Drinks Franchise opportunities to start in Cambridge
Why should you invest in Cambridge?
The Cambridge area offers many interesting business opportunities. If you are interested in opening your own business, you should consider franchising. This would allow you to work for yourself while receiving the support of an established brand. Have a look on this page to discover the franchise options available to you in Cambridge. Start by looking for franchise opportunities in the line of work you are most interested in. This will most likely help you find a brand that sparks your curiosity.
Cambridge has a population of approximately 126,000 people. Residents aged 20 to 39 years old make up the prevalent age group in the population. The 1.4% unemployment rate among 69,400 economically active people in the region is significantly lower than the national average. Across the UK, the annual gross income is close to £31,000 on average. In the region of Cambridge, it is £33,225.
The Coffee & Wine Bar sector: An interesting opportunity for franchisees
Across the UK, you will find 14 franchises operating 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 browse through our 14 Drinks franchise, six Milkshake franchises, five Juice franchises, three Smoothie franchises and five Tea franchises to see if any suit your career goals and aspirations.
Three franchise business examples worth looking at
If you're interested in the Coffee & Wine Bar sector, have a look at Auntie Anne's. A network of 2,000 franchisees promotes the brand's exposure. It has been running since 1988. Auntie Anne's is a recognized leader in the field, with 32 years of experience under its belt To start your own Auntie Anne's franchise, you will need to invest £145,000, of which at least £40,000 should be your own personal investment. You could get a loan to help cover the remaining startup costs. The higher startup costs make this an opportunity best suited for most established franchisees with greater access to financial resources. When investing in this franchise, you could be eligible for financial aid.
Caprinos Pizza is an interesting franchising opportunity in the Coffee & Wine Bar sector. There are 16 locations open so far, and the network is expanding. You will need to invest £65,000 to begin operating your own Caprinos Pizza business. Your personal investment should account for at least £50,000 of the total amount. Due to the higher startup costs, this option is not recommended for first-time franchisees. A large premises will also be required to operate this business. You could also benefit from financial assistance, if eligible.
The Coffee & Wine Bar sector has many brands worth considering. As a final example, check out Esquires Coffee. First established in 2000, Esquires Coffee now has over 20 years of experience under its belt. By joining its network of 103 franchisees, you would become a part of a strong business community. In order to start an Esquires Coffee business, a significant initial investment of £225,000 is required. If you plan on getting a loan to cover the startup costs, you will generally need to cover 30 to 50% of the total investment yourself. Esquires Coffee asks for a personal investment of at least £85,000. The higher startup costs make this an opportunity best suited for most established franchisees with greater access to financial resources. If you can't cover the startup costs on your own, you may qualify for financial aid. See our website for more information.
Many businesses are already operating in the Coffee & Wine Bar sector. We currently have 14 franchise options available in the sector. Point Franchise currently has a total of 236 brands recruiting franchisees across a range of sectors. Have a look to see which other sectors you might want to invest in.
This page contains data provided by NOMIS and the ONS. This content was automatically generated by LabSense.