Restaurant, Coffee Shop & Pub Franchise opportunities to start in Stoke-on-Trent
Investing in Stoke-on-Trent could be your next move
Stoke-on-Trent, located in the West Midlands, has many opportunities for people looking to open their own business. There are several brands currently recruiting franchisees in the Stoke-on-Trent area. This could mean working for yourself while receiving the comprehensive support of an established brand. Deciding which sector you'd like to work in will lead you to the businesses that best suit your needs and business goals.
An estimated 256,000 people currently live in Stoke-on-Trent. The majority of the population sits within the 20-39 age range. The community has a 4.3% unemployment rate, which is in line with the national average of 4%. Overall, the region's labour force consists of 120,500 people or 75.8% of the total population. Residents of Stoke-on-Trent have an annual average salary of £25,185. In comparison, the average gross income in the United Kingdom is close to £31,000.
Why choose to work in the Restaurant industry?
There are 88 UK-based franchises available in the Restaurant industry. Have a browse through our five Noodle Bar franchises, four Pizza franchises, two Chicken franchises, three Frozen Yogurt franchises and two Burger franchises to see if any suit your career goals and aspirations. In Stoke-on-Trent, the Hospitality and Food Services industry already provides work for nearly 5,000 people, potentially making this path an ideal one for you, too!
Here are three examples of franchise businesses
If you're interested in the Restaurant industry, take a look at Punch Pubs & Co. 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 low startup costs make this a good franchising option for first-time franchisees. A small premises will also be required to operate this business. When investing in this franchise, you could qualify for financial assistance.
Check out Veeno. This brand is expanding, counting eight outlets across the country. Starting a Veeno business requires an initial investment of £80,000. At least £35,000 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. You will also need to invest in a large premises to operate this business.
Finally, another opportunity worth considering is Bella Italia. There are 100 locations open so far, and the network is expanding. This business requires a substantial initial investment of £700,000. 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 Bella Italia business is £350,000. 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. By investing in this established brand, you could be eligible for financial aid. See our website for details.
There are currently 88 available franchise options in the Restaurant industry. Have a look at these brands to find out if there's a good fit for you. You will find a total of close to 250 franchise possibilities here on Point Franchise. So if you haven't settled on one sector yet, take your time and explore all the options.
This text was automatically generated in partnership with LabSense, using data provided by NOMIS and the ONS.