Drinks Franchise opportunities to start in Loughton
Loughton and its prospects for new Businesses
If you want to open your own business, you may find that Loughton has a lot to offer. Several brands are currently recruiting franchisees in the Milton Keynes area. Keep reading to see if running a franchise could be a good option for you! Deciding which sector you'd like to work in will lead you to the businesses that best suit your needs and career objectives.
According to recent census data, 269,000 people live in Milton Keynes. The most prevalent age group in the population falls within the 0-19 age bracket. The economically active population in Milton Keynes amounts to 140,300 people, with an unemployment rate of 4.8%. This rate is slightly higher than the national average. The area's average gross annual income of £32,644 is slightly higher than the average income of £30,629 across the UK.
Could the Coffee & Wine Bar sector be the right choice for you?
In the United Kingdom, you will find 14 franchises recruiting in the Coffee & Wine Bar sector. Bear in mind that the Food industry offers many investment opportunities in addition to those in the Coffee & Wine Bar sector. Have a browse through our three Smoothie franchise, nine Healthy Food franchises, 23 Food and Beverage franchises, 15 Dessert franchises and three Wine franchises to find out if any suit your career goals and aspirations.
Three franchise businesses worth reading about
There are many interesting franchising options in the Coffee & Wine Bar sector. Take Dunkin' Donuts for example, a business that was first established in 1970. Dunkin' Donuts is a recognized leader in the sector, with 50 years of experience under its belt it is now firmly rooted in the market, counting 11,000 franchise locations. A total of £3,000,000, a substantial initial investment, is required to start a Dunkin' Donuts franchise. You might want to consider getting a loan to cover the startup costs, in which case at least £1,200,000 of the total investment should come from your personal funds. Due to the higher startup costs, this option is not recommended for first-time franchisees. By investing in this franchise, you may be eligible for financial assistance.
CAVAVIN is an interesting investment opportunity in the Coffee & Wine Bar sector. The brand's network is made up of 160 franchisees, which enhance its exposure. 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 get a loan to help cover the remaining startup costs. Due to the higher startup costs, this option is not recommended for first-time franchisees. You will also need to invest in a large premises to operate this business. Eligible candidates may apply for financial aid.
Finally, NKD Pizza could be another good option for you to invest in. By joining its 25 franchises already in operation, you could contribute to this company's expansion. A large premises will be required to operate this business. If eligible, you might be able to benefit from financial aid. See our website for more information.
If you would like to know more about franchise opportunities in the Coffee & Wine Bar sector, have a look through our 14 available options. Don't forget that we offer new business investment selections across a variety of sectors on Point Franchise. If you're still looking for the perfect match, just explore our opportunity of 236 franchising possibilities.
This page contains machine-generated content provided by LabSense, using data collected from NOMIS and the ONS.