Restaurant, Coffee Shop & Pub Franchise opportunities to start in Reading
Reading could be home to your new business
If you want to start your own business, you may find that Reading has a lot to offer. Many companies are currently recruiting franchisees in the Reading area. Read on to see if running a franchise could be a good option for you! If you already know which line of work you'd like to pursue, check out our franchise opportunities in that sector. If not, have a browse and see what other options catch your eye. We have brands to suit all kinds of interests and career goals.
Recent figures show that 163,000 people live in Reading. The majority of residents are aged 20 to 39 years old. The local unemployment rate of 3% is below par compared to the UK average of 4%. The local labour force consists of 90,700 people, representing 81.7% of the population. Across the UK, the average gross salary is close to £31,000. In the Reading area, it amounts to £32,730.
Running a franchise in the Restaurant industry
If the idea of running a business in the Restaurant industry appeals to you, have a look at the 88 brands currently recruiting franchisees in the sector. We have nine Coffee, Cafe & Coffee Shop franchises, 11 Fast Food franchises, four Halal franchises, three Frozen Yogurt franchises and 14 Takeaway franchises. Take a look at the brands to find out if your perfect match is among them. If you're interested in the Hospitality and Food Services industry, you're not alone. In Reading, 6,000 people currently work in the industry.
Have a look at three franchise business examples
Las Iguanas operates in the Restaurant industry. By joining its 55 franchises already in operation, you could contribute to this company's expansion. Opening a Las Iguanas business requires a significant initial investment of £700,000. If you intend to get a loan to cover the startup costs, Las Iguanas asks for a personal investment of at least £350,000. For most franchises, this amount represents 30 to 50% of the total investment. Given these higher startup costs, this is an opportunity best suited for most established franchisees with greater access to financial resources. You will also need to invest in a large premises to operate this business. Financial support is available for eligible franchisees.
Thai Express is an interesting investment opportunity in the Restaurant industry. The brand's network is made up of 300 franchisees, which promote its visibility. You will need an initial investment of £150,000 to start your own Thai Express business. Your personal investment should account for at least £50,000 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 is an opportunity best suited for most established franchisees with greater access to financial resources. You will also need to invest in a large premises to operate this business. By investing in this franchise, you may qualify for financial assistance.
As a final example, take a look at Veeno. There are eight outlets open so far, and the network is expanding. To start your business, you will need an initial investment of £80,000. If you plan on getting a loan to cover the costs of opening a franchise, a personal investment of 30 to 50% of the total amount will generally be required. For Veeno, the minimum personal investment 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 on your own, you may qualify for financial support. Visit our website for details.
Many businesses are already operating in the Restaurant sector. We currently have 88 franchise options available in the sector. If you're interested in exploring franchising options in other sectors, Point Franchise offers almost 250 brands to choose from.
NOMIS and the ONS provided the data shown on this page. This text was automatically generated by LabSense.
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