Restaurant, Coffee Shop & Pub Franchise opportunities to start in Cambridge
Cambridge and its prospects for new Businesses
If you want to start your own business, you may find that Cambridge has a lot to offer. Many companies are currently looking for franchisees in the Cambridge area. Read on to see if running a franchise could be a good option for you! We offer a range of realistic new business investment possibilities, so that you can find one you like.
A recent census found that 126,000 people live in Cambridge. When broken down by age group, the majority of the population falls within the 20-39 category. The community has 69,400 economically active people, representing 81.8% of the population, with an unemployment rate of 1.4%. This rate is significantly lower than the country's 4% national average. The region's average gross annual income of £33,225 is higher than the average income of just over £30,500 across the UK.
The Restaurant sector: An interesting opportunity for franchisees
There are 88 brands currently recruiting franchisees in the Restaurant sector. If this sector appeals to you, check them out. You can pick an investment opportunity from two Food Truck franchises, five Noodle Bar franchises, two Chicken franchises, 11 Fast Food franchises and three Frozen Yogurt franchises. Let our selection of brands be your guide to starting your next exciting business venture.
Want to know more? Read about these three brands
If the Restaurant industry is your area of interest, Crepe Delicious is worth considering. The brand is growing, with 25 outlets already in operation, and a desire to expand further. This business opportunity requires an initial investment of £80,000. You could get a loan to help cover startup costs, in which case your personal investment will typically need to cover 30 to 50% of the total investment. Crepe Delicious requires a minimum personal investment of £50,000. It is thus less appropriate for new investors. You will also need to invest in a large premises to operate this business. Financial assistance is available for eligible franchisees.
Another option worth considering is Punch Pubs & Co. Franchisees benefit from this brand's wide network, which operates across 1,300 franchise locations. Opening a Punch Pubs & Co business requires an affordable initial investment of £13,000. If you plan on getting 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. These low startup costs make it a good option to pursue for first-time franchisees. You will also need to invest in a small premises to operate this business. Also, if you can't afford the startup costs alone, you may be entitled to financial aid.
Lastly, another option to consider is Caprinos Pizza. This brand is developing, counting 16 locations across the country. In order to open a Caprinos Pizza business, an initial investment of £65,000 is required. If you plan on getting a loan to cover the startup costs, you will usually need to cover 30 to 50% of the total investment yourself. Caprinos Pizza asks for a personal investment of at least £50,000. Given these higher startup costs, this opportunity is less suitable for first-time franchisees. A large premises will also be required to operate this business. You may be eligible for financial aid. Visit our website for details.
If working in the Restaurant industry appeals to you, have a look at our 88 available franchising opportunities in the sector. Point Franchise has almost 250 franchising opportunities across a wide variety of sectors. So if this sector isn't for you, there are still lots of investment options to explore.
This page contains data collected from NOMIS and the ONS. This content was automatically generated by LabSense.