Restaurant, Coffee Shop & Pub Franchise opportunities to start in Stanford-le-Hope

Stanford-le-Hope is an attractive town to invest in

Franchising is a great way to start your own business, while benefitting from the comprehensive support of an established brand. Check out our range of brands in Stanford-le-Hope, located in the Thurrock area in the East of England, where many businesses are currently recruiting. With your interests and business goals in mind, have a look at our selection of new business investment opportunities.

The Thurrock area has 173,000 residents. The 0-19 age group has the highest concentration in the population. The community has a 5.5% unemployment rate, which is slightly higher than the national average of 4%. Overall, the region's economically active population consists of 89,300 people or 81.5% of the total population. Residents in the area earn £30,610 per year on average. This income is in line with the country's average gross income, which reaches £30,629.

Running a Restaurant franchise business

There are currently 88 opportunities to invest in the Restaurant sector. If you would like to run a business in this sector, keep reading. This sector offers a variety of interesting options, including two Bubble Tea franchises, five Sandwich franchises, three Pub & Bar franchises, four Pizza franchises and five Noodle Bar franchises. See if any catch your eye. The Hospitality and Food Services industry provides work for many people. In Thurrock, companies currently employ 4,500 people in the industry.

Here are three examples of franchise businesses

If you're interested in the Restaurant industry, take a look at Caprinos Pizza. By joining its 16 franchise already in operation, you could contribute to this brand's expansion. A total of £65,000 is required to start a Caprinos Pizza 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. You will also need to invest in a large premises to operate this business. When investing in this franchise, you could be eligible for financial aid.

Another option to consider is Las Iguanas. By joining its current 55 franchisee, you would become a part of a growing brand network. 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 typically need to cover 30 to 50% of the total investment. Las Iguanas asks for a minimum personal investment of £350,000. 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.

Finally, Punch Pubs & Co is another interesting option. With a vast network of 1,300 outlets, the brand knows how to support its franchisees. To open your own Punch Pubs & Co franchise, you will need to invest £13,000, of which at least £8,000 should be your own personal investment. You could apply for a loan to help cover the remaining startup costs. Given these low startup costs, this option could be suitable for first-time franchisees. You will also need to invest in a large premises to operate this business. Also, if you can't afford the startup costs on your own, you may qualify for financial support. See our website for more information.

Eager to read more about business opportunities in the Restaurant industry? Have a look at our 88 available options. Point Franchise currently has a total of close to 250 brands recruiting franchisees across a range of sectors. Have a browse to see which other sectors you might want to invest in.

This text was automatically generated in partnership with LabSense, using data collected from NOMIS and the ONS.