Drinks Franchise opportunities to start in Manchester
Thinking about living and working in Manchester?
Located in North West England, Manchester is an area with business opportunities on the rise. If working as your own boss with a team behind you sounds appealing, check out our franchising possibilities in Manchester and take the first step towards running your own business. If you already know which line of work you'd like to pursue, explore our franchise opportunities in that sector. If not, have a browse and see what other options catch your eye. We have brands to suit many different interests and career objectives.
According to recent census data, there are 548,000 people living in Manchester. Residents aged 20 to 39 years old are the most represented in the population. The local unemployment rate of 6.3% among 276,800 economically active people, or 71.3% of the population, is slightly higher than the average in the UK. The area's average gross annual income of £25,609 is slightly lower than the average income of £30,629 across the UK.
Why the Coffee & Wine Bar sector might be a good option for you
In the UK, there are 14 franchises recruiting in the Coffee & Wine Bar sector. The Coffee & Wine Bar sector is just one sector among many in the Food sector. Its 23 Food and Beverage franchises, three Natural Food franchises, eight Ice Cream franchises, 15 Dessert franchises and three Donut franchises are also worth considering. Let our selection of brands be your guide to starting your next exciting business opportunity. In Manchester, the Hospitality and Food Services industry already provides employment for nearly 36,000 people, potentially making this path an ideal one for you, too!
Three franchise business examples
If you're interested in the Coffee & Wine Bar sector, take a look at Esquires Coffee. By joining its network of 103 franchisees, you would become a part of a well-established business community. It has been operating since 2000. Esquires Coffee has acquired valuable experience in the sector in its 20 years since first opening. You will need an initial investment of £225,000 to start your own Esquires Coffee business. Your personal investment should account for at least £85,000 of the total amount. You may want to consider getting a loan to open a business in this sector. Due to the higher startup costs, this option is not advisable for first-time franchisees. If you choose to invest in this franchise, you will be offered comprehensive training and support, giving your business the best possible chance to succeed. Financial aid is also available, providing you meet the eligibility criteria.
The Coffee & Wine Bar sector has many brands worth considering. Have a look at Cinnabon. Initially established in 2004, Cinnabon now has over 16 years of experience under its belt. Franchisees benefit from this company's wide network, which operates across 1,300 franchise locations. If you are unsure about starting your own business, taking on an established franchise could be the answer. Cinnabon offers full training and support, ensuring that its franchisees are well-equipped to succeed.
CAVAVIN is a third interesting franchise option in the Coffee & Wine Bar sector. The brand benefits from a strong network and good exposure, operating in 160 franchise outlets. This business requires a significant initial investment of £100,000. 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 open a CAVAVIN business is £40,000. Given these higher startup costs, this is 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. By investing in this established brand, you can gain access to expert training and support and could even be eligible for financial assistance. See eligibility details on our website.
There are 14 franchises waiting to be discovered in the Coffee & Wine Bar sector. Whether you've already made the decision to invest or are still weighing your options, it's worth looking at different sectors. At Point Franchise, we have a total of 238 franchising opportunities to help you find the perfect fit.
This text was automatically generated in partnership with LabSense, using data collected from NOMIS and the ONS.