Drinks Franchise opportunities to start in Loughborough
Investing in a franchise in Loughborough
Loughborough, 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 Charnwood area. To start off with, look for the line of work that interests you the most. This is a quick way to find the brand best suited to you.
The population of Charnwood is made up of 183,000 people. The most represented age range is 20-39 years old. The local labour force consists of 96,200 people, or 81.3% of the total population. With an unemployment rate of 3.1%, recent data shows that employment in this area is lower than in the rest of the UK. The average gross income in the UK is £30,629. Residents of Charnwood earn £28,053 a year on average.
Why choose to operate in the Coffee & Wine Bar sector?
Are you interested in the Coffee & Wine Bar sector? You're likely to come across a franchise worth considering among 14 brands across the UK. This is just one of the sectors you could choose within the Food industry. There are also five Juice franchises, 23 Food and Beverage franchises, three Natural Food franchises, six Milkshake franchises and three Donut franchises. Have a browse and find out if any are a good fit for you. The Hospitality and Food Services industry provides work for many people. In Charnwood, businesses currently employ 4,500 people in the industry.
Three franchise business examples
If working in the Coffee & Wine Bar sector appeals to you, have a look at Rooster Shack. By joining its current two franchisees, you would be joining a growing brand network. You will need an initial investment of £150,000 to open your own Rooster Shack business. Your personal investment should account for at least £75,000 of the total amount. You may want to think about getting a loan to start a business in this sector. The higher startup costs make this an opportunity best suited for most established franchisees with greater access to financial resources. A large premises will also be required to operate this business. Also, if you can't afford the startup costs alone, you may be able to benefit from financial assistance.
Dunkin' Donuts could be another good option for you to invest in. First established in 1970, the brand has grown a loyal following over the past 50 years. It is now firmly rooted in the market, counting 11,000 franchise outlets. Starting a Dunkin' Donuts franchise will require you to invest a minimum of £3,000,000. At least £1,200,000 of this should come from your own personal investment. Given these higher startup costs, this opportunity is less suitable for first-time franchisees. If you can't cover the startup costs on your own, you may be eligible for financial aid.
Lastly, another option to consider is Punch Pubs & Co. The brand has expanded over time and now operates in 1,300 different locations. An affordable initial investment of £13,000 will enable you to start your own Punch Pubs & Co business. In most cases, your personal investment should represent 30 to 50% of the total amount. Punch Pubs & Co requires you to personally invest at least £8,000. You could potentially apply for a loan to cover the remaining costs. These relatively low startup costs make it a good option to pursue for first-time franchisees. Financial aid can be given in some circumstances. See our website for more information.
The Coffee & Wine Bar sector currently has 14 franchising opportunities. You will find a total of close to 250 franchise options on Point Franchise. So if you are still looking for the perfect business opportunity, there are still plenty of options for you to explore.
This page contains machine-generated content provided by LabSense, using data collected from NOMIS and the ONS.