Drinks Franchise opportunities to start in Aldridge
Aldridge: A great location to start a business
If you'd like to open your own business but don't know where to start, a franchise might just be the answer. Aldridge, situated in the West Midlands, could be a good place to start as there are many businesses currently recruiting franchisees in the Walsall area. Deciding which sector you'd like to work in will lead you to the brands that best suit your needs and business objectives.
The population of Walsall is 283,000. The population's most prevalent age group is made up of 0-19 year olds. Approximately 130,000 people are economically active in the community, representing 75.7% of the population. The unemployment rate 6.7% is high compared to the UK average 4%. With an average gross annual income of £24,014, salaries in Walsall are lower than the average income of £30,629 across the United Kingdom.
Have you considered the Coffee & Wine Bar sector?
Across the UK, there are currently 14 opportunities to run your own franchise in the Coffee & Wine Bar sector. The Coffee & Wine Bar sector is actually part of the Food sector which offers a wider selection. There are currently 23 Food and Beverage franchises, three Natural Food franchises, nine Healthy Food franchises, four Waffle franchises and 11 Sweets franchises recruiting at this time. Amongst these opportunities, there is likely to be one to suit your career goals and aspirations. If you are thinking about starting a business in Hospitality and Food Services, Walsall could be a good place to do it. Indeed, 4,000 people have already made the decision to work in this industry in the Walsall area.
Three franchise businesses worth reading about
Really Awesome Coffee is an interesting franchising opportunity if you plan to invest in the Coffee & Wine Bar sector. By joining its current 54 franchisees, you would become a part of a growing brand network. 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 usually be required. For Really Awesome Coffee, the minimum personal investment is £9,300. Whether you're an established franchisee or a first-time investor, the low startup costs mean that this could be a good option for you. Training and assistance provided by Really Awesome Coffee will help you lead your business in the right direction. And, if eligible, you might be able to benefit from financial aid. Visit our website for more information.
Veeno is another interesting option. By joining its network of eight franchisees, you could contribute to this brand's success. Opening a Veeno business requires an initial investment of £80,000. At least £35,000 should come from your own personal investment. It is thus less appropriate for new investors. A large premises will also be required to operate this business. An investment in this franchise entitles you to expert training and support as well as financial assistance, if eligible.
Finally, another option to consider is Esquires Coffee, a brand that has been operating since 2000. Esquires Coffee has developed a comprehensive support package, based on 20 years of experience in the business. The brand's network is vast, counting 103 outlets in the United Kingdom. To start your business, you will need an initial investment of £225,000. If you plan on getting a loan to cover the costs of opening a franchise, a personal investment of 30 to 50% of the total amount will usually be required. For Esquires Coffee, the minimum personal investment is £85,000. The higher startup costs make this an opportunity best suited for most established franchisees with greater access to financial resources. If you are unsure about starting your own business, taking on an established franchise could be the answer. Esquires Coffee provides full training and support, ensuring that its franchisees are well-equipped to succeed. Also, if you can't afford the startup costs on your own, you may qualify for financial support. See eligibility details on our website.
If working in the Coffee & Wine Bar sector appeals to you, have a look at our 14 available investment options in the sector. You will find a total of close to 250 franchise possibilities here on Point Franchise. So if you haven't settled on one sector yet, take your time and explore all the options.
This text was automatically generated in partnership with LabSense, using data collected from NOMIS and the ONS.