Drinks Franchise opportunities to start in Doncaster
Doncaster and its prospects for new Businesses
Would you like to run your own business? Doncaster, located in Yorkshire and the Humber, could be a good place to start. There are many brands currently recruiting franchisees in the Doncaster area. Franchising gives you the opportunity to run your own business while benefitting from the support of an established brand. Deciding which sector you'd like to work in will lead you to the businesses that best suit your needs and career goals.
The Doncaster area has a population of 311,000 residents. The majority of residents are aged 40 to 59 years old. The 7.4% unemployment rate among 144,400 economically active people in the area is slightly higher than the national average. The average annual salary across the United Kingdom is just over £30,500. With a gross income averaging £25,545, residents of Doncaster have a slightly lower salary than the national average.
The Coffee & Wine Bar sector could be the right choice for you
There are 14 brands currently looking for franchisees in the Coffee & Wine Bar sector. If this sector appeals to you, check them out. Bear in mind that the Food industry offers many investment opportunities in addition to those in the Coffee & Wine Bar sector. Have a browse through our 15 Dessert franchise, eight Ice Cream franchises, five Tea franchises, six Bakery franchises and three Weight Loss franchises to see if any suit your career goals and aspirations. Moreover, the number of people currently employed in a specific industry gives an indication of how dynamic it is. In the Doncaster area, 7,000 people work for Hospitality and Food Services companies.
Three franchise business examples
If working in the Coffee & Wine Bar sector appeals to you, take a look at Rooster Shack. By joining its network of two franchisees, you could contribute to this brand's success. This business requires a substantial initial investment of £150,000. If you intend to get a loan to cover startup costs, you should anticipate adding a personal investment of 30 to 50% of the total investment as a general rule. The minimal personal investment to start a Rooster Shack business is £75,000. Due to the higher startup costs, this option is not recommended for first-time franchisees. You will also need to invest in a large premises to operate this business. You could also receive financial aid, if eligible.
Another option worth considering is Dunkin' Donuts. First launched in 1970, the brand has grown a dedicated following over the past 50 years. With a vast network of 11,000 locations, the brand knows how to support its franchisees. This business opportunity requires a substantial initial investment of £3,000,000. You could get a loan to help cover startup costs, in which case your personal investment will generally need to cover 30 to 50% of the total investment. Dunkin' Donuts requires a minimum personal investment of £1,200,000. Due to the higher startup costs, this option is not recommended for first-time franchisees. If you can't cover the startup costs on your own, you may be eligible for financial assistance.
The Coffee & Wine Bar sector has many brands worth considering. As a final example, check out Auntie Anne's. First established in 1988, the company has built strong customer loyalty over the past 32 years. A network of 2,000 franchisees promotes the brand's visibility. In order to open an Auntie Anne's business, a substantial initial investment of £145,000 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. Auntie Anne's asks for a personal investment of at least £40,000. Given these higher startup costs, this opportunity is less suitable for first-time franchisees. By investing in this established brand, you could qualify for financial aid. See our website for more information.
If you are thinking about running a franchise business in the Coffee & Wine Bar sector, you might be interested to browse our 14 available brands. Point Franchise has almost 250 franchising opportunities across a wide range of sectors. So if this sector isn't for you, there are still lots of investment options to explore.
This page contains data collected from NOMIS and the ONS. This content was automatically generated by LabSense.
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