Drinks Franchise opportunities to start in Lancaster
Starting a franchise business in Lancaster
If you'd like to run your own business but don't know where to start, a franchise might just be the answer. Lancaster, situated in North West England, could be a good place to start as there are many businesses currently recruiting franchisees in the Lancaster area. By browsing the sectors that appeal to you the most, you will find the franchises that best suit your interests and career objectives.
The Lancaster region has 144,000 residents. Residents aged 20 to 39 years old have the highest concentration in the population. The 4.7% unemployment rate among 62,900 economically active people in the area is slightly higher than the national average. The annual income in the United Kingdom is close to £31,000 on average. The people of Lancaster earn an average annual salary of £27,639, slightly lower than the national average.
Why choose to work in the Coffee & Wine Bar sector?
If you would like to operate a Coffee & Wine Bar franchise, you are likely to find one that appeals to you among 14 available across the UK. The Coffee & Wine Bar sector is part of the Food industry which offers a wide range of interesting options. These include 14 Drinks franchises, three Wine franchises, 23 Food and Beverage franchises, 11 Sweets franchises and four Waffle franchises. See if any catch your eye. Hospitality and Food Services is a well-established industry, providing employment for 4,500 people in Lancaster alone.
Three franchise business examples worth looking at
Punch Pubs & Co is a competitive brand operating in the Coffee & Wine Bar sector. Franchisees benefit from this company's wide network, which operates across 1,300 franchise locations. Opening a Punch Pubs & Co business requires an affordable initial investment of £13,000. If you plan on getting a loan to cover the startup costs, Punch Pubs & Co 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 opportunity is suitable for both first-time investors and established franchisees. A small premises will also be required to operate this business. You could also receive financial assistance, if eligible.
Another option worth considering is Snappy Tomato Pizza. By joining its current 19 franchisees, you would be joining a growing brand network. In order to start a Snappy Tomato Pizza business, a reasonable initial investment of £25,000 is required. If you plan on getting a loan to cover the startup costs, you will generally need to cover 30 to 50% of the total investment yourself. Snappy Tomato Pizza requires a personal investment of at least £5,000. Given these low startup costs, this option could be suitable for first-time franchisees. You will also need to invest in a large premises to operate this business. If you can't cover the startup costs on your own, you may qualify for financial aid.
As a final example, take a look at CAVAVIN. By joining its network of 160 franchisees, you would become a part of a well-established business community. To start your own CAVAVIN franchise, you will need to invest £100,000, of which at least £40,000 should be your own personal investment. You could get a loan to help cover the remaining startup costs. Due to the higher startup costs, this option is not recommended for first-time franchisees. A large premises will also be required to operate this business. If you can't afford the startup costs on your own, you may be eligible for financial aid. Visit our website for more information.
Many businesses are already operating in the Coffee & Wine Bar sector. We currently have 14 franchise options available in the sector. At Point Franchise, we are proud to offer close to 250 franchise options across various sectors, helping you find the perfect business opportunities for you.
This page contains data provided by NOMIS and the ONS. This content was automatically generated by LabSense.