Restaurant, Coffee Shop & Pub Franchise opportunities to start in Paignton
Starting a franchise business in Paignton
The franchising opportunities in Paignton, located in South West England, are numerous. As a franchisee, you could have the independence of working alone with the support of a team behind you. Stay on this page to discover which brands you could work with in Torbay. We offer a number of franchises to suit different budgets and career goals. Take a look at our range of businesses and sectors to see what might suit you.
The Torbay area has 136,000 residents. Residents in the 60+ age group make up the largest portion of the population. Unemployment affects 4% of the UK population. With a rate of 4.1%, unemployment in this area is in line with the national average. The labour force amounts to 59,400 people, making up 78.1% of the population. The region's average gross annual income of £23,343 is lower than the average income of just over £30,500 across the United Kingdom.
The Restaurant industry could be the right choice for you
Across the UK, there are 88 franchises operating in the Restaurant industry. You will find two Chicken franchises, three Juice Bar franchises, 11 Fast Food franchises, four Pizza franchises and five Noodle Bar franchises offering the opportunity to invest. Check out our available brands to find a potential match. In Torbay, the Hospitality and Food Services industry already provides work for nearly 8,000 people, potentially making this path an ideal one for you, too!
Here are three examples of franchise businesses
If you plan to invest in the Restaurant sector, Wok to Walk could be a good option. By joining its 95 franchises already in operation, you could contribute to this company's expansion. A small premises will be required to operate this business. Financial assistance is available for eligible franchisees.
Rooster Shack is an interesting franchise option in the Restaurant sector. By joining its network of two franchisees, you could play a part in this brand's success. You will need to invest £150,000 to start running your own Rooster Shack business, which is a significant initial investment. Your personal investment should account for at least £75,000 of the total amount. Due to the higher startup costs, this option is not advisable for first-time franchisees. You will also need to invest in a large premises to operate this business. Also, if you can't afford the startup costs on your own, you may qualify for financial support.
The Restaurant sector has many brands worth considering. As a final example, take a look at Bella Italia. The brand is developing, with 100 outlets currently 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 usually need to cover 30 to 50% of the total investment. Bella Italia requires a minimum personal investment of £350,000. 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 cover the startup costs on your own, you may qualify for financial aid. Visit our website for more information.
Eager to read more about business opportunities in the Restaurant sector? Explore our 88 available options. If this sector doesn't suit your needs, don't worry. Point Franchise offers 236 franchise options across a variety of sectors to help you find your perfect business opportunity.
Data on this page was collected from NOMIS and the ONS. This content was machine-generated in partnership with LabSense.