Drinks Franchise opportunities to start in Newark-on-Trent
Why should you invest in Newark-on-Trent?
Would you like to open a business in Newark-on-Trent, located in the East Midlands? Would you like to work for yourself but not on your own? If so, take a look at our franchising opportunities. On this page, you'll find several companies offering the training and support you need to run your own business in the Newark and Sherwood area. There are a variety of new business investment options available based on your budget and career goals. Have a browse to find the brand that appeals to you most.
According to recent census data, there are 122,000 people in Newark and Sherwood. The population's most prevalent age group is made up of 60+ year olds. The local unemployment rate of 6% is high compared to the UK average of 4%. The local labour force consists of 57,000 people, representing 77.9% of the population. The UK's annual average salary is just over £30,500. Salaries in Newark and Sherwood are slightly lower in comparison, averaging £28,564 a year.
Does the Coffee & Wine Bar sector appeal to you?
Are you interested in the Coffee & Wine Bar sector? If so, there are 14 available brands to choose from across the UK. The Coffee & Wine Bar sector is a part of the Food sector. Other brands recruiting in this industry include 15 Dessert franchises, 11 Sweets franchises, five Juice franchises, five Tea franchises and seven Vegan franchises. Among these franchising opportunities, there will likely be one that fits your career goals and aspirations. In Newark and Sherwood, there are currently 6,000 people employed in the Hospitality and Food Services industry, so you would be joining an established business community.
Here are three examples of franchise businesses
The Coffee & Wine Bar sector offers a range of brands to choose from, including Veeno. By joining its eight franchises already in operation, you could contribute to this company's expansion. In order to start 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 generally need to cover 30 to 50% of the total investment yourself. Veeno requires 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.
If the Coffee & Wine Bar sector appeals to you, Auntie Anne's is another option you could consider. Initially established in 1988, Auntie Anne's has gained many devoted customers over the past 32 years. The brand has expanded over time and now runs in 2,000 different locations. A substantial initial investment of £145,000 will enable you to open your own Auntie Anne's business. In most cases, your personal investment should represent 30 to 50% of the total amount. Auntie Anne's requires you to personally invest at least £40,000. You could potentially get a loan to cover the remaining costs. 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 assistance.
Finally, another option to consider is Really Awesome Coffee. The brand is developing, with 54 outlets already in operation, and a desire to expand further. You will need to invest £69,000 to begin operating your own Really Awesome Coffee business, which is an affordable initial investment. Your personal investment should account for at least £9,300 of the total amount. Given these low startup costs, this option could be suitable for first-time franchisees. If eligible, you might be entitled to financial aid. Visit our website for details.
The Coffee & Wine Bar sector has many successful franchise businesses. We currently have 14 options available in this sector. If this sector doesn't suit your needs, don't worry. Point Franchise offers almost 250 franchise options across a range of sectors to help you find your perfect investment opportunity.
This page contains data collected from NOMIS and the ONS. This content was automatically generated by LabSense.