Drinks Franchise opportunities to start in Margate
Starting a new business in Margate
Are you considering opening a franchise? Margate, in the South East of England, could have a lot to offer. By becoming a franchisee, you could benefit from training and marketing support from an established brand while managing your own business. Have a look at the brands currently recruiting in Thanet. To start off with, look for the line of work that appeals to you the most. This is a quick way to find the brand best suited to you.
According to recent census data, there are 142,000 people living in Thanet. Residents in the 60+ age group make up the largest portion of the population. The economically active population in Thanet amounts to 60,400 people, with an unemployment rate of 3.8%. This rate is in line with the national average. The annual salary in the United Kingdom is £30,629 on average. The people of Thanet earn an average annual salary of £24,959, slightly lower than the country's average.
What the Coffee & Wine Bar sector could offer you
Are you interested in the Coffee & Wine Bar sector? If so, there are 14 available franchises to choose from in the United Kingdom. In fact, the Food industry as a whole offers a wide variety of franchises to invest in, including nine Healthy Food franchises, three Natural Food franchises, 23 Food and Beverage franchises, 11 Sweets franchises and six Milkshake franchises. Explore our available brands to find a potential match. If you are thinking about starting a business in Hospitality and Food Services, Thanet could be a good place to do it. Indeed, 4,000 people have already made the decision to work in this field in the Thanet area.
Here are three examples of franchise businesses
Initially established in 1970, Dunkin' Donuts operates in the Coffee & Wine Bar sector. Dunkin' Donuts, now a leader in the sector, has gained 50 years of experience since first opening. With a wide network of 11,000 locations, the brand knows how to support its franchisees. You will need to invest £3,000,000 to start running your own Dunkin' Donuts business, which is a significant initial investment. Your personal investment should account for at least £1,200,000 of the total amount. Given these higher startup costs, this is an opportunity best suited for most established franchisees with greater access to financial resources. An investment in this franchise entitles you to financial aid, if eligible.
Caprinos Pizza is another successful business operating in the Coffee & Wine Bar sector. By joining its 16 franchises already in operation, you could contribute to this company's expansion. This business opportunity requires an initial investment of £65,000. You could get a loan to help cover startup costs, in which case your personal investment will usually need to cover 30 to 50% of the total investment. Caprinos Pizza requires a minimum personal investment of £50,000. Given these higher startup costs, this is an opportunity best suited for most established franchisees with greater access to financial resources.
Lastly, Auntie Anne's is another interesting franchise option if you plan to invest in the Coffee & Wine Bar sector. Launched in 1988, Auntie Anne's has acquired expertise and customer loyalty in its 32 years since opening. A network of 2,000 franchisees promotes the brand's visibility. A total of £145,000, a substantial initial investment, is required to open an Auntie Anne's franchise. You might want to consider getting a loan to cover the startup costs, in which case at least £40,000 of the total investment should come from your personal funds. Due to the higher startup costs, this option is not advisable for first-time franchisees. If you choose to invest in this franchise, financial assistance is available, providing you meet the eligibility criteria. Visit our website for details.
The Coffee & Wine Bar sector currently has 14 franchising opportunities. If you are still not sure which sector best suits your needs, have a look through our range of almost 250 new business investment opportunities across different sectors on Point Franchise.
This page contains data collected from NOMIS and the ONS. This content was automatically generated by LabSense.