Drinks Franchise opportunities to start in Hemel Hempstead
Hemel Hempstead could be home to your new business
If you want to start a business in Hemel Hempstead, working for yourself but not on your own, then check out our franchising opportunities in the East of England. On this page, you will find a variety of brands to choose from for becoming a franchisee in the Dacorum area and across the United Kingdom. Check out our different franchising options to find the sectors and brands that most appeal to you.
Dacorum has a population of approximately 154,000 people. The most represented age group is 40-59 years old. In terms of employment, the area has an economically active population of 78,200 people (82.8%), of which the unemployment rate is 2.9%. This figure is significantly lower than the average unemployment rate in the United Kingdom. For the Dacorum area, the average income is £32,443, which is slightly higher than the UK average salary of just over £30,500.
Why Coffee & Wine Bar businesses appeal to franchisees
Across the United Kingdom, there are 14 franchises in the Coffee & Wine Bar sector. Bear in mind that the Food industry offers many investment opportunities in addition to those in the Coffee & Wine Bar sector. Have a look through our eight Ice Cream franchise, 11 Sweets franchises, three Natural Food franchises, nine Healthy Food franchises and three Smoothie franchises to find out if any suit your career goals and aspirations. If you are thinking about joining the Hospitality and Food Services industry, you may be interested to know that 4,000 people have already made the decision to work in this industry in the Dacorum area.
Take a look at these two business examples
Really Awesome Coffee operates in the Coffee & Wine Bar sector. This brand is growing, counting 54 outlets across the United Kingdom. You will need an initial investment of £69,000 to open your own Really Awesome Coffee business. Your personal investment should account for at least £9,300 of the total amount. You may want to consider getting a loan to start a business in this sector. These relatively low startup costs make it a good option to pursue for first-time franchisees. If you can't afford the startup costs on your own, you may be eligible for financial aid.
Esquires Coffee is an interesting franchising opportunity in the Coffee & Wine Bar sector. First launched in 2000, Esquires Coffee has gained valuable experience in the sector in its 20 years since first opening. The brand's network is made up of 103 franchisees, which enhance its visibility. To start your business, you will need an initial investment of £225,000. 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 Esquires Coffee, the minimum personal investment is £85,000. Given these higher startup costs, this opportunity is less suitable for first-time franchisees.
The Coffee & Wine Bar sector offers 14 franchising opportunities. On Point Franchise, there is plenty of choice in other sectors as well. We have close to 250 new business investment opportunities in total to choose from.
NOMIS and the ONS provided the data shown on this page. This text was automatically generated by LabSense.