Restaurant, Coffee Shop & Pub Franchise opportunities to start in Letchworth
What can Letchworth offer to new businesses?
Letchworth, located in the East of England, currently offers many franchising opportunities. As a franchisee, you could run your own business while receiving expert training and support from an established brand. Keep reading to explore the options in the North Hertfordshire area. With your interests and career goals in mind, have a look at our selection of franchising options.
A recent census found that 133,000 people live in North Hertfordshire. When broken down by age group, the majority of the population falls within the 40-59 category. In terms of employment, the area has an economically active population of 68,400 people (83.9%), of which the unemployment rate is 3.7%. This figure is in line with the average unemployment rate across the UK. Salaries in North Hertfordshire average £35,383 a year, while in the United Kingdom the average income is £30,629.
Investment opportunities in the Restaurant sector
There are 88 UK-based franchises available in the Restaurant industry. With two Bubble Tea franchises, two Food Truck franchises, five Noodle Bar franchises, 14 Takeaway franchises and two Burger franchises, this field has great potential for exciting business plans. See if there's a brand to suit your goals and interests. If you're interested in the Hospitality and Food Services industry, you may want to consider how many people already work in the sector. In North Hertfordshire, Hospitality and Food Services businesses currently employ 4,000 people.
Eager to know more? Here are three franchise business examples
If you're interested in the Restaurant industry, have a look at Rooster Shack. By joining its current two franchisees, you would be joining a growing brand network. Opening a Rooster Shack franchise will require you to invest a minimum of £150,000. At least £75,000 of this should come from your own personal investment. Due to the higher startup costs, this option is not recommended for first-time franchisees. A large premises will also be required to operate this business. If you make the decision to invest in this franchise, financial aid is available, providing you meet the eligibility criteria.
If the Restaurant industry appeals to you, Wolf is another option you could consider. The brand is expanding, with four outlets already in operation, and a desire to expand further. Starting a Wolf 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. You will also need to invest in a large premises to operate this business. If eligible, you might be able to benefit from financial assistance.
Café Rouge is a third interesting franchising opportunity in the Restaurant sector. By joining its network of 90 franchisees, you could play a part in this brand's success. You will need an initial investment of £700,000 to open your own Café Rouge 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. It is thus less appropriate for new investors. You will also need to invest in a large premises to operate this business. Financial support is available for eligible franchisees. See our website for details.
Starting 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.
This page contains data collected from NOMIS and the ONS. This content was automatically generated by LabSense.