Restaurant, Coffee Shop & Pub Franchise opportunities to start in Tynemouth
Starting a new business in Tynemouth
Discover the business options waiting for you in Tynemouth, situated in North East England. On this page you'll find a range of brands that could make you a franchisee in the North Tyneside area. Becoming a franchisee would allow you to run your own business and benefit from comprehensive support. Browse our extensive possibilities in order to find the right brand for you, and you'll be one step closer to opening your own business.
The population of North Tyneside is made up of 206,000 people. The most prevalent age group in the population is 40 to 59 years old. Approximately 102,600 people are economically active in the region, representing 80.4% of the population. The unemployment rate (3%) is below par compared to the national average (4%). The annual income in the United Kingdom is close to £31,000 on average. The people of North Tyneside earn an average annual salary of £27,665, slightly lower than the country's average.
Running a Restaurant franchise business
If you wish to run a business in the Restaurant industry, check out our 88 franchises currently recruiting franchisees in the sector. There are nine Coffee, Cafe & Coffee Shop franchises, two Chicken franchises, three Frozen Yogurt franchises, four Pizza franchises and three Juice Bar franchises offering franchising opportunities. You'll find opportunities to suit all kinds of career goals and aspirations. Interesting fact: companies in Hospitality and Food Services employ 6,000 people in the North Tyneside area. This could be your opportunity to start a successful business of your own!
Take a look at three franchise business examples
If you're interested in the Restaurant sector, have a look at Bubbleology, a brand that launched in 2015. By joining its 69 franchises already in operation, you could contribute to this company's rapid expansion. In order to start a Bubbleology business, a substantial initial investment of £120,000 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. Bubbleology requires a personal investment of at least £36,000. Due to the higher startup costs, this option is not advisable for first-time franchisees.
Take a look at Subway®. In business since 2001, Subway® has proved itself to be a successful business and leader in the field in its 19 years since opening. A network of 2,500 franchisees promotes the brand's visibility. Also, if you can't afford the startup costs on your own, you may qualify for financial support.
Lastly, Veeno is an interesting franchise option in the Restaurant sector. There are eight locations open so far, and the network is expanding. Starting a Veeno franchise will require you to invest a minimum of £80,000. At least £35,000 of this should come from your own personal investment. Given these higher startup costs, this is 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. If you choose to invest in this franchise, financial assistance is available, providing you meet the eligibility criteria. See our website for more information.
If you would like to have a look at more franchising options in the Restaurant sector, we currently have 88 available opportunities. Don't forget that we offer new business investment selections across many different sectors on Point Franchise. If you're still looking for the perfect match, just explore our option of almost 250 franchising possibilities.
This text was automatically generated in partnership with LabSense, using data collected from NOMIS and the ONS.