Drinks Franchise opportunities to start in Norwich
Norwich is an attractive town to invest in
Norwich, located in the East of England, offers a variety of new business investment opportunities, especially if you like working for yourself but not on your own. Learn more about our franchising possibilities here. You might just find the right brand for starting your own business in the Norwich area. We offer a number of franchises to suit a variety of budgets and career objectives. Take a look at our range of businesses and sectors to see what might suit you.
Recent figures show that 141,000 people live in Norwich. The most prevalent age group in the population falls in the 20-39 age bracket. Unemployment affects 4% of the UK population. With a rate of 7.6%, unemployment in this area is slightly higher than the national average. The labour force amounts to 73,400 people, making up 78.3% of the population. The area's average gross annual income of £26,353 is slightly lower than the average income of £30,629 across the UK.
Running a franchise in the Coffee & Wine Bar sector
The Coffee & Wine Bar sector currently offers 14 franchise opportunities. If this sector appeals to you, have a look at our options. You will find many business opportunities in the Food industry, including those in the Coffee & Wine Bar sector. Other possibilities include 14 Drinks franchises, three Donut franchises, three Wine franchises, five Tea franchises and three Catering franchises. There might be one worth considering among them. If you're interested in the Hospitality and Food Services industry, you're not alone. In Norwich, 6,000 people currently work in the industry.
Take a look at these three business examples
If working in the Coffee & Wine Bar sector appeals to you, check out Subway®. In business since 2001, the company is now mature and a leader within the sector, having developed its franchise community for 19 years. Franchisees benefit from this brand's wide network, which operates across 2,500 franchise locations.
CAVAVIN is another interesting option. The brand's network is significant, counting 160 outlets in the United Kingdom. A total of £100,000, a substantial initial investment, is required to open a CAVAVIN franchise. You might want to consider getting a loan to cover the startup costs, in which case at least £40,000 of the total investment should come from your personal funds. The higher startup costs make this an opportunity best suited for most established franchisees with greater access to financial resources. A large premises will also be required to operate this business. If you can't afford the startup costs on your own, you may qualify for financial aid.
Lastly, if the Coffee & Wine Bar sector appeals to you, Dunkin' Donuts is another option you could consider. Initially established in 1970, Dunkin' Donuts now has 50 years of experience in the field, making it a strong leader. It is now firmly rooted in the market, counting 11,000 franchise locations. To start your business, you will need an initial investment of £3,000,000. If you plan on getting 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 Dunkin' Donuts, the minimum personal investment is £1,200,000. Due to the higher startup costs, this option is not advisable for first-time franchisees. If you can't afford the startup costs on your own, you may qualify for financial assistance. Visit our website for details.
The Coffee & Wine Bar sector offers many interesting franchising opportunities, including our 14 franchise options. If you're interested in exploring business options in other sectors, we've got a total of almost 250 franchising opportunities to choose from on Point Franchise.
NOMIS and the ONS provided the data shown on this page. This text was automatically generated by LabSense.