Drinks Franchise opportunities to start in West Bromwich
Opening a franchise business in West Bromwich
Located in the West Midlands, West Bromwich is an area with business opportunities on the rise. If working as your own boss with a team behind you sounds appealing, have a look at our franchising options in Sandwell and take the first step towards managing your own business. By exploring the sectors that appeal to you the most, you will find the brands that best suit your interests and business goals.
The population of Sandwell is 327,000. Residents aged 20 to 39 years old have the highest concentration within the population. The 5.3% unemployment rate among 153,400 economically active people in the region is slightly higher than the national average. Across the United Kingdom, the average gross income is £30,629. In the Sandwell area, it is £23,823.
Why the Coffee & Wine Bar sector might be a good option for you
Across the United Kingdom, there are currently 14 opportunities to run your own franchise in the Coffee & Wine Bar sector. In fact, we have a wide range of options in the Food industry including the franchises in the Coffee & Wine Bar sector. You can pick from seven Vegan franchises, five Chocolate franchises, four Waffle franchises, six Bakery franchises and 11 Sweets franchise today. If you are considering joining the Hospitality and Food Services industry, it may interest you to know that 5,000 people have already made the decision to work in this field in the Sandwell area.
Three franchise business examples worth looking at
Caprinos Pizza operates in the Coffee & Wine Bar sector. The brand is developing, with 16 outlet currently in operation, and a desire to expand further. To start your business, you will need an initial investment of £65,000. 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 generally be required. For Caprinos Pizza, the minimum personal investment is £50,000. 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. Financial assistance is available for eligible franchisees.
Veeno could be another good option for you to invest in. There are eight location open so far, and the network is expanding. 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 usually 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 opportunity is less suitable for first-time franchisees. A large premises will also be required to operate this business. Also, if you can't afford the startup costs on your own, you may qualify for financial support.
Finally, CAVAVIN is another interesting franchise option if you plan to invest in the Coffee & Wine Bar sector. The brand has a well-established network and good visibility, operating in 160 franchise outlets. To open your own CAVAVIN franchise, you will need to invest £100,000, of which at least £40,000 should be your own personal investment. You could apply for a loan to help cover the remaining startup costs. It is thus less appropriate for new investors. Financial aid can be provided in some circumstances. Visit our website for details.
The Coffee & Wine Bar sector has many successful franchise businesses. We currently have 14 opportunities available in this sector. Point Franchise offers a total of close to 250 franchising opportunities across a variety of sectors. So, if you're still looking for a brand that meets your needs, there are plenty of options for you to explore.
This page contains data collected from NOMIS and the ONS. This content was automatically generated by LabSense.