Drinks Franchise opportunities to start in Guildford
Guildford: A great location to start a business
If you're thinking about running your own business in Guildford, located in the South West, you should explore franchising options. Several companies are currently recruiting in the Cornwall area. As a franchisee you could manage your own business while benefitting from comprehensive support. Keep reading to see if this could be for you. We offer a variety of realistic new business investment opportunities, so that you can find one you like.
According to recent census data, 566,000 people live in Cornwall. The majority of the population falls within the 60+ age category. The local labour force consists of 261,600 people, or 80.0% of the total population. With an unemployment rate of 3.3%, recent data shows that employment in this area is lower than in the rest of the UK. The region's average gross annual income of £23,266 is lower than the average income of close to £31,000 across the UK.
Why choose to operate in the Coffee & Wine Bar sector?
There are currently 14 opportunities to invest in the Coffee & Wine Bar sector. If you would like to run a business in this sector, keep reading. The Coffee & Wine Bar sector is actually part of the Food industry which offers a wider selection. There are currently three Catering franchises, 11 Sweets franchises, three Donut franchises, 14 Drinks franchises and three Wine franchises recruiting at this time. Amongst these options, there is likely to be one to suit your career goals and aspirations. Hospitality and Food Services is a well-established industry, providing employment for 34,000 people in Cornwall alone.
Three examples of available franchise business possibilities
Really Awesome Coffee is an interesting franchising opportunity in the Coffee & Wine Bar sector. The brand is growing, with 54 locations currently in operation, and a desire to expand further. To start your business, you will need an initial investment of £69,000. 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 Really Awesome Coffee, the minimum personal investment is £9,300. Given these low startup costs, this option could be suitable for first-time franchisees.
Veeno is another competitive brand operating in the Coffee & Wine Bar sector. Starting a Veeno business requires an initial investment of £80,000. At least £35,000 should come from your own personal investment. Given these higher startup costs, this is an opportunity best suited for most established franchisees with greater access to financial resources. Financial assistance can be provided in some circumstances.
Finally, CAVAVIN could be another good option for you to invest in. The brand runs in 160 franchise locations which make up a well-established business network. Opening a CAVAVIN business requires a substantial initial investment of £100,000. If you plan on getting a loan to cover the startup costs, CAVAVIN asks for a personal investment of at least £40,000. For most franchises, this amount represents 30 to 50% of the total investment. Given these higher startup costs, this opportunity is less suitable for first-time franchisees. You will also need to invest in a large premises to operate this business. By investing in this established brand, you could qualify for financial aid. See our website for details.
We offer a total of 14 businesses in the Coffee & Wine Bar sector. If you're interested, see if the right franchising opportunity for you is among them. Whether you've already made the decision to invest or are still weighing your options, it's worth looking at different sectors. At Point Franchise, we have a total of 236 franchising opportunities to help you find the perfect fit.
This text was automatically generated in partnership with LabSense, using data provided by NOMIS and the ONS.