Restaurant, Coffee Shop & Pub Franchise opportunities to start in Lincoln
Investing in a franchise in Lincoln
Franchising is a great way to start your own business, while benefitting from the comprehensive support of an established brand. Check out our selection of brands in Lincoln, located in the Lincoln area in the East Midlands, where many businesses are currently recruiting. Start by looking for franchise opportunities in the line of work you are most interested in. This will most likely help you find a brand that sparks your curiosity.
The population of Lincoln is made up of 99,000 people. Residents in the 20-39 age category make up the largest portion of the population. In terms of employment, the region has a labour force of 50,600 people (78.3%), of which the unemployment rate is 6.1%. This figure is slightly higher than the average unemployment rate across the United Kingdom. Residents of Lincoln have an annual average income of £24,278. In comparison, the average gross salary in the United Kingdom is £30,629.
Why choose to operate in the Restaurant sector?
There are 88 franchises in the Restaurant industry to choose from. There are currently five Noodle Bar franchises, 11 Fast Food franchises, three Frozen Yogurt franchises, three Pub & Bar franchises and four Pizza franchises recruiting franchisees. Have a browse to see whether any fit your career goals and aspirations. Moreover, the number of people currently employed in a specific industry gives an indication of how dynamic it is. In the Lincoln area, 5,000 people work for Hospitality and Food Services companies.
Read about these three brands to see what franchise options exist
If you're planning to invest in the Restaurant industry, take a look at Bella Italia. By joining its 100 franchises already in operation, you could contribute to this brand's expansion. To start your own Bella Italia franchise, you will need to invest £700,000, of which at least £350,000 should be your own personal investment. You could get a loan to help cover the remaining startup costs. Given these higher startup costs, this opportunity is less suitable for first-time franchisees.
Have a look at Rocket's. The brand is developing, with 49 locations already in operation, and a desire to expand further. Starting a Rocket's business requires a significant initial investment of £200,000. At least £170,000 should come from your own personal investment. It is thus less appropriate for new investors. A large premises will also be required to operate this business. You could also benefit from financial assistance, if eligible.
Lastly, another option to consider is Café Rouge. This brand is expanding, counting 90 outlets in the UK. You will need to invest £700,000 to begin running your own Café Rouge business, which is a substantial initial investment. Your personal investment should account for at least £350,000 of the total amount. Given these higher startup costs, this opportunity is less suitable for first-time franchisees. Financial aid can be provided in some circumstances. See our website for more information.
The Restaurant sector currently offers 88 franchising opportunities. Point Franchise offers a total of 236 franchising options across many different sectors. So, if you're still searching for a brand that meets your needs, there are plenty of options for you to explore.
This text was automatically generated in partnership with LabSense, using data collected from NOMIS and the ONS.