Restaurant, Coffee Shop & Pub Franchise opportunities to start in St Helens

What to know before opening a business in St Helens

The Isle of Wight area offers many interesting business opportunities. If you like the idea of running your own business, you should consider franchising. This would allow you to work for yourself while receiving the support of an established brand. Have a look on this page to discover the franchise options available to you in St Helens. To begin, look for the line of work that appeals to you the most. This is a quick way to find the brand best suited to you.

Isle of Wight has a population of approximately 142,000 people. The majority of the population sits within the 60+ age group. The area has a labour force of 58,600 people, or 76.6% of the total population. The unemployment rate (3.6%) is below par compared to the rest of the United Kingdom. Salaries in Isle of Wight average £24,262 a year, while in the UK the average income is just over £30,500.

Does the Restaurant sector appeal to you?

Are you interested in the Restaurant industry? If so, there are 88 available franchises to choose from across the United Kingdom. This sector offers a number of interesting options, including 14 Takeaway franchises, two Food Truck franchises, four Halal franchises, two Chicken franchises and five Sandwich franchises. See if any catch your eye. Opening a business is not a simple feat, but becoming a franchisee makes managing your own business much more feasible. The Isle of Wight region offers plenty of opportunities for starting a new and exciting business venture of your own. The Hospitality and Food Services industry is a busy one in the region, already employing 7,000 people. So, what is stopping you from starting your own business in Isle of Wight today?

Take a look at three franchise business examples

Las Iguanas is a competitive brand operating in the Restaurant sector. By joining its network of 55 franchisees, you could contribute to this brand's success. A substantial initial investment of £700,000 will enable you to start your own Las Iguanas business. In most cases, your personal investment should represent 30 to 50% of the total amount. Las Iguanas requires you to personally invest at least £350,000. You could potentially get a loan to cover the remaining 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. Also, if you can't afford the startup costs on your own, you may qualify for financial support.

Punch Pubs & Co is another interesting investment opportunity if you plan to invest in the Restaurant sector. A network of 1,300 franchisees promotes the brand's exposure. 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. A small premises will also be required to operate this business. When investing in this franchise, you could qualify for financial aid.

Lastly, you could also consider Shoryu Ramen. This brand is growing, counting 13 outlets in the United Kingdom. To open your own Shoryu Ramen franchise, you will need to invest £400,000, of which at least £200,000 should be your own personal investment. You could apply for a loan to help cover the remaining startup costs. Given these higher startup costs, this opportunity is less suitable for first-time franchisees. A small premises will also be required to operate this business. If you can't cover the startup costs on your own, you could see if you qualify for financial assistance. Visit our website for details.

If you are thinking about running a franchise business in the Restaurant sector, you might be interested to have a look at our 88 available brands. At Point Franchise, we have almost 250 franchising opportunities available, giving you plenty to choose from in other sectors as well.

This page contains data collected from NOMIS and the ONS. This content was automatically generated by LabSense.