Restaurant, Coffee Shop & Pub Franchise opportunities to start in Grantham
Starting a new business in Grantham
Have you ever considered opening a franchise in Grantham? This could be your opportunity to run your own business while benefiting from comprehensive training and marketing support, since many businesses in the South Kesteven area are currently recruiting franchisees. We offer a variety of realistic new business investment options, so that you can find one you like.
South Kesteven has an estimated population of 142,000 residents. Residents aged over 60 years old have the highest concentration within the population. The 2.1% unemployment rate among 67,600 economically active people in the area is significantly lower than the national average. The local income averages £28,063 per year, which is slightly lower than the just over £30,500 average income in the United Kingdom as a whole.
Why Restaurant businesses appeal to franchisees
There are 88 UK-based franchises available in the Restaurant sector. Available brands include five Noodle Bar franchises, 14 Takeaway franchises, nine Coffee, Cafe & Coffee Shop franchises, two Food Truck franchises and five Sandwich franchises. You are likely to find a brand that fits your career goals and aspirations among our numerous investment possibilities. Moreover, the number of people currently employed in a specific industry gives an idea of how dynamic it is. In the South Kesteven area, 4,500 people work for Hospitality and Food Services companies.
Three examples of available franchise business opportunities
NKD Pizza could be a great choice for you if you're planning to invest in the Restaurant industry. By joining its network of 25 franchisees, you could play a part in this brand's success. A large premises will be required to operate this business. When investing in this franchise, you could qualify for financial aid.
Las Iguanas could be another good option for you to invest in. There are 55 outlets open so far, and the network is expanding. Opening a Las Iguanas business requires a substantial initial investment of £700,000. If you plan on getting a loan to cover the startup costs, Las Iguanas asks for a personal investment of at least £350,000. For most franchises, this amount represents 30 to 50% of the total investment. It is thus less appropriate for new investors. Financial assistance can be provided in some circumstances.
The Restaurant sector has many brands worth considering. As a final example, have a look at Bella Italia. By joining its 100 franchises already in operation, you could contribute to this company's expansion. To start your business, you will need an initial investment of £700,000. If you intend to get a loan to cover the costs of opening a franchise, a personal investment of 30 to 50% of the total amount will typically be required. For Bella Italia, the minimum personal investment is £350,000. 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. Eligible candidates may apply for financial aid. See eligibility details on our website.
If you would like to learn more about franchise opportunities in the Restaurant industry, have a browse through our 88 available options. With almost 250 new business investment opportunities to choose from across a variety of sectors, you have a good chance of finding a brand that meets your needs on Point Franchise.
NOMIS and the ONS provided the data shown on this page. This text was automatically generated by LabSense.