Restaurant, Coffee Shop & Pub Franchise opportunities to start in Eccles
Eccles could be home to your new business
Have you ever considered opening a franchise in Eccles? This could be your opportunity to manage your own business while benefiting from comprehensive training and marketing support, since many businesses in the Scottish Borders area are currently recruiting franchisees. There are a variety of new business investment options available based on your budget and career goals. Have a look to find the brand that appeals to you most.
There are approximately 115,000 people currently living in Scottish Borders. Residents aged over 60 years old make up the majority of the population. The local unemployment rate of 3.2% among 53,300 economically active people, or 78.8% of the population, is lower than the average in the United Kingdom. With an average gross annual income of £26,777, salaries in Scottish Borders are slightly lower than the average salary of £30,629 across the United Kingdom.
The Restaurant industry could be the right choice for you
If you would like to run a Restaurant franchise, you are likely to find one that appeals to you among 88 available across the UK. In fact, you can pick from 11 Fast Food franchises, four Halal franchises, two Burger franchises, five Sandwich franchises and two Chicken franchises today. If you're interested in the Hospitality and Food Services industry, you may want to consider how many people already work in the sector. In Scottish Borders, Hospitality and Food Services companies currently employ 3,000 people.
Have a look at three franchise business examples
The Restaurant industry offers a range of brands to choose from, including Punch Pubs & Co. The brand has grown over time and now operates in 1,300 different locations. Opening a Punch Pubs & Co business requires an affordable initial investment of £13,000. At least £8,000 should come from your own personal 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 afford the startup costs on your own, you may qualify for financial support.
Auntie Anne's is an interesting franchise option in the Restaurant sector. First established in 1988, the company has built strong customer loyalty over the past 32 years. Franchisees benefit from this brand's wide network, which operates across 2,000 franchise locations. Starting an Auntie Anne's franchise will require you to invest a minimum of £145,000. At least £40,000 of this should come from your own personal investment. It is thus less appropriate for new investors.
Lastly, Wok&Go is another interesting option. This brand is expanding, counting 26 outlets in the United Kingdom. This business opportunity requires a substantial initial investment of £200,000. You could get a loan to help cover startup costs, in which case your personal investment will typically need to cover 30 to 50% of the total investment. Wok&Go requires a minimum personal investment of £100,000. Due to the higher startup costs, this option is not advisable for first-time franchisees. A large premises will also be required to operate this business. When investing in this franchise, you could qualify for financial assistance. See eligibility details on our website.
If you are interested in the Restaurant industry and would like to discover more franchising opportunities, take a look at the 88 brands available in this sector. You will find a total of close to 250 franchise possibilities here on Point Franchise. So if you haven't settled on one sector yet, take your time and explore all the options.
Data on this page was provided by NOMIS and the ONS. This content was machine-generated in partnership with LabSense.