Restaurant, Coffee Shop & Pub Franchise opportunities to start in Stalybridge
Is Stalybridge a good place to be a franchisee?
Stalybridge, located in North West 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 Tameside area. Browse our extensive possibilities in order to find the right franchise for you, and you'll be one step closer to starting your own business.
There are an estimated 225,000 people living in the Tameside area. The age group with the highest concentration is 40-59. The community has a 4.1% unemployment rate, which is in line with the national average of 4%. There are 109,600 economically active people in the region, representing 78.2% of the total population. The average annual income across the UK is just over £30,500. With a gross salary averaging £24,496, residents of Tameside have a lower salary than the national average.
Why open a business in the Restaurant sector?
Across the United Kingdom, there are currently 88 opportunities to run your own franchise in the Restaurant industry. Take a look at our three Pub & Bar franchises, nine Coffee, Cafe & Coffee Shop franchises, three Frozen Yogurt franchises, three Juice Bar franchises and four Pizza franchises. Could one of these brands help you reach your career goals and aspirations? If you would like to operate a business in the Hospitality and Food Services industry, it could be useful to know that companies in the industry currently employ 4,000 people in the Tameside area.
Three franchise businesses worth reading about
If you are interested in opening a business in the Restaurant sector, read about Rocket's. By joining its network of 49 franchisees, you could play a part in this brand's success. Starting a Rocket's franchise will require you to invest a minimum of £200,000. At least £170,000 of this should come from your own personal investment. Due to the higher startup costs, this option is not advisable for first-time franchisees. You will also need to invest in a large premises to operate this business. By investing in this established brand, you could qualify for financial aid.
The Restaurant industry has many brands worth considering. Have a look at Punch Pubs & Co. Franchisees benefit from this brand's wide network, which operates across 1,300 franchise locations. This business requires a reasonable initial investment of £13,000. If you plan on getting 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 open a Punch Pubs & Co business is £8,000. 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. Financial assistance is available for eligible franchisees.
Finally, Las Iguanas is another interesting brand operating in the Restaurant industry. In order to start a Las Iguanas business, a substantial initial investment of £700,000 is required. If you plan on getting a loan to cover the startup costs, you will usually need to cover 30 to 50% of the total investment yourself. Las Iguanas asks for a personal investment of at least £350,000. 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. If you make the decision to invest in this franchise, financial aid is available, providing you meet the eligibility criteria. See our website for details.
There are currently 88 franchising opportunities available in the Restaurant industry. Point Franchise currently has a total of 236 brands recruiting franchisees across a range of sectors. Have a look to see which other sectors you might want to invest in.
NOMIS and the ONS provided the data shown on this page. This text was automatically generated by LabSense.