Drinks Franchise opportunities to start in Telford
Why should you invest in Telford?
If you want to start your own business, you may find that Telford has a lot to offer. Many companies are currently recruiting franchisees in the Telford and Wrekin area. Read on to see if running a franchise could be a good option for you! To start off with, look for the line of work that appeals to you the most. This is a quick way to find the brand best suited to you.
The population of Telford and Wrekin is 178,000. The majority of the population falls within the 40-59 age category. Approximately 88,300 people are economically active in the community, representing 80.4% of the population. The unemployment rate (4.5%) is high compared to the UK average (4%). With an average gross annual income of £25,758, salaries in Telford and Wrekin are slightly lower than the average income of close to £31,000 across the United Kingdom.
Why the Coffee & Wine Bar sector might be a good option for you
There are currently 14 opportunities to invest in the Coffee & Wine Bar sector. If you would like to operate a business in this field, keep reading. The Coffee & Wine Bar sector is a part of the Food sector. Other brands recruiting in this industry include three Wine franchises, 11 Sweets franchises, eight Ice Cream franchises, 14 Drinks franchises and six Bakery franchises. Among these new business investment options, there will likely be one that fits your career goals and aspirations. Opening a business is not a simple feat, but becoming a franchisee makes running your own business much more feasible. The Telford and Wrekin area offers plenty of opportunities for starting a new and exciting business venture of your own. The Hospitality and Food Services industry is a busy one in the region, already employing 4,000 people. So, what is stopping you from opening your own business in Telford and Wrekin today?
Here are three examples of franchise businesses
If you're interested in the Coffee & Wine Bar sector, have a look at Snappy Tomato Pizza. The brand is developing, with 19 locations currently in operation, and a desire to expand further. This business requires a reasonable initial investment of £25,000. If you plan on getting 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 Snappy Tomato Pizza business is £5,000. These low startup costs make this a good franchising option for first-time franchisees. You will also need to invest in a large premises to operate this business. If you decide to invest in this franchise, financial aid is available, providing you meet the eligibility criteria.
Another opportunity worth considering is Dunkin' Donuts. First launched in 1970, Dunkin' Donuts has grown a dedicated following since opening 50 years ago. With a significant network of 11,000 outlets, the brand knows how to support its franchisees. You will need to invest £3,000,000 to start operating your own Dunkin' Donuts business, which is a significant initial investment. Your personal investment should account for at least £1,200,000 of the total amount. Given these higher startup costs, this is an opportunity best suited for most established franchisees with greater access to financial resources. An investment in this franchise entitles you to financial assistance, if eligible.
Finally, another interesting franchise option is Tubz Vending. The brand's network is made up of 300 franchisees, which promote its exposure. Opening a Tubz Vending business requires an initial investment of £3,295. These low startup costs make this a good franchising option for first-time franchisees. Financial aid can be provided in some circumstances. Visit our website for details.
If you would like to know more about franchise opportunities in the Coffee & Wine Bar sector, have a look through our 14 available options. If you're still torn between different sectors, no problem! Point Franchise offers almost 250 franchising opportunities across a variety of sectors. Enjoy exploring your options.
This text was automatically generated in partnership with LabSense, using data collected from NOMIS and the ONS.