Drinks Franchise opportunities to start in Walton-on-Thames
What to consider when opening a franchise in Walton-on-Thames
Franchising is a great way to start your own business, while benefitting from the comprehensive support of an established brand. Have a look at our range of brands in Walton-on-Thames, located in the Elmbridge area in South East England, where many companies are currently recruiting. Explore our sectors and brands to find your best options among various franchising opportunities, keeping in mind your personal interests and business goals.
There are 137,000 people living in the Elmbridge area. The 40-59 age range has the highest concentration in the population. The labour force makes up 77.8% of the population, or approximately 63,600 people. The area has an unemployment rate of 4.7% which is slightly higher than the UK average of 4%. With an average gross annual income of £57,013, salaries in Elmbridge are significantly higher than the average salary of £30,629 across the United Kingdom.
The Coffee & Wine Bar sector: An interesting opportunity for franchisees
In the UK, there are 14 franchises recruiting in the Coffee & Wine Bar sector. This is just one of the sectors you could choose within the Food industry. There are also four Waffle franchises, three Wine franchises, three Donut franchises, 14 Drinks franchises and six Bakery franchises. Have a look and see if any are a good fit for you. If you would like to work in the Hospitality and Food Services industry, it may interest you to know that, in the Elmbridge area, 5,000 people currently work in the industry.
Have a look at three franchise business examples
The Coffee & Wine Bar sector offers a variety of franchises to choose from, including Veeno. By joining its eight franchises already in operation, you could contribute to this company's expansion. In order to open a Veeno franchise, an initial investment of £80,000 is required. If you plan on getting a loan to cover the startup costs, you will usually need to cover 30 to 50% of the total investment yourself. Veeno asks for a personal investment of at least £35,000. Given these higher startup costs, this is an opportunity best suited for most established franchisees with greater access to financial resources. You will also need to invest in a large premises to operate this business. If eligible, you might be able to benefit from financial aid.
If the Coffee & Wine Bar sector appeals to you, Rooster Shack is another option you could have a look at. The brand is developing, with two locations already in operation, and a desire to expand further. You will need to invest £150,000 to begin running your own Rooster Shack franchise, which is a substantial initial investment. Your personal investment should account for at least £75,000 of the total amount. It is thus less appropriate for new investors. You will also need to invest in a large premises to operate this business. By investing in this established brand, you could qualify for financial aid.
Finally, another option to consider is Auntie Anne's. The company has been operating since 1988. Auntie Anne's has grown a dedicated following since opening 32 years ago. It is now firmly rooted in the market, counting 2,000 franchise outlets. To start your business, you will need an initial investment of £145,000. 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 usually be required. For Auntie Anne's, the minimum personal investment is £40,000. Due to the higher startup costs, this option is not advisable for first-time franchisees. Also, if you can't afford the startup costs on your own, you may qualify for financial support. Visit our website for details.
There are currently 14 available franchising opportunities in the Coffee & Wine Bar sector. Check out these businesses to see if there's a good fit for you. Don't forget that we offer new business investment selections across a variety of sectors on Point Franchise. If you're still looking for the perfect match, just explore our opportunity of close to 250 franchising options.
NOMIS and the ONS provided the data shown on this page. This text was automatically generated by LabSense.