Restaurant, Coffee Shop & Pub Franchise opportunities to start in Wallsend
Why should you invest in Wallsend?
If you're interested in running your own business in Wallsend, located in the North East of England, you should explore franchising options. Several brands are currently recruiting in the North Tyneside area. As a franchisee you could manage your own business while benefitting from comprehensive support. Keep reading to see if this could be for you. Explore our sectors and brands to find your best options among many franchising opportunities, keeping in mind your personal interests and career goals.
The population of North Tyneside is made up of 206,000 residents. Residents in the 40-59 age category make up the largest portion of the population. Unemployment affects 4% of the UK population. With a rate of 3%, unemployment in this area is lower than the national average. The economically active population amounts to 102,600 people, making up 80.4% of the population. Residents of North Tyneside have an annual average income of £27,665. In comparison, the average gross salary in the UK is £30,629.
Why Restaurant businesses appeal to franchisees
Are you interested in the Restaurant sector? If so, there are 88 available franchises to choose from across the UK. Available franchises include five Sandwich franchises, three Frozen Yogurt franchises, two Bubble Tea franchises, nine Coffee, Cafe & Coffee Shop franchises and two Burger franchises. The right business to suit your career objectives and aspirations might just be among them. If you are thinking about starting a business in Hospitality and Food Services, North Tyneside could be a good place to do it. Indeed, 6,000 people have already made the decision to work in this industry in the North Tyneside area.
Three brands worth your attention
If you'd like to run your own Restaurant business, Wolf could be a great option for you. By joining its four franchises already in operation, you could contribute to this company's expansion. To start your business, you will need an initial investment of £200,000. If you plan on getting a loan to cover the costs of opening a franchise, a personal investment of 30 to 50% of the total amount will typically be required. For Wolf, the minimum personal investment is £100,000. The higher startup costs make this an opportunity best suited for most established franchisees with greater access to financial resources. A large premises will also be required to operate this business. Eligible candidates may apply for financial aid.
Take a look at Esquires Coffee. Launched in 2000, the brand has gained valuable experience and expertise over the past 20 years. The brand has a well-established network and good visibility, operating in 103 franchise outlets. 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 generally need to cover 30 to 50% of the total investment yourself. Esquires Coffee requires 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. If eligible, you might be able to benefit from financial assistance.
Finally, Wok&Go is another attractive brand operating in the Restaurant sector. Starting a Wok&Go business requires a substantial initial investment of £200,000. At least £100,000 should come from your own personal investment. Due to the higher startup costs, this option is not recommended for first-time franchisees. A large premises will also be required to operate this business. You could also receive financial aid, if eligible. See eligibility details on our website.
Many businesses are already operating in the Restaurant industry. We currently have 88 franchise opportunities available in the sector. You will find a total of close to 250 franchise options on Point Franchise. So if you are still looking for the perfect investment opportunity, there are still plenty of options for you to explore.
NOMIS and the ONS provided the data shown on this page. This text was automatically generated by LabSense.