Restaurant, Coffee Shop & Pub Franchise opportunities to start in Smethwick
Why should you invest in Smethwick?
Are you thinking about opening a franchise? Smethwick, in the West Midlands, could have a lot to offer. By becoming a franchisee, you could receive training and marketing support from an established brand while managing your own business. Check out the brands currently recruiting in Sandwell. With your interests and career goals in mind, have a look at our range of new business investment options.
Sandwell has an estimated population of 327,000 people. The majority of the population falls within the 20-39 age range. The community has 153,400 economically active people, representing 74.7% of the population, with an unemployment rate of 5.3%. This rate is slightly higher than the country's 4% national average. The average gross salary in the United Kingdom is close to £31,000. Residents of Sandwell earn £23,823 a year on average.
Why choose to open a franchise in the Restaurant industry?
Across the United Kingdom, there are currently 88 opportunities to open your own franchise in the Restaurant sector. In fact, you can choose from 14 Takeaway franchises, five Noodle Bar franchises, four Halal franchises, two Bubble Tea franchises and two Food Truck franchises today. Many businesses in Sandwell already work in the Hospitality and Food Services industry, which employs 5,000 people. You would be joining a well-established business community.
Three examples of available franchise business possibilities
If you are interested in opening a business in the Restaurant sector, Caprinos Pizza could be an option for you. This brand is growing, counting 16 outlets in the UK. Starting a Caprinos Pizza business requires an initial investment of £65,000. At least £50,000 should come from your own personal investment. The higher startup costs make this an opportunity best suited for most established franchisees with greater access to financial resources.
Another option to consider is Veeno. By joining its network of eight franchisees, you could play a part in this brand's success. This business requires an initial investment of £80,000. 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 start a Veeno business is £35,000. Due to the higher startup costs, this option is not recommended for first-time franchisees. A large premises will also be required to operate this business. Also, if you can't afford the startup costs alone, you may be entitled to financial aid.
Finally, Rooster Shack could be another good option for you to invest in. By joining its current two franchisees, you would become a part of a growing brand network. Starting a Rooster Shack business requires a significant initial investment of £150,000. If you intend to get a loan to cover the startup costs, Rooster Shack asks for a personal investment of at least £75,000. For most franchises, this amount represents 30 to 50% of the total investment. It is thus less appropriate for new investors. You will also need to invest in a large premises to operate this business. Also, if you can't afford the startup costs on your own, you may qualify for financial assistance. See eligibility details on our website.
Starting a business in the Restaurant industry has great potential. If you're interested, have a look at our 88 available opportunities. Point Franchise offers a total of almost 250 franchising opportunities across a variety of sectors. So, if you're still looking for a brand that meets your needs, there are plenty of options for you to explore.
This page contains data provided by NOMIS and the ONS. This content was automatically generated by LabSense.