Restaurant, Coffee Shop & Pub Franchise opportunities to start in South Shields
Why should you invest in South Shields?
South Shields, located in North East England, currently offers many franchising opportunities. As a franchisee, you could run your own business while receiving expert training and support from an established brand. Keep reading to explore the options in the South Tyneside area. Have a look at our different franchising opportunities to find the sectors and brands that most appeal to you.
There are 150,000 people living in the South Tyneside area. Residents in the 40-59 age group make up the largest portion of the population. The 8.2% unemployment rate among the 67,300 economically active people in the area is slightly higher than the UK average. South Tyneside has an average annual income of £24,834. This salary is slightly lower than the rest of the United Kingdom, which has an average salary of close to £31,000.
Why Restaurant businesses appeal to franchisees
There are 88 franchises in the Restaurant industry to choose from. You can pick an investment opportunity from four Halal franchises, two Chicken franchises, nine Coffee, Cafe & Coffee Shop franchises, five Sandwich franchises and three Pub & Bar franchises. Let our selection of brands be your guide to starting your next exciting business venture. If you are thinking about opening a business in Hospitality and Food Services, South Tyneside could be a good place to do it. Indeed, 3,000 people have already made the decision to work in this field in the South Tyneside area.
Three franchise business examples worth looking at
Wok to Walk is a competitive brand operating in the Restaurant sector. This brand is developing, counting 95 outlets across the country. You will need to invest in a small premises to operate this business. An investment in this franchise entitles you to financial assistance, if eligible.
Another option worth considering is Rocket's. By joining its network of 49 franchisees, you could contribute to this brand's success. In order to start a Rocket's business, a significant initial investment of £200,000 is required. If you plan on getting a loan to cover the startup costs, you will typically need to cover 30 to 50% of the total investment yourself. Rocket's requires a personal investment of at least £170,000. Due to the higher startup costs, this option is not recommended for first-time franchisees. You will also need to invest in a large premises to operate this business. You may be eligible for financial aid.
Lastly, take a look at Punch Pubs & Co, another attractive Restaurant franchise. Franchisees benefit from this company's wide network, which operates across 1,300 franchise locations. You will need an initial investment of £13,000 to start your own Punch Pubs & Co business. Your personal investment should account for at least £8,000 of the total amount. You may want to consider getting a loan to open a business in this sector. These relatively low startup costs make it a good option to pursue for first-time franchisees. A small premises will also be required to operate this business. If eligible, you might be able to benefit from financial aid. Visit our website for more information.
If you are interested in the Restaurant sector and would like to know more about its available franchising options, check out the 88 businesses currently recruiting franchisees in the sector. If you're curious about business options in other sectors, we've got a total of almost 250 franchising opportunities to choose from on Point Franchise.
This text was automatically generated in partnership with LabSense, using data provided by NOMIS and the ONS.