Restaurant, Coffee Shop & Pub Franchise opportunities to start in Newcastle upon Tyne
Starting a new business in Newcastle upon Tyne
If you'd like to run your own business but don't know where to start, a franchise might just be the answer. Newcastle upon Tyne, situated in the North East of England, could be a good place to start as there are many brands currently recruiting franchisees in the Newcastle upon Tyne area. If you already know which line of work you'd like to pursue, look into our franchise opportunities in that sector. If not, have a look and see what other options catch your eye. We have businesses to suit many different interests and career objectives.
There are approximately 300,000 people currently living in Newcastle upon Tyne. Residents aged 20 to 39 years old make up the majority of the population. Unemployment in the area (5.2%) is high compared to the UK as a whole (4%). The labour force represents 70.9% of the local population, or 141,500 people. For the Newcastle upon Tyne area, the average income is £29,204, which is in line with the UK average salary of £30,629.
What the Restaurant sector could offer you
If you're considering becoming a franchisee in the Restaurant industry, have a look at our 88 franchise options currently available in the sector. Available brands include two Bubble Tea franchises, two Food Truck franchises, four Halal franchises, three Juice Bar franchises and three Frozen Yogurt franchises. You are likely to find a brand that fits your career goals and aspirations among our multiple investment possibilities.
Read about these three brands to see what franchise options exist
Snappy Tomato Pizza could be a great choice for you if you're planning to invest in the Restaurant industry. The brand is developing, with 19 outlets currently in operation, and a desire to expand further. An affordable initial investment of £25,000 will enable you to open your own Snappy Tomato Pizza business. In most cases, your personal investment should represent 30 to 50% of the total amount. Snappy Tomato Pizza requires you to personally invest at least £5,000. You could potentially apply for a loan to cover the remaining costs. These low startup costs make this a good franchising option for first-time franchisees. You will also need to invest in a large premises to operate this business. Also, if you can't afford the startup costs on your own, you may qualify for financial support.
Another option to consider is Shoryu Ramen. This brand is growing, counting 13 locations across the country. Starting a Shoryu Ramen business requires a substantial initial investment of £400,000. If you intend to get a loan to cover the startup costs, Shoryu Ramen asks for a personal investment of at least £200,000. For most franchises, this amount represents 30 to 50% of the total investment. It is thus less appropriate for new investors. You will also need to invest in a small premises to operate this business. Financial assistance is available for eligible franchisees.
As a final example, check out Café Rouge. There are 90 franchises open so far, and the network is expanding. Starting a Café Rouge business requires a significant initial investment of £700,000. At least £350,000 should come from your own personal investment. 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.
Eager to read more about business opportunities in the Restaurant sector? Explore our 88 available options. Whether you've already made the decision to invest or are still weighing your options, it's worth looking at different sectors. At Point Franchise, we have a total of close to 250 franchising opportunities to help you find the perfect fit.
NOMIS and the ONS provided the data shown on this page. This text was automatically generated by LabSense.