Restaurant, Coffee Shop & Pub Franchise opportunities to start in Andover
Thinking about living and working in Andover?
Have you ever considered opening a franchise in Andover? This could be your opportunity to run your own business while receiving comprehensive training and marketing support, since many businesses in the Test Valley area are currently recruiting franchisees. Deciding which sector you'd like to work in will lead you to the brands that best suit your needs and business objectives.
Recent figures show that Test Valley has a population of 125,000 residents. When broken down by age group, the majority of the population sits within the 40-59 category. Unemployment affects 4% of the UK population. With a rate of 4%, unemployment in this area is in line with the national average. The labour force amounts to 60,500 people, representing 80.8% of the population. With an average gross annual income of £30,680, salaries in Test Valley are in line with the average income of £30,629 across the UK.
Running a franchise in the Restaurant industry
The Restaurant industry currently offers 88 franchise opportunities. If this sector appeals to you, have a look at our options. In fact, you can pick from three Frozen Yogurt franchises, two Bubble Tea franchises, five Noodle Bar franchises, 11 Fast Food franchises and two Burger franchises today. Moreover, the number of people currently employed in a specific industry gives an indication of how dynamic it is. In the Test Valley area, 4,000 people work for Hospitality and Food Services companies.
Three franchise business examples worth looking at
The Restaurant industry offers a variety of brands to choose from, including Café Rouge. The brand is expanding, with 90 outlets already in operation, and a desire to expand further. This business opportunity requires a significant initial investment of £700,000. You could get a loan to help cover startup costs, in which case your personal investment will generally need to cover 30 to 50% of the total investment. Café Rouge requires a minimum personal investment of £350,000. It is thus less appropriate for new investors. A large premises will also be required to operate this business. Café Rouge also provides training and support to help you run your business efficiently.
You could also consider Crêpeaffaire. There are 24 locations open so far, and the network is expanding. Starting a Crêpeaffaire franchise will require you to invest a minimum of £200,000. At least £130,000 of this should come from your own personal investment. Due to the higher startup costs, this option is not recommended for first-time franchisees. A large premises will also be required to operate this business. If you feel uncertain about starting your own business, you may feel more secure in taking on a franchise. Crêpeaffaire can support you with comprehensive training and assistance to help your business reach its full potential. What's more, financial assistance is available for eligible franchisees. Visit our website for details.
Finally, take a look at NKD Pizza, another interesting Restaurant franchise. By joining its network of 25 franchisees, you could play a part in this brand's success. A large premises will be required to operate this business.
If you are interested in the Restaurant sector and would like to discover more franchising opportunities, check out the 88 brands available in this sector. If you are still not sure which sector best suits your needs, have a look through our selection of close to 250 new business investment opportunities across different sectors on Point Franchise.
This text was automatically generated in partnership with LabSense, using data provided by NOMIS and the ONS.