Drinks Franchise opportunities to start in King's Lynn
King's Lynn: A great location to start a business
King's Lynn, located in the East of England, currently offers many franchising opportunities. As a franchisee, you could run your own business while receiving expert training and support from an established brand. Keep reading to explore the options in the King's Lynn and West Norfolk area. There are a number of new business investment opportunities available based on your budget and career objectives. Have a browse to find the brand that appeals to you most.
There are 152,000 people living in the King's Lynn and West Norfolk region. Residents aged over 60 years old make up the prevalent age range in the population. The area has an economically active population of 69,100 people, or 80.9% of the total population. The unemployment rate (3.2%) is low compared to the rest of the UK. The United Kingdom's annual average income is just over £30,500. Salaries in King's Lynn and West Norfolk are slightly lower in comparison, averaging £25,049 a year.
Why Coffee & Wine Bar businesses appeal to franchisees
If you're thinking about becoming a franchisee in the Coffee & Wine Bar sector, check out our 14 franchise options currently available in the field. Multiple brands offer franchise options in other sectors within the Food industry. For instance, there are five Tea franchises, five Juice franchises, six Bakery franchises, nine Healthy Food franchises and three Donut franchises. You'll find options to suit all kinds of career goals and aspirations. If you are considering joining the Hospitality and Food Services industry, you may be interested to know that 4,500 people have already made the decision to work in this sector in the King's Lynn and West Norfolk area.
Check out three available franchise options
Coffee Blue operates in the Coffee & Wine Bar sector. The brand is expanding, with 10 locations already in operation, and a desire to expand further. Starting a Coffee Blue business requires an affordable initial investment of £43,305. If you plan on getting a loan to cover the startup costs, Coffee Blue asks for a personal investment of at least £8,000. For most franchises, this amount represents 30 to 50% of the total investment. These low startup costs make this a good franchising option for first-time franchisees. By investing in this established brand, you can gain access to expert training and support and could even qualify for financial assistance.
Have a look at Rooster Shack, another competitive Coffee & Wine Bar franchise. This brand is growing, counting two outlets across the UK. To open your own Rooster Shack franchise, you will need to invest £150,000, of which at least £75,000 should be your own personal investment. You could apply for a loan to help cover the remaining startup costs. Given these higher startup costs, this is an opportunity best suited for most established franchisees with greater access to financial resources. You will also need to invest in a large premises to operate this business. This investment entitles you to training, assistance and support from Rooster Shack. You could also benefit from financial aid, if eligible. Visit our website for more information.
Dunkin' Donuts is a third interesting franchise option in the Coffee & Wine Bar sector. In business since 1970, Dunkin' Donuts has acquired many dedicated customers over the past 50 years. With a vast network of 11,000 locations, the brand knows how to support its franchisees. This business opportunity requires a substantial initial investment of £3,000,000. You could get a loan to help cover startup costs, in which case your personal investment will typically need to cover 30 to 50% of the total investment. Dunkin' Donuts asks for a minimum personal investment of £1,200,000. Due to the higher startup costs, this option is not advisable for first-time franchisees. The training and assistance provided by Dunkin' Donuts give you the tools to manage your own business efficiently.
If you are thinking about running a franchise business in the Coffee & Wine Bar sector, you might be interested to browse our 14 available brands. Don't forget that we offer new business investment selections across many different sectors on Point Franchise. If you're still looking for the perfect match, just explore our opportunity of almost 250 franchising possibilities.
NOMIS and the ONS provided the data shown on this page. This text was automatically generated by LabSense.