Restaurant, Coffee Shop & Pub Franchise opportunities to start in Peterborough
Peterborough: A great location to start a business
The Peterborough area offers many interesting business opportunities. If you are interested in opening 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 Peterborough. Browsing our selection of brands and sectors will allow you to pinpoint the type of business that is right for you.
The population of Peterborough is 201,000. Residents aged 20 to 39 years old make up the prevalent age range within the population. The local unemployment rate of 6.2% is high compared to the national average of 4%. The local labour force consists of 98,700 people, making up 79.7% of the population. Salaries in Peterborough average £26,549 a year, while in the United Kingdom the average income is £30,629.
The Restaurant sector: An interesting opportunity for franchisees
Across the UK, there are currently 88 opportunities to run your own franchise in the Restaurant sector. You will find three Juice Bar franchises, 14 Takeaway franchises, three Frozen Yogurt franchises, five Noodle Bar franchises and five Sandwich franchises offering the opportunity to invest. Have a look at our available brands to find a potential match. In Peterborough, there are currently 5,000 people employed in the Hospitality and Food Services industry, so you would be joining an established business network.
Three franchise business examples worth looking at
If you're planning to invest in the Restaurant industry, take a look at Wolf. The brand is growing, with four outlets already in operation, and a desire to expand further. To start your business, you will need an initial investment of £200,000. 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 Wolf, the minimum personal investment is £100,000. 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. If you can't cover the startup costs on your own, you may qualify for financial assistance.
Another option to consider is Shoryu Ramen. By joining its network of 13 franchisees, you could play a part in this brand's success. You will need an initial investment of £400,000 to start your own Shoryu Ramen business. Your personal investment should account for at least £200,000 of the total amount. You may want to think about getting a loan to start a business in this sector. It is thus less appropriate for new investors. Financial aid can be given in some circumstances.
As a final Restaurant franchise option, check out Wok&Go. By joining its current 26 franchisees, you would become a part of a growing brand network. Starting a Wok&Go business requires a substantial initial investment of £200,000. At least £100,000 should come from your own personal investment. It is thus less appropriate for new investors. A large premises will also be required to operate this business. By investing in this franchise, you may be eligible for financial support. See our website for more information.
If you would like to have a look at more franchising options in the Restaurant industry, we currently have 88 available opportunities. If this sector doesn't suit your needs, don't worry. Point Franchise offers almost 250 franchise options across a variety of sectors to help you find your perfect investment opportunity.
This page contains machine-generated content provided by LabSense, using data collected from NOMIS and the ONS.