Restaurant, Coffee Shop & Pub Franchise opportunities to start in Bradford
Opening a franchise business in Bradford
If you'd like to run your own business but don't know where to start, a franchise might just be the solution. Bradford, situated in South West England, could be a good place to start as there are many businesses currently recruiting franchisees in the Cornwall area. By browsing the sectors that appeal to you the most, you will find the franchises that best suit your interests and career goals.
There are an estimated 566,000 people in the Cornwall area. The 60+ age range makes up the majority of the population. Unemployment in the area (3.3%) is below par compared to the UK as a whole (4%). The labour force represents 80.0% of the local population, or 261,600 people. The United Kingdom's annual average income is close to £31,000. Salaries in Cornwall are lower in comparison, averaging £23,266 a year.
Could the Restaurant sector be the right choice for you?
If you would like to operate a Restaurant franchise, you are likely to find one that appeals to you among 88 available across the UK. Among the business opportunities in this field, there are two Bubble Tea franchises, two Burger franchises, two Food Truck franchises, three Frozen Yogurt franchises and four Pizza franchises. The perfect business to suit your career goals and aspirations might just be among them. In Cornwall, there are currently 34,000 people working in the Hospitality and Food Services industry, so you would be joining an established business community.
Read about these three brands to see what franchise options exist
If the Restaurant sector is your area of interest, Las Iguanas is worth looking at. The brand is expanding, with 55 locations currently in operation, and a desire to expand further. To start your own Las Iguanas franchise, you will need to invest £700,000, of which at least £350,000 should be your own personal investment. You could get a loan to help cover the remaining startup costs. Given these higher startup costs, this is an opportunity best suited for most established franchisees with greater access to financial resources. A large premises will also be required to operate this business. If you can't afford the startup costs on your own, you may be eligible for financial assistance.
Another option to consider is Rocket's. By joining its current 49 franchisees, you would become a part of a growing brand network. A significant initial investment of £200,000 will enable you to start your own Rocket's business. In most cases, your personal investment should represent 30 to 50% of the total amount. Rocket's requires you to personally invest at least £170,000. You could potentially apply for a loan to cover the remaining costs. 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. By investing in this established brand, you could qualify for financial aid.
As a final example, check out Thai Express. The brand's network is important, counting 300 outlets across the United Kingdom. Opening a Thai Express business requires a substantial initial investment of £150,000. If you intend to get a loan to cover the startup costs, Thai Express asks for a personal investment of at least £50,000. For most franchises, this amount represents 30 to 50% of the total investment. It is thus less appropriate for new investors. 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. See our website for more information.
If you are considering running a franchise business in the Restaurant sector, you might be interested to have a look at our 88 available brands. Point Franchise offers a total of almost 250 franchising opportunities across many different sectors. So, if you're still looking for a brand that meets your needs, there are plenty of options for you to explore.
Data on this page was provided by NOMIS and the ONS. This content was machine-generated in partnership with LabSense.