Restaurant, Coffee Shop & Pub Franchise opportunities to start in Portsmouth
Portsmouth and its prospects for new Businesses
If you want to open a business in Portsmouth, working for yourself but not on your own, then check out our franchising opportunities in the South East of England. On this page, you will find a variety of brands to choose from for becoming a franchisee in the Portsmouth area and across the United Kingdom. Deciding which sector you'd like to work in will lead you to the businesses that best suit your needs and career goals.
Recent figures show that Portsmouth has a population of 215,000 people. Residents aged 20 to 39 years old make up the majority of the population. The community has a 4.1% unemployment rate, which is in line with the UK average of 4%. There are 106,700 economically active people in the area, representing 73.9% of the total population. Across the United Kingdom, the average gross salary is just over £30,500. In the Portsmouth area, it is £25,913.
The Restaurant industry: An interesting opportunity for franchisees
If you wish to run a business in the Restaurant industry, check out our 88 brands currently recruiting franchisees in the field. Available franchises include three Juice Bar franchises, five Sandwich franchises, 11 Fast Food franchises, five Noodle Bar franchises and two Food Truck franchises. The perfect business to suit your career objectives and aspirations might just be among them. Many companies in Portsmouth already operate in the Hospitality and Food Services industry, which employs 9,000 people. You would become a part of a well-established business community.
Three examples of available franchise business options
If you'd like to run your own Restaurant business, Shoryu Ramen might be a great option for you. By joining its 13 franchises already in operation, you could contribute to this brand's expansion. A total of £400,000, a significant initial investment, is required to start a Shoryu Ramen franchise. You might want to consider getting a loan to cover the startup costs, in which case at least £200,000 of the total investment should come from your personal funds. Given these higher startup costs, this is an opportunity best suited for most established franchisees with greater access to financial resources. A small premises will also be required to operate this business. If you decide to invest in this franchise, financial assistance is available, providing you meet the eligibility criteria.
Have a look at Veeno. This brand is developing, counting eight outlets in the United Kingdom. You will need an initial investment of £80,000 to open your own Veeno business. Your personal investment should account for at least £35,000 of the total amount. You may want to think about getting a loan to open a business in this sector. 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. Also, if you can't cover the startup costs alone, you may be entitled to financial aid.
Lastly, another option to consider is Auntie Anne's, a brand that was first established in 1988. Auntie Anne's, now a leader in the sector, has gained 32 years of experience since first opening. Franchisees benefit from this company's wide network, which operates across 2,000 franchise locations. Opening an Auntie Anne's business requires a significant initial investment of £145,000. If you plan on getting a loan to cover the startup costs, Auntie Anne's asks for a personal investment of at least £40,000. For most franchises, this amount represents 30 to 50% of the total investment. The higher startup costs make this an opportunity best suited for most established franchisees with greater access to financial resources. Financial aid can be provided in some circumstances. See our website for more information.
The Restaurant sector currently has 88 new business investment opportunities. With 236 franchising opportunities to choose from across a variety of sectors, you have a good chance of finding a brand that meets your needs on Point Franchise.
This page contains machine-generated content provided by LabSense, using data collected from NOMIS and the ONS.