Restaurant, Coffee Shop & Pub Franchise opportunities to start in Norwich
Starting a franchise business in Norwich
Would you like to open a business in Norwich, located in the East of England? Would you like to work for yourself but not on your own? If so, take a look at our franchising opportunities. On this page, you'll find various companies offering the training and support you need to run your own business in the Norwich area. Why not have a look through our range of new business investment options? There are opportunities to suit many needs and career goals.
Recent figures show that 141,000 people live in Norwich. The majority of residents are aged 20 to 39 years old. The local labour force includes 73,400 people, or 78.3% of the total population. With an unemployment rate of 7.6%, recent data shows that employment in this area is slightly higher than in the rest of the UK. The annual income in the United Kingdom is £30,629 on average. The people of Norwich earn an average annual salary of £26,353, slightly lower than the national average.
Why Restaurant businesses appeal to franchisees
Are you interested in the Restaurant sector? If so, there are 88 available brands to choose from in the UK. Among the business opportunities in this sector, you will find three Frozen Yogurt franchises, three Juice Bar franchises, 11 Fast Food franchises, four Halal franchises and two Burger franchises. The perfect business to suit your career goals and aspirations might just be among them. Opening a business is not a simple feat, but becoming a franchisee makes managing your own business much more feasible. The Norwich 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 6,000 people. So, what is stopping you from starting your own business in Norwich today?
Three brands worth your attention
If the Restaurant sector is your area of interest, Las Iguanas is worth looking at. By joining its current 55 franchisees, you would become a part of a growing brand network. Starting a Las Iguanas business requires a substantial initial investment of £700,000. If you plan on getting a loan to cover the startup costs, Las Iguanas asks for a personal investment of at least £350,000. For most franchises, this amount represents 30 to 50% of the total investment. Given these higher startup costs, this opportunity is less suitable for first-time franchisees. Financial aid can be given in some circumstances.
You could also have a look at Thai Express. The brand operates in 300 franchise locations which make up a well-established business community. Starting a Thai Express franchise will require you to invest a minimum of £150,000. At least £50,000 of this should come from your own personal investment. The higher startup costs make this 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 qualify for financial assistance.
Lastly, Crepe Delicious is another attractive brand operating in the Restaurant industry. This business requires an initial investment of £80,000. If you intend to get a loan to cover startup costs, you should anticipate adding a personal investment of 30 to 50% of the total investment as a general rule. The minimal personal investment to open a Crepe Delicious business is £50,000. Given these higher startup costs, this is an opportunity best suited for most established franchisees with greater access to financial resources. You will also need to invest in a large premises to operate this business. Eligible candidates may apply for financial aid. See our website for details.
Opening a business in the Restaurant industry has great potential. If you're interested, explore our 88 available options. But you also have plenty of investment possibilities in other sectors as well, including more than 232 franchising opportunities available on Point Franchise.
Data on this page was provided by NOMIS and the ONS. This content was machine-generated in partnership with LabSense.