Drinks Franchise opportunities to start in Derby
What to consider when starting a franchise in Derby
Derby, located in the East Midlands, currently offers many franchising opportunities. As a franchisee, you could manage your own business while receiving expert training and support from an established brand. Keep reading to explore the options in the Derby area. We offer a number of realistic new business investment options, so that you can find one you like.
An estimated 257,000 people currently live in Derby. The majority of the population sits within the 20-39 age group. The local unemployment rate of 4.2% among 124,600 economically active people, or 77.4% of the population, is in line with the average in the UK. For the Derby area, the average income is £29,895, which is in line with the national average salary of just over £30,500.
Why Coffee & Wine Bar businesses appeal to franchisees
If you wish to open a business in the Coffee & Wine Bar sector, take a look at our 14 brands currently recruiting franchisees in the sector. The Coffee & Wine Bar sector is actually part of the Food industry which offers a wider selection. There are currently seven Vegan franchises, three Donut franchises, six Milkshake franchises, four Waffle franchises and 23 Food and Beverage franchises recruiting at this time. Amongst these opportunities, there is likely to be one to suit your career goals and aspirations. The Hospitality and Food Services industry provides work for many people. In Derby, businesses currently employ 9,000 people in the industry.
Three brands worth your attention
If you are interested in running a business in the Coffee & Wine Bar sector, read about Punch Pubs & Co. Franchisees benefit from this company's wide network, which operates across 1,300 franchise locations. A total of £13,000, an affordable initial investment, is required to open a Punch Pubs & Co franchise. You might want to consider getting a loan to cover the startup costs, in which case at least £8,000 of the total investment should come from your personal funds. These relatively low startup costs make it a good option to pursue for first-time franchisees.
Another option worth considering is Veeno. By joining its eight franchises already in operation, you could contribute to this company's expansion. In order to open a Veeno business, an initial investment of £80,000 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. Veeno asks for a personal investment of at least £35,000. 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. Also, if you can't afford the startup costs on your own, you may qualify for financial assistance.
The Coffee & Wine Bar sector has many brands worth considering. As a final example, have a look at Caprinos Pizza. By joining its network of 16 franchisees, you could contribute to this brand's success. An initial investment of £65,000 will enable you to open your own Caprinos Pizza business. In most cases, your personal investment should represent 30 to 50% of the total amount. Caprinos Pizza requires you to personally invest at least £50,000. You could potentially apply for a loan to cover the remaining 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. You could also benefit from financial aid, if eligible. See eligibility details on our website.
Eager to read more about business opportunities in the Coffee & Wine Bar sector? Check out our 14 available options. You will find a total of almost 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 page contains data provided by NOMIS and the ONS. This content was automatically generated by LabSense.
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