Drinks Franchise opportunities to start in Paignton
Paignton could be home to your new business
Paignton, located in the South West, has many opportunities for people looking to start their own business. There are many brands currently recruiting franchisees in the Torbay area. This could mean working for yourself while receiving the comprehensive support of an established brand. Browse our extensive possibilities in order to find the right brand for you, and you'll be one step closer to opening your own business.
Torbay has an estimated population of 136,000 residents. The age group with the highest concentration is 60+. The local unemployment rate of 4.1% among 59,400 economically active people, or 78.1% of the population, is in line with the average in the UK. Torbay has an average annual salary of £23,343. This salary is lower than the rest of the United Kingdom, which has an average income of close to £31,000.
Could the Coffee & Wine Bar sector be the right choice for you?
If you're thinking about becoming a franchisee in the Coffee & Wine Bar sector, check out our 14 franchise opportunities currently available in the field. The Food industry offers a variety of options in addition to those in the Coffee & Wine Bar sector. These include three Natural Food franchises, 14 Drinks franchises, six Bakery franchises, five Tea franchises and three Weight Loss franchises. Have a look at the brands available to see which could be your perfect match. If you want to run a business in the Hospitality and Food Services industry, it could be useful to know that companies in the industry currently employ 8,000 people in the Torbay area.
Three franchise business examples worth looking at
If you are interested in opening a business in the Coffee & Wine Bar sector, read about Cinnabon, a company operating since 2004. Cinnabon now has over 16 years of experience under its belt. It is now firmly rooted in the market, counting 1,300 franchise locations.
Coffee Blue is an interesting investment opportunity in the Coffee & Wine Bar sector. There are 10 outlets open so far, and the network is expanding. To start your business, you will need an initial investment of £41,945. 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 typically be required. For Coffee Blue, the minimum personal investment is £8,000. These low startup costs make this a good franchising option for first-time franchisees. Financial aid can be given in some circumstances.
Lastly, Esquires Coffee is another interesting franchise option if you plan to invest in the Coffee & Wine Bar sector. Opened in 2000, Esquires Coffee has proved itself to be a successful business and leader in the sector in its 20 years since opening. The brand has a well-established network and good exposure, operating in 103 franchise locations. A total of £225,000, a substantial initial investment, is required to start an Esquires Coffee franchise. You might want to consider getting a loan to cover the startup costs, in which case at least £85,000 of the total investment should come from your personal funds. Given these higher startup costs, this opportunity is less suitable for first-time franchisees. You could also benefit from financial assistance, if eligible. Visit our website for more information.
If you would like to take a look at more new business investment options in the Coffee & Wine Bar sector, we currently have 14 available opportunities. You will find a total of 236 franchise options on Point Franchise. So if you are still looking for the perfect business opportunity, there are still plenty of options for you to explore.
This text was automatically generated in partnership with LabSense, using data collected from NOMIS and the ONS.