Restaurant, Coffee Shop & Pub Franchise opportunities to start in Chadderton
What to know before opening a franchise in Chadderton
If you want to start your own business, you may find that Chadderton has a lot to offer. Many brands are currently looking for franchisees in the Oldham area. Read on to see if running a franchise could be a good option for you! There are a number of new business investment options available based on your budget and career goals. Have a browse to find the brand that appeals to you most.
Recent figures show that 236,000 people live in Oldham. The most prevalent age group in the population falls within the 0-19 age bracket. The area has a 3.6% unemployment rate, which is lower than the national average of 4%. Overall, the region's labour force consists of 105,000 people or 73.2% of the total population. Across the United Kingdom, the annual gross salary is £30,629 on average. In the region of Oldham, it averages £23,879.
Could the Restaurant industry be the right choice for you?
If the idea of running a business in the Restaurant sector appeals to you, check out the 88 brands currently recruiting franchisees in the field. There are two Burger franchises, four Halal franchises, two Bubble Tea franchises, five Noodle Bar franchises and nine Coffee, Cafe & Coffee Shop franchises recruiting at this time. Our selection is likely to have an option that suits your career goals and aspirations. If you're interested in the Hospitality and Food Services industry, you may want to consider how many people already work in the sector. In Oldham, Hospitality and Food Services companies currently employ 4,000 people.
Want to know more? Read about these three brands
If you're interested in the Restaurant industry, take a look at Crepe Delicious. By joining its network of 25 franchisees, you could contribute to this brand's success. This business requires an initial investment of £80,000. If you intend to get a loan to cover startup costs, you should anticipate adding a personal investment of 30 to 50% of the total investment as a general rule. The minimal personal investment to start a Crepe Delicious business is £50,000. Given these higher startup costs, this opportunity is less suitable for first-time franchisees. A large premises will also be required to operate this business. Also, if you can't afford the startup costs on your own, you may qualify for financial support.
Have a look at Wolf. The brand is expanding, with four outlets currently in operation, and a desire to expand further. This business opportunity requires a significant initial investment of £200,000. You could get a loan to help cover startup costs, in which case your personal investment will usually need to cover 30 to 50% of the total investment. Wolf requires a minimum personal investment of £100,000. Given these higher startup costs, this opportunity is less suitable for first-time franchisees. You will also need to invest in a large premises to operate this business. If eligible, you might be entitled to financial aid.
Finally, Thai Express is another interesting option. The brand's network is significant, counting 300 locations in the UK. A total of £150,000, a significant initial investment, is required to open a Thai Express franchise. You might want to consider getting a loan to cover the startup costs, in which case at least £50,000 of the total investment should come from your personal funds. Given these higher startup costs, this opportunity is less suitable for first-time franchisees. You will also need to invest in a large premises to operate this business.
There are currently 88 franchising opportunities available in the Restaurant industry. Whether you've already decided to invest or are still weighing your options, it's worth looking at different sectors. At Point Franchise, we have a total of 236 franchising opportunities to help you find the right fit.
NOMIS and the ONS provided the data shown on this page. This text was automatically generated by LabSense.