Drinks Franchise opportunities to start in Lowestoft
Investing in a franchise in Lowestoft
If you want to start your own business, you may find that Lowestoft has a lot to offer. Many companies are currently recruiting franchisees in the Suffolk area. Keep reading to see if running a franchise could be a good option for you! There are a number of franchising options available based on your budget and career objectives. Have a look to find the brand that appeals to you most.
The population of Suffolk is 759,000. Residents in the 60+ age category make up the largest portion of the population. Unemployment in the area (2.4%) is very low compared to the UK as a whole (4%). The labour force represents 80.2% of the local population, or 350,800 people. In the United Kingdom, the average gross salary is £30,629; in the Suffolk area, it is £29,129.
The Coffee & Wine Bar sector: An interesting opportunity for franchisees
There are 14 UK-based franchises available in the Coffee & Wine Bar sector. Could an opening business in the Coffee & Wine Bar sector, or in the Food industry more widely, help you reach your career goals and aspirations? Take a look at the three Wine franchises, five Chocolate franchises, three Weight Loss franchises, seven Vegan franchises and 11 Sweets franchises recruiting at this time. If you are considering joining the Hospitality and Food Services industry, you may be interested to know that 24,000 people have already made the decision to work in this industry in the Suffolk area.
Three franchise business examples worth looking at
The Coffee & Wine Bar sector has many franchise opportunities available, such as NKD Pizza. By joining its network of 25 franchisees, you could contribute to this brand's success. Financial assistance can be given in some circumstances.
Check out Punch Pubs & Co. The brand has expanded over time and now runs in 1,300 different locations. Starting a Punch Pubs & Co business requires a reasonable initial investment of £13,000. If you plan on getting a loan to cover the startup costs, Punch Pubs & Co asks for a personal investment of at least £8,000. For most franchises, this amount represents 30 to 50% of the total investment. Given these low startup costs, this option could be suitable for first-time franchisees. A small premises will also be required to operate this business. Also, if you can't cover the startup costs alone, you may be entitled to financial aid.
Lastly, CAVAVIN is another interesting option. The brand operates in 160 franchise locations which make up a well-established business network. A significant initial investment of £100,000 will enable you to start your own CAVAVIN business. In most cases, your personal investment should represent 30 to 50% of the total amount. CAVAVIN requires you to personally invest at least £40,000. You could potentially get a loan to cover the remaining costs. It is thus less appropriate for new investors. A large premises will also be required to operate this business. By investing in this franchise, you may be eligible for financial support. Visit our website for details.
If you would like to know more about franchise opportunities in the Coffee & Wine Bar sector, have a browse through our 14 available options. Point Franchise currently has a total of 236 brands recruiting franchisees across a range of sectors. Have a browse to see which other sectors you might want to invest in.
Data on this page was provided by NOMIS and the ONS. This content was machine-generated in partnership with LabSense.