Drinks Franchise opportunities to start in Hyde
Hyde is an attractive town to invest in
If you'd like to run your own business but don't know where to start, a franchise might just be the answer. Hyde, situated in South West England, could be a good place to start as there are many businesses currently recruiting franchisees in the Gloucestershire area. Exploring our range of brands and sectors will allow you to pinpoint the type of business that is right for you.
Gloucestershire has an estimated population of 634,000 people. The age group with the highest concentration is 40-59. The region has 321,100 economically active people, representing 84.8% of the population, with an unemployment rate of 3.4%. This rate is lower than the country's 4% national average. Gloucestershire has an average annual income of £30,049, which is in line with the national average salary of close to £31,000.
Does the Coffee & Wine Bar sector appeal to you?
Are you interested in running your own business in the Coffee & Wine Bar sector? Have a look at our 14 franchise opportunities available in this field. The Coffee & Wine Bar sector is part of the Food industry which offers a wide selection of interesting options. These include three Catering franchises, three Donut franchises, 14 Drinks franchises, three Smoothie franchises and nine Healthy Food franchises. See if any catch your eye. In Gloucestershire, the Hospitality and Food Services industry already provides employment for nearly 26,000 people, potentially making this path an ideal one for you, too!
Take a look at these three business examples
If you would like to invest in a Coffee & Wine Bar business, you could consider CAVAVIN. By joining its network of 160 franchisees, you would become a part of a well-established business community. A total of £100,000, a significant initial investment, is required to start a CAVAVIN franchise. You might want to consider getting a loan to cover the startup costs, in which case at least £40,000 of the total investment should come from your personal funds. The higher startup costs make this 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. By investing in this franchise, you may qualify for financial support.
Another interesting franchise option is Auntie Anne's, which has been operating since 1988. Auntie Anne's has acquired expertise and customer loyalty in its 32 years since opening. The brand has developed over time and now operates in 2,000 different locations. You will need to invest £145,000 to begin running your own Auntie Anne's business, which is a substantial initial investment. Your personal investment should account for at least £40,000 of the total amount. Due to the higher startup costs, this option is not advisable for first-time franchisees. Also, if you can't afford the startup costs on your own, you may qualify for financial assistance.
As a final example, check out Snappy Tomato Pizza. The brand is expanding, with 19 locations currently in operation, and a desire to expand further. To start your business, you will need an initial investment of £25,000. 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 Snappy Tomato Pizza, the minimum personal investment is £5,000. These low startup costs make it a good option to pursue for first-time franchisees. A large premises will also be required to operate this business. Eligible candidates may apply for financial aid. See our website for more information.
Many businesses are already operating in the Coffee & Wine Bar sector. We currently have 14 franchise options available in the sector. If this sector doesn't suit your needs, don't worry. Point Franchise offers almost 250 franchise options across a variety of sectors to help you find your perfect investment opportunity.
Data on this page was provided by NOMIS and the ONS. This content was machine-generated in partnership with LabSense.