Drinks Franchise opportunities to start in Royal Tunbridge Wells
Is Royal Tunbridge Wells a good place to be a franchisee?
You could start your own business by becoming a franchisee in Royal Tunbridge Wells. There are a number of franchise options to choose from in Tunbridge Wells, located in South East England. Check out our range of brands and start managing your own business with a team behind you. To start off with, look for the line of work that appeals to you the most. This is a quick way to find the franchise best suited to you.
There are an estimated 118,000 people in the Tunbridge Wells area. Residents aged 40 to 59 years old are the most represented within the population. The community has a 2.7% unemployment rate, which is significantly lower than the UK average of 4%. There are 58,100 economically active people in the area, representing 83.4% of the total population. The average annual salary across the UK is close to £31,000. With a gross income averaging £39,104, residents of Tunbridge Wells have a significantly higher salary than the national average.
The Coffee & Wine Bar sector: An interesting opportunity for franchisees
There are 14 brands offering franchise options in the Coffee & Wine Bar sector. The Coffee & Wine Bar sector is a part of the Food industry. Other brands recruiting in this industry include five Juice franchises, seven Vegan franchises, three Weight Loss franchises, four Waffle franchises and 14 Drinks franchises. Among these new business investment opportunities, there will likely be one that fits your career goals and aspirations. Hospitality and Food Services is a well-established industry, providing employment for 4,000 people in Tunbridge Wells alone.
Here are three examples of franchise businesses
Initially established in 1988, Auntie Anne's is a competitive business operating in the Coffee & Wine Bar sector. Auntie Anne's is a recognized leader in the sector, with 32 years of experience under its belt with a wide network of 2,000 outlets, the brand knows how to support its franchisees. Starting an Auntie Anne's business requires a substantial initial investment of £145,000. At least £40,000 should come from your own personal investment. 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 could find out if you qualify for financial assistance.
Take a look at Really Awesome Coffee. The brand is developing, with 54 locations already in operation, and a desire to expand further. In order to start a Really Awesome Coffee business, an affordable initial investment of £69,000 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. Really Awesome Coffee requires a personal investment of at least £9,300. These relatively low startup costs make it a good option to pursue for first-time franchisees. Also, if you can't afford the startup costs alone, you may be entitled to financial aid.
Lastly, another option to consider is Punch Pubs & Co. The brand has expanded over time and now runs in 1,300 different locations. Opening 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. 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. A small premises will also be required to operate this business. You may be eligible for financial aid. Visit our website for more information.
We offer a total of 14 businesses in the Coffee & Wine Bar sector. If you're interested, see if the right franchising opportunity for you is among them. You will find a total of 236 franchise possibilities here on Point Franchise. So if you haven't settled on one sector yet, take your time and explore all the options.
This page contains data provided by NOMIS and the ONS. This content was automatically generated by LabSense.