Restaurant, Coffee Shop & Pub Franchise opportunities to start in Loughton

What to consider when opening a business in Loughton

Loughton, located in the South East of England, currently offers many franchising opportunities. As a franchisee, you could run your own business while receiving expert training and support from an established brand. Keep reading to explore the options in the Milton Keynes area. Deciding which sector you'd like to work in will lead you to the brands that best suit your needs and career goals.

The Milton Keynes area has a population of 269,000 residents. When broken down by age group, the 0-19 age range is the most prevalent in the population. The labour force constitutes 82.2% of the population, or approximately 140,300 people. The community has an unemployment rate of 4.8% which is slightly higher than the UK average of 4%. The UK's annual average income is just over £30,500. Salaries in Milton Keynes are slightly higher in comparison, averaging £32,644 a year.

Running a franchise in the Restaurant industry

If you wish to operate a Restaurant franchise, you are likely to find one that interests you among 88 available across the UK. In fact, you can pick from two Burger franchises, two Food Truck franchises, five Noodle Bar franchises, three Pub & Bar franchises and four Halal franchises today.

Three franchise business examples

The Restaurant sector has many franchise opportunities available, such as Wolf. The brand is expanding, with four outlets already in operation, and a desire to expand further. You will need to invest £200,000 to start operating your own Wolf business, which is a substantial initial investment. Your personal investment should account for at least £100,000 of the total amount. It is thus less appropriate for new investors.

Café Rouge is another interesting option. This brand is growing, counting 90 locations across the UK. A significant initial investment of £700,000 will enable you to start your own Café Rouge business. In most cases, your personal investment should represent 30 to 50% of the total amount. Café Rouge requires you to personally invest at least £350,000. You could potentially get a loan to cover the remaining costs. Given these higher startup costs, this opportunity is less suitable for first-time franchisees. A large premises will also be required to operate this business. If you can't afford the startup costs on your own, you could see if you qualify for financial assistance.

Finally, if the Restaurant sector appeals to you, Veeno is another option you could have a look at. By joining its network of eight franchisees, you could play a part in this brand's success. You will need an initial investment of £80,000 to start your own Veeno business. Your personal investment should account for at least £35,000 of the total amount. You may want to consider getting a loan to open a business in this sector. Due to the higher startup costs, this option is not recommended for first-time franchisees. Financial aid can be provided in some circumstances. See eligibility details on our website.

The Restaurant sector offers 88 franchising options. If you are still not sure which sector best suits your needs, have a look through our range of 236 new business investment opportunities across various sectors on Point Franchise.

Data on this page was provided by NOMIS and the ONS. This content was machine-generated in partnership with LabSense.