Drinks Franchise opportunities to start in Ipswich
Investing in Ipswich could be your next move
The Ipswich area offers many interesting business opportunities. If you are interested in running 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 Ipswich. Deciding which sector you'd like to work in will lead you to the brands that best suit your needs and business goals.
Ipswich has a population of approximately 138,000 people. The population's most prevalent age group is made up of 20-39 year olds. Unemployment affects 4% of the UK population. With a rate of 6%, unemployment in this area is slightly higher than the national average. The labour force amounts to 67,900 people, representing 77.9% of the population. Across the United Kingdom, the annual gross income is just over £30,500 on average. In the region of Ipswich, it averages £25,828.
Why choose to open a business in the Coffee & Wine Bar sector?
Across the UK, there are 14 franchises operating in the Coffee & Wine Bar sector. The Coffee & Wine Bar sector is part of the Food industry which offers a wide selection of interesting options. These include four Waffle franchises, eight Ice Cream franchises, three Catering franchises, 15 Dessert franchises and three Wine franchises. See if any catch your eye. In Ipswich, the Hospitality and Food Services industry already provides employment for nearly 3,500 people, potentially making this path an ideal one for you, too!
Three franchise business examples worth looking at
Veeno is an interesting franchise operating in the Coffee & Wine Bar sector. By joining its network of eight franchisees, you could contribute to this brand's success. This business requires an initial investment of £80,000. If you intend to get a loan to cover startup costs, you should anticipate adding a personal investment of 30 to 50% of the total investment as a general rule. The minimal personal investment to open a Veeno business is £35,000. 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 may qualify for financial aid.
Another option worth considering is Coffee Blue. The brand is developing, with 10 locations currently in operation, and a desire to expand further. In order to start a Coffee Blue business, a reasonable initial investment of £41,945 is required. If you plan on getting a loan to cover the startup costs, you will typically need to cover 30 to 50% of the total investment yourself. Coffee Blue asks for a personal investment of at least £8,000. These relatively low startup costs make it a good option to pursue for first-time franchisees. If you decide to invest in this franchise, financial assistance is available, providing you meet the eligibility criteria.
Lastly, another interesting franchising opportunity is Esquires Coffee, which opened in 2000. Esquires Coffee has proved itself to be a successful business and leader in the field in its 20 years since opening. The brand's network is significant, counting 103 locations across the country. This business requires a substantial initial investment of £225,000. If you plan on getting a loan to cover startup costs, you should anticipate adding a personal investment of 30 to 50% of the total investment as a general rule. The minimal personal investment to start an Esquires Coffee business is £85,000. It is thus less appropriate for new investors. If you can't afford the startup costs on your own, you may qualify for financial aid. See our website for more information.
Opening a franchise in the Coffee & Wine Bar sector has great potential. If you're interested, check out our 14 available opportunities. At Point Franchise, we have almost 250 franchising opportunities available, giving you plenty to choose from in other sectors as well.
Data on this page was provided by NOMIS and the ONS. This content was machine-generated in partnership with LabSense.