Restaurant, Coffee Shop & Pub Franchise opportunities to start in Guildford
Guildford and its prospects for new Businesses
Are you thinking about opening a franchise? Guildford, in South West England, could have a lot to offer. By becoming a franchisee, you could benefit from training and marketing support from an established brand while running your own business. Take a look at the brands currently recruiting in Cornwall. Browse our extensive possibilities in order to find the right franchise for you, and you'll be one step closer to starting your own business.
The population of Cornwall is 566,000. When broken down by age range, the majority of the population sits within the 60+ category. The local labour force consists of 261,600 people, or 80.0% of the total population. With an unemployment rate of 3.3%, recent data shows that employment in this area is lower than in the rest of the UK. Salaries in Cornwall average £23,266 a year, while in the UK the average salary is close to £31,000.
The Restaurant industry: An interesting opportunity for franchisees
There are 88 brands offering franchise options in the Restaurant industry. Available brands include two Food Truck franchises, two Burger franchises, 14 Takeaway franchises, two Chicken franchises and five Noodle Bar franchises. You are likely to find a business that fits your career goals and aspirations among our numerous investment opportunities. You may be interested to know that companies in the Cornwall area currently employ 34,000 people in the Hospitality and Food Services industry.
Want to know more? Read about these three brands
Wolf could be a great choice for you if you're interested in the Restaurant industry. The brand is expanding, with four locations already in operation, and a desire to expand further. This business requires a significant initial investment of £200,000. 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 open a Wolf business is £100,000. It is thus less appropriate for new investors. A large premises will also be required to operate this business.
Have a look at Veeno. By joining its network of eight franchisees, you could contribute to 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. It is thus less appropriate for new investors. A large premises will also be required to operate this business. If you can't afford the startup costs on your own, you could find out if you qualify for financial assistance.
Lastly, another brand worth considering is Punch Pubs & Co. The brand has grown over time and now operates in 1,300 different locations. Starting a Punch Pubs & Co business requires an affordable initial investment of £13,000. If you intend to get a loan to cover the startup costs, Punch Pubs & Co asks for a personal investment of at least £8,000. For most franchises, this amount represents 30 to 50% of the total investment. Given these low startup costs, this option could be suitable for first-time franchisees. You will also need to invest in a small premises to operate this business. By investing in this franchise, you may be eligible for financial support. See eligibility details on our website.
If you are thinking about running a franchise business in the Restaurant industry, you might be interested to explore our 88 available brands. With almost 250 franchising opportunities to choose from across different sectors, you have a good chance of finding a brand that meets your needs on Point Franchise.
This text was automatically generated in partnership with LabSense, using data provided by NOMIS and the ONS.