Restaurant, Coffee Shop & Pub Franchise opportunities to start in Bicester
Starting a new business in Bicester
If you want to open your own business, you may find that Bicester has a lot to offer. Several companies are currently looking for franchisees in the Cherwell area. Keep reading to see if running a franchise could be a good option for you! Deciding which sector you'd like to work in will lead you to the businesses that best suit your needs and career objectives.
There are 149,000 people living in the Cherwell area. The population's most prevalent age group is made up of 40-59 year olds. The annual salary in the UK is just over £30,500 on average. The people of Cherwell earn an average annual salary of £32,464, slightly higher than the country's average.
The Restaurant sector: An interesting opportunity for franchisees
In the UK, you will find 88 franchises recruiting in the Restaurant industry. In fact, you can choose from three Pub & Bar franchises, nine Coffee, Cafe & Coffee Shop franchises, three Juice Bar franchises, 14 Takeaway franchises and two Chicken franchises today. In the Cherwell area, the Hospitality and Food Services industry provides employment for 6,000 people.
Read about these three brands to see what franchise options exist
Caprinos Pizza operates in the Restaurant sector. By joining its current 16 franchisees, you would be joining a growing brand network. This business requires an initial investment of £65,000. 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 Caprinos Pizza business is £50,000. 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 alone, you may be entitled to financial aid.
Café Rouge is another interesting franchising opportunity if you plan to invest in the Restaurant industry. By joining its network of 90 franchisees, you could contribute to this brand's success. To open your own Café Rouge franchise, you will need to invest £700,000, of which at least £350,000 should be your own personal investment. You could apply for a loan to help cover the remaining startup costs. It is thus less appropriate for new investors. You will also need to invest in a large premises to operate this business. You could also benefit from financial assistance, if eligible.
Finally, another option to consider is Rooster Shack. This brand is growing, counting two outlets across the country. A total of £150,000, a substantial initial investment, is required to open a Rooster Shack franchise. You might want to consider getting a loan to cover the startup costs, in which case at least £75,000 of the total investment should come from your personal funds. Given these higher startup costs, this opportunity is less suitable for first-time franchisees. You will also need to invest in a large premises to operate this business. You may be eligible for financial aid. See our website for more information.
The Restaurant sector currently offers 88 investment opportunities. But you also have plenty of investment possibilities in other sectors as well, including more than 232 franchising opportunities available on Point Franchise.
Data on this page was collected from NOMIS and the ONS. This content was machine-generated in partnership with LabSense.