Restaurant, Coffee Shop & Pub Franchise opportunities to start in Newcastle-under-Lyme
Newcastle-under-Lyme could be home to your new business
Newcastle-under-Lyme, located in the West Midlands, currently offers many franchising opportunities. As a franchisee, you could manage your own business while receiving expert training and support from an established brand. Keep reading to explore the options in the Newcastle-under-Lyme area. If you already know which line of work you'd like to pursue, explore our franchise opportunities in that sector. If not, have a browse and see what other options catch your eye. We have businesses to suit many different interests and career objectives.
Recent figures show that Newcastle-under-Lyme has a population of 129,000 people. The 20-39 age group makes up the majority of the population. The 5% unemployment rate among the 62,600 economically active people in the area is slightly higher than the national average. Salaries in Newcastle-under-Lyme average £24,646 a year, while in the United Kingdom the average income is close to £31,000.
What the Restaurant industry could offer you
Across the UK, there are currently 88 opportunities to run your own franchise in the Restaurant industry. In fact, you can choose from three Pub & Bar franchises, four Pizza franchises, two Bubble Tea franchises, three Frozen Yogurt franchises and 11 Fast Food franchises today. In Newcastle-under-Lyme, there are currently 3,000 people employed in the Hospitality and Food Services industry, so you would be joining an established business network.
Three examples of available franchise business possibilities
If you're interested in the Restaurant sector, check out Veeno. By joining its current eight franchisees, you would become a part of a growing brand network. In order to start a Veeno business, an initial investment of £80,000 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. Veeno requires a personal investment of at least £35,000. It is thus less appropriate for new investors.
If the Restaurant sector appeals to you, Café Rouge is another option you could consider. By joining its 90 franchises already in operation, you could contribute to this brand's expansion. Opening a Café Rouge business requires a substantial initial investment of £700,000. At least £350,000 should come from your own personal investment. 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. If you can't afford the startup costs on your own, you may be eligible for financial assistance.
Thai Express is a third interesting investment opportunity in the Restaurant industry. The brand has a well-established network and good visibility, running in 300 franchise outlets. 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 usually be required. For Thai Express, the minimum personal investment is £50,000. Due to the higher startup costs, this option is not advisable for first-time franchisees. A large premises will also be required to operate this business. If eligible, you might be entitled to financial aid. See our website for more information.
If you would like to work in the Restaurant sector, the perfect investment opportunity could be waiting for you among our 88 available franchises in the sector. Don't forget that we offer new business investment ranges across a variety of sectors on Point Franchise. If you're still looking for the perfect match, just explore our option of close to 250 franchising options.
This page contains data provided by NOMIS and the ONS. This content was automatically generated by LabSense.