Restaurant, Coffee Shop & Pub Franchise opportunities to start in King's Lynn
What to consider when starting a franchise in King's Lynn
If you want to open a business in King's Lynn, working for yourself but not on your own, then check out our franchising options in the East of England. On this page, you will find a range of brands to choose from for becoming a franchisee in the King's Lynn and West Norfolk area and across the UK. We offer franchise investment opportunities in a variety of sectors. Why not explore the sector that appeals to you the most?
There are 152,000 people in the King's Lynn and West Norfolk area. The most prevalent age group in the population falls in the 60+ age bracket. Unemployment in the area (3.2%) is below par compared to the United Kingdom as a whole (4%). The labour force represents 80.9% of the local population, or 69,100 people. For the King's Lynn and West Norfolk area, the average salary is £25,049, which is slightly lower than the national average income of just over £30,500.
What the Restaurant industry could offer you
If you want to manage your own business in the Restaurant industry, the good news is that there are 88 franchises currently recruiting new franchisees across the country. There are two Burger franchises, three Juice Bar franchises, two Chicken franchises, nine Coffee, Cafe & Coffee Shop franchises and five Noodle Bar franchises offering franchising opportunities. You'll find options to suit many different career goals and aspirations. Hospitality and Food Services is a well-established industry, providing work for 4,500 people in King's Lynn and West Norfolk alone.
Want to know more? Read about these three brands
If the Restaurant industry is your area of interest, Bella Italia is worth considering. The brand is developing, with 100 locations already in operation, and a desire to expand further. You will need an initial investment of £700,000 to start your own Bella Italia business. Your personal investment should account for at least £350,000 of the total amount. You may want to think about getting a loan to open a business in this sector. Due to the higher startup costs, this option is not recommended for first-time franchisees. You will also need to invest in a large premises to operate this business. If you can't afford the startup costs on your own, you may qualify for financial assistance.
Take a look at Shoryu Ramen. By joining its network of 13 franchisees, you could contribute to this brand's success. Opening a Shoryu Ramen business requires a substantial initial investment of £400,000. If you intend to get a loan to cover the startup costs, Shoryu Ramen asks for a personal investment of at least £200,000. For most franchises, this amount represents 30 to 50% of the total investment. Due to the higher startup costs, this option is not advisable for first-time franchisees. A small premises will also be required to operate this business. You may be eligible for financial aid.
Lastly, Wok to Walk is another interesting investment opportunity if you plan to invest in the Restaurant sector. By joining its current 95 franchisees, you would become a part of a growing brand network. You will need to invest in a small premises to operate this business. Financial support is available for eligible franchisees. Visit our website for more information.
Eager to read more about business opportunities in the Restaurant industry? Check out our 88 available options. If you're curious about business options in other sectors, we've got a total of close to 250 franchising opportunities to choose from on Point Franchise.
NOMIS and the ONS provided the data shown on this page. This text was automatically generated by LabSense.