Restaurant, Coffee Shop & Pub Franchise opportunities to start in Exeter
Thinking about living and working in Exeter?
Have you ever considered opening a franchise in Exeter? This could be your opportunity to run your own business while receiving comprehensive training and marketing support, since many businesses in the Exeter area are currently recruiting franchisees. Browse our extensive possibilities in order to find the right franchise for you, and you'll be one step closer to opening your own business.
There are approximately 130,000 people currently living in Exeter. The 20-39 age range has the highest concentration in the population. Unemployment in the area (2.6%) is very low compared to the UK as a whole (4%). The labour force represents 79.5% of the local population, or 70,900 people. The area's average gross annual income of £26,426 is slightly lower than the average income of close to £31,000 across the United Kingdom.
Does the Restaurant industry appeal to you?
Across the UK, there are 88 franchises in the Restaurant industry. This sector offers a number of interesting options, including four Halal franchises, three Juice Bar franchises, 14 Takeaway franchises, five Noodle Bar franchises and three Frozen Yogurt franchises. See if any catch your eye. If you're keen on the Hospitality and Food Services industry, you may want to consider how many people already work in the field. In Exeter, Hospitality and Food Services companies currently employ 6,000 people.
Three brands worth your attention
Thai Express operates in the Restaurant sector. By joining its network of 300 franchisees, you would become a part of a well-established business community. You will need to invest £150,000 to start your own Thai Express business. At least £50,000 of this significant amount should come from your own personal investment. Given these higher startup costs, this opportunity is less suitable for first-time franchisees. You will also need to invest in a large premises to operate this business.
Subway® could be another good option for you to invest in. Initially established in 2001, the brand has acquired valuable experience and expertise over the past 19 years. With a vast network of 2,500 locations, the brand knows how to support its franchisees. By investing in this established brand, you could qualify for financial aid.
Finally, another option worth considering is Esquires Coffee, a brand that was first established in 2000. Esquires Coffee has gained valuable experience in the sector in its 20 years since first opening. The brand's network is made up of 103 franchisees, which promote its exposure. To start your business, you will need an initial investment of £225,000. 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 typically be required. For Esquires Coffee, the minimum personal investment is £85,000. Due to the higher startup costs, this option is not advisable for first-time franchisees. You may be eligible for financial assistance. See eligibility details on our website.
There are 88 franchises waiting to be discovered in the Restaurant sector. If you're interested in exploring business options in other sectors, we've got a total of 236 franchising opportunities to choose from on Point Franchise.
This text was automatically generated in partnership with LabSense, using data provided by NOMIS and the ONS.