Restaurant, Coffee Shop & Pub Franchise opportunities to start in Tipton
What can Tipton offer to new businesses?
Tipton, located in the West Midlands, has many opportunities for people looking to open their own business. There are many brands currently recruiting franchisees in the Sandwell area. This could mean working for yourself while receiving the comprehensive support of an established brand. 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.
An estimated 327,000 people currently live in Sandwell. The majority of residents are aged 20 to 39 years old. The area has an economically active population of 153,400 people, or 74.7% of the total population. The unemployment rate (5.3%) is high compared to the rest of the UK. In the UK, the average gross salary is close to £31,000; in the Sandwell area, it is £23,823.
Why choose to work in the Restaurant sector?
If you wish to run a business in the Restaurant industry, take a look at our 88 brands currently recruiting franchisees in the sector. In fact, you can pick from two Burger franchises, 11 Fast Food franchise, nine Coffee, Cafe & Coffee Shop franchises, five Sandwich franchises and two Bubble Tea franchises today. Opening a business is not a simple feat, but becoming a franchisee makes managing your own business much more feasible. The Sandwell region offers plenty of opportunities for starting a new and exciting business venture of your own. The Hospitality and Food Services industry is a busy one in the region, already employing 5,000 people. So, what is stopping you from opening your own business in Sandwell today?
Three franchise business examples worth looking at
If you'd like to run your own Restaurant business, Rocket's might be a great option for you. There are 49 outlet open so far, and the network is expanding. This business opportunity requires a significant initial investment of £200,000. You could get a loan to help cover startup costs, in which case your personal investment will usually need to cover 30 to 50% of the total investment. Rocket's asks for a minimum personal investment of £170,000. It is thus less appropriate for new investors. A large premises will also be required to operate this business. If you can't cover the startup costs on your own, you could see if you qualify for financial aid.
Caprinos Pizza is another attractive brand operating in the Restaurant sector. A total of £65,000 is required to start a Caprinos Pizza franchise. You might want to consider getting a loan to cover the startup costs, in which case at least £50,000 of the total investment should come from your personal funds. 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. Eligible candidates may apply for financial assistance.
Lastly, another option to consider is Auntie Anne's, a brand that has been operating since 1988. The company has built strong customer loyalty over the past 32 years. A network of 2,000 franchisees promotes the brand's visibility. Starting an Auntie Anne's franchise will require you to invest a minimum of £145,000. At least £40,000 of this should come from your own personal investment. Due to the higher startup costs, this option is not recommended for first-time franchisees. An investment in this franchise entitles you to financial aid, if eligible. See our website for more information.
If you would like to find out more about franchise opportunities in the Restaurant sector, have a look through our 88 available options. Point Franchise currently has a total of almost 250 brands recruiting franchisees across a variety of sectors. Have a browse to see which other sectors you might want to invest in.
This text was automatically generated in partnership with LabSense, using data collected from NOMIS and the ONS.