Drinks Franchise opportunities to start in Exeter

What to consider when opening a business in Exeter

Are you considering opening a franchise? Exeter, in the South West, could have a lot to offer. By becoming a franchisee, you could benefit from training and marketing support from an established brand while running your own business. Take a look at the brands currently recruiting in Exeter. We offer a variety of realistic new business investment options, so that you can find one you like.

According to recent census data, there are 130,000 people living in Exeter. The most prevalent age group in the population is 20 to 39 years old. The area has an economically active population of 70,900 people, or 79.5% of the total population. The unemployment rate (2.6%) is very low compared to the rest of the UK. The UK's annual average income is close to £31,000. Salaries in Exeter are slightly lower in comparison, averaging £26,426 a year.

Could the Coffee & Wine Bar sector be the right choice for you?

If you want to manage your own business in the Coffee & Wine Bar sector, the good news is that there are 14 franchises currently recruiting new franchisees across the country. The Coffee & Wine Bar sector is a part of the Food industry. Other brands recruiting in this industry include 11 Sweets franchises, nine Healthy Food franchises, three Smoothie franchises, five Tea franchises and three Wine franchises. Among these new business investment opportunities, there will likely be one that fits your career goals and aspirations. Opening a business is not a simple feat, but becoming a franchisee makes managing your own business much more feasible. The Exeter region offers plenty of opportunities for starting a new and exciting business venture of your own. The Hospitality and Food Services industry is a busy one in the region, already employing 6,000 people. So, what is stopping you from starting your own business in Exeter today?

Eager to know more? Here are three franchise business examples

Caprinos Pizza could be a great choice for you if you're planning to invest in the Coffee & Wine Bar sector. By joining its current 16 franchisees, you would be joining a growing brand network. Starting a Caprinos Pizza franchise will require you to invest a minimum of £65,000. At least £50,000 of this should come from your own personal investment. It is thus less appropriate for new investors. A large premises will also be required to operate this business. By investing in this established brand, you could be eligible for financial aid.

Another option worth considering is Cinnabon, a brand that was first established in 2004. Cinnabon has acquired valuable experience in the sector in its 16 years since first opening. Franchisees benefit from this company's wide network, which operates across 1,300 franchise locations.

Punch Pubs & Co is a third interesting investment opportunity in the Coffee & Wine Bar sector. It is now firmly rooted in the market, counting 1,300 franchise outlets. Opening a Punch Pubs & Co business requires a reasonable initial investment of £13,000. If you intend to get a loan to cover the startup costs, Punch Pubs & Co asks for a personal investment of at least £8,000. For most franchises, this amount represents 30 to 50% of the total investment. 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. You could also receive financial assistance, if eligible. Visit our website for more information.

If working in the Coffee & Wine Bar sector appeals to you, have a look at our 14 available investment options in the sector. If you're interested in exploring business options in other sectors, we've got a total of close to 250 franchising opportunities to choose from on Point Franchise.

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