Drinks Franchise opportunities to start in Hoddesdon
Why should you invest in Hoddesdon?
Franchising is a great way to start your own business, while benefitting from the comprehensive support of an established brand. Take a look at our selection of brands in Hoddesdon, located in the Broxbourne area in the East of England, where many businesses are currently recruiting. Explore our extensive possibilities in order to find the right franchise for you, and you'll be one step closer to opening your own business.
A recent census found that 97,000 people live in Broxbourne. Residents aged 40 to 59 years old are the most represented in the population. The local unemployment rate of 5.2% among 50,400 economically active people, or 79.5% of the population, is slightly higher than the average in the UK. The average gross income in the UK is close to £31,000. Residents of Broxbourne earn £34,070 a year on average.
The Coffee & Wine Bar sector: An interesting opportunity for franchisees
If the idea of running a business in the Coffee & Wine Bar sector appeals to you, check out the 14 brands currently recruiting franchisees in the field. This is just one of the sectors you could choose within the Food industry. There are also three Weight Loss franchises, six Bakery franchises, five Chocolate franchises, three Natural Food franchises and 23 Food and Beverage franchises. Have a look and see if any are a good fit for you.
Three franchises that could interest you
If working in the Coffee & Wine Bar sector appeals to you, have a look at Really Awesome Coffee. By joining its 54 franchises already in operation, you could contribute to this company's expansion. Starting a Really Awesome Coffee franchise will require you to invest a minimum of £69,000. At least £9,300 of this should come from your own personal 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. When investing in this franchise, you can benefit from the assistance and support of an established brand and you could even qualify for financial aid.
Have a look at Snappy Tomato Pizza, another competitive Coffee & Wine Bar franchise. The brand is growing, with 19 locations already in operation, and a desire to expand further. This business opportunity requires an affordable initial investment of £25,000. 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. Snappy Tomato Pizza asks for a minimum personal investment of £5,000. These relatively low startup costs make it a good option to pursue for first-time franchisees. The training and assistance provided by Snappy Tomato Pizza give you the tools to run your own business efficiently.
Lastly, Veeno could be another good option for you to invest in. By joining its current eight franchisees, you would become a part of a growing brand network. An initial investment of £80,000 will enable you to start your own Veeno business. In most cases, your personal investment should represent 30 to 50% of the total amount. Veeno requires you to personally invest at least £35,000. You could potentially apply for a loan to cover the remaining costs. Due to the higher startup costs, this option is not advisable for first-time franchisees. A large premises will also be required to operate this business. If you can't cover the startup costs on your own, you could find out if you qualify for financial assistance. See our website for more information. This brand also provides its franchisees with full training and support.
The Coffee & Wine Bar sector currently offers 14 investment opportunities. But you also have plenty of investment possibilities in other sectors as well, including more than 232 franchising opportunities available on Point Franchise.
NOMIS and the ONS provided the data shown on this page. This text was automatically generated by LabSense.