Restaurant, Coffee Shop & Pub Franchise opportunities to start in Lowestoft
Starting a new business in Lowestoft
Lowestoft, located in the East of England, has many opportunities for people looking to open their own business. There are several brands currently recruiting franchisees in the Suffolk area. This could mean working for yourself while benefiting from the comprehensive support of an established brand. Starting a business should be exciting! Have a look at our range of franchising options, starting with the sectors that you feel most passionate about.
A recent census found that 759,000 people live in Suffolk. The majority of residents are aged over 60 years old. The labour force makes up 80.2% of the population, or approximately 350,800 people. The region has an unemployment rate of 2.4% which is significantly lower than the national average of 4%. Across the UK, the annual gross salary is just over £30,500 on average. In the region of Suffolk, it averages £29,129.
Running a Restaurant franchise business
If you're interested in becoming a franchisee in the Restaurant industry, check out our 88 franchise opportunities currently available in the sector. Have a look through our three Pub & Bar franchises, two Bubble Tea franchises, two Chicken franchises, three Juice Bar franchises and five Noodle Bar franchises to see if any suit your career goals and aspirations. If you are thinking about starting a business in Hospitality and Food Services, Suffolk could be a good place to do it. Indeed, 24,000 people have already made the decision to work in this field in the Suffolk area.
Three franchises that might interest you
If you're interested in the Restaurant sector, take a look at Rooster Shack. By joining its current two franchisees, you would become a part of a growing brand network. You will need to invest £150,000 to begin operating your own Rooster Shack business, which is a significant initial investment. Your personal investment should account for at least £75,000 of the total amount. It is thus less appropriate for new investors. You will also need to invest in a large premises to operate this business.
Wolf is another competitive brand operating in the Restaurant sector. 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 generally be required. For Wolf, the minimum personal investment is £100,000. Due to the higher startup costs, this option is not advisable for first-time franchisees. You will also need to invest in a large premises to operate this business. Also, if you can't cover the startup costs alone, you may be able to benefit from financial aid.
Finally, Café Rouge is another interesting franchise option if you plan to invest in the Restaurant sector. The brand is expanding, with 90 outlets already in operation, and a desire to expand further. You will need to invest £700,000 to open your own Café Rouge business. At least £350,000 of this significant amount should come from your own personal investment. Due to the higher startup costs, this option is not recommended for first-time franchisees. You will also need to invest in a large premises to operate this business. If you can't afford the startup costs on your own, you could find out if you qualify for financial assistance. See our website for details.
If working in the Restaurant sector appeals to you, have a look at our 88 available franchising opportunities 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 text was automatically generated in partnership with LabSense, using data collected from NOMIS and the ONS.