Restaurant, Coffee Shop & Pub Franchise opportunities to start in Bishop's Stortford

Why should you invest in Bishop's Stortford?

If you're interested in running your own business in Bishop's Stortford, located in the East of England, you should look at franchising options. Several brands are currently recruiting in the East Hertfordshire area. As a franchisee you could manage your own business while benefitting from comprehensive support. Keep reading to find out if this could be for you. There are a number of franchising options available based on your budget and career objectives. Have a look to find the brand that appeals to you most.

There are approximately 148,000 people currently living in East Hertfordshire. The majority of residents are aged 40 to 59 years old. The community has 70,700 economically active people, representing 77.1% of the population, with an unemployment rate of 1.9%. This rate is significantly lower than the country's 4% national average. The area's average gross annual income of £48,836 is significantly higher than the average income of just over £30,500 across the United Kingdom.

The Restaurant industry and its business opportunities

If you wish to run a business in the Restaurant industry, check out our 88 franchises currently recruiting franchisees in the field. This sector offers a number of interesting options, including two Food Truck franchises, five Sandwich franchises, two Burger franchises, three Pub & Bar franchises and 11 Fast Food franchises. See if any catch your eye. The Hospitality and Food Services industry provides employment for many people. In East Hertfordshire, companies currently employ 5,000 people in the industry.

Take a look at three franchise business examples

Shoryu Ramen operates in the Restaurant sector. By joining its network of 13 franchisees, you could play a part in this brand's success. In order to start a Shoryu Ramen business, a substantial initial investment of £400,000 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. Shoryu Ramen requires a personal investment of at least £200,000. It is thus less appropriate for new investors.

The Restaurant industry has many brands worth considering. Take a look at Subway®. In business since 2001, the brand is now mature and a leader within the sector, having developed its franchise network for 19 years. It is now firmly rooted in the market, counting 2,500 franchise outlets. If you decide to invest in this franchise, financial assistance is available, providing you meet the eligibility criteria.

Finally, another interesting investment opportunity is Wok&Go. By joining its current 26 franchisees, you would be joining a growing brand network. This business opportunity requires a significant initial investment of £200,000. 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. Wok&Go asks for a minimum personal investment of £100,000. 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. An investment in this franchise entitles you to financial aid, if eligible. See our website for more information.

Many businesses are already operating in the Restaurant industry. We currently have 88 franchise opportunities available in the sector. Plus, with 236 alternative franchising options available across various sectors, Point Franchise offers plenty of choice to find the right brand for you.

This page contains data provided by NOMIS and the ONS. This content was automatically generated by LabSense.