Drinks Franchise opportunities to start in Nottingham
Is Nottingham a good place to be a franchisee?
Nottingham, 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 Nottingham area. Why not have a look through our range of franchising options? There are opportunities to suit many needs and business goals.
There are 331,000 people living in the Nottingham area. Residents aged 20 to 39 years old are the most represented within the population. The region has an economically active population of 155,900 people, or 69.5% of the total population. The unemployment rate (8%) is high compared to the rest of the United Kingdom. The United Kingdom's annual average salary is just over £30,500. Salaries in Nottingham are lower in comparison, averaging £24,333 a year.
Running a Coffee & Wine Bar franchise business
If you're thinking about becoming a franchisee in the Coffee & Wine Bar sector, check out our 14 franchise options currently available in the sector. The Coffee & Wine Bar sector is actually part of the Food industry which offers a wider selection. There are currently 14 Drinks franchises, seven Vegan franchises, three Catering franchises, 23 Food and Beverage franchises and three Donut franchises recruiting at this time. Amongst these opportunities, there is likely to be one to suit your career goals and aspirations.
Eager to find out more? Here are three franchise business examples
Really Awesome Coffee is an interesting investment opportunity in the Coffee & Wine Bar sector. The brand is expanding, with 54 outlets already in operation, and a desire to expand further. Starting a Really Awesome Coffee business requires an affordable initial investment of £69,000. If you plan on getting a loan to cover the startup costs, Really Awesome Coffee asks for a personal investment of at least £9,300. For most franchises, this amount represents 30 to 50% of the total investment. Given these low startup costs, this option could be suitable for first-time franchisees. Really Awesome Coffee also provides training and support to help you run your business efficiently.
Another possibility to consider is Coffee Blue. This brand is developing, counting 10 locations across the UK. To start your own Coffee Blue franchise, you will need to invest £43,305, of which at least £8,000 should be your own personal investment. You could get a loan to help cover the remaining startup costs. Given these low startup costs, this opportunity is suitable for both first-time investors and established franchisees. You may feel more secure in starting a Coffee Blue franchise knowing that franchisees can benefit from full training, assistance and support. Eligible candidates may also apply for financial assistance.
The Coffee & Wine Bar sector has many brands worth considering. As a final example, take a look at Veeno. By joining its current eight franchisees, you would be joining a growing brand network. To start your own Veeno franchise, you will need to invest £80,000, of which at least £35,000 should be your own personal investment. You could apply for a loan to help cover the remaining startup 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. If you feel uncertain about starting your own business, you may feel more secure in taking on a franchise. Veeno can support you with comprehensive training and assistance to help your business reach its full potential. What's more, financial support is available for eligible franchisees. Visit our website for more information.
If you would like to work in the Coffee & Wine Bar sector, the perfect investment opportunity could be waiting for you among our 14 available franchises in the sector. Whether you've already decided to invest or are still weighing your options, it's worth looking at different sectors. At Point Franchise, we have a total of almost 250 franchising opportunities to help you find the perfect fit.
This page contains data provided by NOMIS and the ONS. This content was automatically generated by LabSense.