Restaurant, Coffee Shop & Pub Franchise opportunities to start in Grays
Grays and its prospects for new Businesses
The franchising opportunities in Grays, located in the East of England, are numerous. As a franchisee, you could have the independence of working alone with the support of a team behind you. Stay on this page to discover which brands you could work with in Thurrock. Have a look at our various franchising options to discover the sectors and brands that most appeal to you.
Recent figures show that 173,000 people live in Thurrock. The majority of residents are aged 0 to 19 years old. The labour force makes up 81.5% of the population, or approximately 89,300 people. The region has an unemployment rate of 5.5% which is slightly higher than the UK average of 4%. With an average gross annual income of £30,610, salaries in Thurrock are in line with the average salary of £30,629 across the United Kingdom.
Why Restaurant businesses appeal to franchisees
Across the UK, you will find 88 franchises operating in the Restaurant sector. There are three Juice Bar franchises, 14 Takeaway franchises, five Sandwich franchises, two Chicken franchises and two Food Truck franchises recruiting at this time. Our range is likely to have an option that suits your career goals and aspirations. Hospitality and Food Services is a well-established industry, providing work for 4,500 people in Thurrock alone.
Check out three available franchise options
If you would like to invest in the Restaurant sector, Las Iguanas could be a good option. By joining its 55 franchises already in operation, you could contribute to this brand's expansion. This business opportunity requires a significant initial investment of £700,000. You could get a loan to help cover startup costs, in which case your personal investment will generally need to cover 30 to 50% of the total investment. Las Iguanas asks for a minimum personal investment of £350,000. 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. Eligible candidates may apply for financial assistance.
Another possibility to consider is NKD Pizza. By joining its current 25 franchisees, you would become a part of a growing brand network. Financial aid can be provided in some circumstances.
Lastly, if the Restaurant industry appeals to you, Thai Express is another option you could consider. The brand runs in 300 franchise locations which make up a strong business network. A total of £150,000, a significant initial investment, is required to start a Thai Express franchise. You might want to consider getting a loan to cover the startup costs, in which case at least £50,000 of the total investment should come from your personal funds. 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.
There are 88 franchises waiting to be discovered in the Restaurant sector. Point Franchise currently has a total of almost 250 brands recruiting franchisees across a variety of sectors. Have a look to see which other sectors you might want to invest in.
Data on this page was collected from NOMIS and the ONS. This content was machine-generated in partnership with LabSense.