Drinks Franchise opportunities to start in Reading
Thinking about living and working in Reading?
Many brands are currently recruiting franchisees in Reading, located in South East England. By becoming a franchisee, you could manage your own business while receiving comprehensive training and marketing support. Keep reading to explore the options in the Reading area. Deciding which sector you'd like to work in will lead you to the businesses that best suit your needs and career objectives.
There are 163,000 people in the Reading area. The most represented age range is 20-39 years old. Unemployment affects 4% of the UK population. With a rate of 3%, unemployment in this area is lower than the national average. The economically active population amounts to 90,700 people, representing 81.7% of the population. Residents in the area earn £32,730 per year on average. This income is slightly higher than the country's average gross income, which reaches £30,629.
Running a franchise in the Coffee & Wine Bar sector
There are 14 franchises in the Coffee & Wine Bar sector to choose from. There are also four Waffle franchises, five Juice franchises, three Smoothie franchises, five Tea franchises and 23 Food and Beverage franchises recruiting franchisees in the Food sector, alongside the Coffee & Wine Bar options. Have a look to see whether any fit your career goals and aspirations. In the Reading area, the Hospitality and Food Services industry provides employment for 6,000 people.
Three franchise businesses worth reading about
If you'd like to run your own Coffee & Wine Bar business, Punch Pubs & Co could be a great option for you. Franchisees benefit from this brand's wide network, which operates across 1,300 franchise locations. This business requires a reasonable initial investment of £13,000. If you plan on getting a loan to cover startup costs, you should anticipate adding a personal investment of 30 to 50% of the total investment as a general rule. The minimal personal investment to start a Punch Pubs & Co business is £8,000. Whether you're an established franchisee or a first-time investor, the low startup costs mean that this could be a good option for you. You will also need to invest in a small premises to operate this business. Also, if you can't afford the startup costs alone, you may be entitled to financial aid.
Auntie Anne's, open since 1988, is another interesting option. With a wide network of 2,000 outlets, the brand knows how to support its franchisees. Auntie Anne's has gained substantial customer loyalty over its 32 years in business. Opening an Auntie Anne's franchise will require you to invest a minimum of £145,000. At least £40,000 of this should come from your own personal investment. Due to the higher startup costs, this option is not advisable for first-time franchisees. Financial assistance can be provided in some circumstances.
Finally, you could also have a look at Rooster Shack. This brand is developing, counting two locations across the United Kingdom. To start your business, you will need an initial investment of £150,000. If you intend to get 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 Rooster Shack, the minimum personal investment is £75,000. 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. You may qualify for financial aid. Visit our website for details.
The Coffee & Wine Bar sector offers 14 franchising opportunities. With 236 franchising opportunities to choose from across a variety of sectors, you have a good chance of finding a brand that meets your needs on Point Franchise.
Data on this page was provided by NOMIS and the ONS. This content was machine-generated in partnership with LabSense.