a slightly lower salary than the national average.

Have you considered the Coffee & Wine Bar sector?

Across the United Kingdom, you will find 14 franchises operating in the Coffee & Wine Bar sector. The Coffee & Wine Bar sector is just one sector among many in the Food industry. Its three Catering franchises, six Bakery franchises, eight Ice Cream franchises, three Wine franchises and six Milkshake franchises are also worth considering. Let our selection of brands be your guide to starting your next exciting business opportunity. In North Tyneside, the Hospitality and Food Services industry already provides work for nearly 6,000 people, potentially making this path an ideal one for you, too!

Read about these three brands to see what franchise options exist

Auntie Anne's is a competitive business operating in the Coffee & Wine Bar sector. In business since 1988, Auntie Anne's, now a leader in the sector, has gained 32 years of experience since first opening. A total of £145,000, a substantial initial investment, is required to start an Auntie Anne's franchise. You might want to consider getting a loan to cover the startup costs, in which case at least £40,000 of the total investment should come from your personal funds. Due to the higher startup costs, this option is not advisable for first-time franchisees. Financial support is available for eligible franchisees.

NKD Pizza is another interesting option. The brand is expanding, with 25 locations already in operation, and a desire to expand further. You will need to invest in a large premises to operate this business. Eligible candidates may apply for financial aid.

Finally, Really Awesome Coffee is another interesting brand operating in the Coffee & Wine Bar sector. To start your business, you will need an initial investment of £69,000. 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 typically be required. For Really Awesome Coffee, the minimum personal investment is £9,300. These relatively low startup costs make it a good option to pursue for first-time franchisees. By investing in this franchise, you may be eligible for financial assistance. See our website for details.

We offer a total of 14 businesses in the Coffee & Wine Bar sector. If you're interested, see if the perfect investment opportunity for you is among them. At Point Franchise, we are proud to offer 236 franchise options across different sectors, helping you find the perfect business opportunities for you.

NOMIS and the ONS provided the data shown on this page. This text was automatically generated by LabSense.