Drinks Franchise opportunities to start in Grays

Investing in a franchise in Grays

Have you ever considered opening a franchise in Grays? This could be your opportunity to run your own business while receiving comprehensive training and marketing support, since many businesses in the Thurrock area are currently recruiting franchisees. Explore our sectors and brands to find your best options among many franchising opportunities, keeping in mind your personal interests and career goals.

Recent figures show that 173,000 people live in Thurrock. Residents aged 0 to 19 years old make up the prevalent age range within the population. Approximately 89,300 people are economically active in the area, representing 81.5% of the population. The unemployment rate (5.5%) is high compared to the national average (4%). The average annual salary across the United Kingdom is close to £31,000. With a gross income averaging £30,610, residents of Thurrock have a salary comparable to the national average.

Why the Coffee & Wine Bar sector might be a good option for you

If you would like to operate a Coffee & Wine Bar franchise, you are likely to find one that interests you among 14 available across the UK. This is just one of the sectors you could choose within the Food industry. There are also three Weight Loss franchises, nine Healthy Food franchises, three Catering franchises, six Milkshake franchises and three Natural Food franchises. Have a browse and see if any are a good fit for you. Many companies in Thurrock already work in the Hospitality and Food Services industry, which employs 4,500 people. You would become a part of a well-established business community.

Three franchise business examples worth looking at

If working in the Coffee & Wine Bar sector appeals to you, have a look at Veeno. By joining its eight franchises already in operation, you could contribute to this brand's expansion. You will need to invest £80,000 to begin running your own Veeno business. Your personal investment should account for at least £35,000 of the total amount. Given these higher startup costs, this opportunity is less suitable for first-time franchisees. You will also need to invest in a large premises to operate this business. Eligible candidates may apply for financial assistance.

The Coffee & Wine Bar sector has many brands worth considering. Check out Tubz Vending. By joining its network of 300 franchisees, you would become a part of a well-established business community. To start your own Tubz Vending business, you will need an initial investment of £3,295. These relatively low startup costs make it a good option to pursue for first-time franchisees. You will also need to invest in a small premises to operate this business. An investment in this franchise entitles you to financial aid, if eligible.

Finally, Esquires Coffee is another attractive brand operating in the Coffee & Wine Bar sector. The first franchise launched in 2000. The company is now mature and a leader within the sector, having grown its franchise network for 20 years. In order to open 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 typically 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. By investing in this established brand, you could qualify for financial aid. See eligibility details on our website.

Many businesses are already operating in the Coffee & Wine Bar sector. We currently have 14 franchise options available in the sector. But you also have plenty of investment possibilities in other sectors as well, including more than 232 franchising opportunities available on Point Franchise.

This text was automatically generated in partnership with LabSense, using data provided by NOMIS and the ONS.