Restaurant, Coffee Shop & Pub Franchise opportunities to start in Whitley Bay
Whitley Bay is waiting for you to begin a franchise business
Many brands are currently looking for franchisees in Whitley Bay, located in North East England. By becoming a franchisee, you could manage your own business while receiving comprehensive training and marketing assistance. Keep reading to explore the options in the North Tyneside area. There are a variety of franchising options available based on your budget and career objectives. Have a browse to find the brand that appeals to you most.
An estimated 206,000 people currently live in North Tyneside. The age group with the highest concentration is 40-59. The local unemployment rate of 3% is below par compared to the national average of 4%. The local labour force consists of 102,600 people, representing 80.4% of the population. The average gross salary in the UK is £30,629. Residents of North Tyneside earn £27,665 a year on average.
Running a Restaurant franchise business
Across the United Kingdom, there are 88 franchises in the Restaurant sector. Check out our two Bubble Tea franchises, four Pizza franchises, three Frozen Yogurt franchises, four Halal franchises and two Chicken franchises. Could one of these businesses help you reach your career goals and aspirations? Moreover, the number of people currently employed in a specific industry gives an indication of how dynamic it is. In the North Tyneside area, 6,000 people are employed by Hospitality and Food Services companies.
Three franchise businesses worth reading about
If you're interested in the Restaurant industry, take a look at Veeno. By joining its network of eight franchisees, you could contribute to this brand's success. You will need an initial investment of £80,000 to open your own Veeno business. Your personal investment should account for at least £35,000 of the total amount. You may want to consider getting a loan to start a business in this sector. Given these higher startup costs, this is an opportunity best suited for most established franchisees with greater access to financial resources. You will also need to invest in a large premises to operate this business. If you can't cover the startup costs on your own, you may be eligible for financial aid.
Wok to Walk is another interesting brand operating in the Restaurant sector. A small premises will be required to operate this business. If you can't afford the startup costs on your own, you may qualify for financial aid.
As a final example, have a look at Thai Express. The brand benefits from a strong network and good exposure, operating in 300 franchise locations. To start your business, you will need an initial investment of £150,000. 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 Thai Express, the minimum personal investment is £50,000. 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. Financial support is available for eligible franchisees. See eligibility details on our website.
If you are interested in the Restaurant sector and would like to discover more franchising opportunities, have a look at the 88 brands available in this sector. You will find a total of almost 250 franchise options on Point Franchise. So if you are still looking for the perfect business opportunity, there are still plenty of options for you to explore.
This page contains data collected from NOMIS and the ONS. This content was automatically generated by LabSense.