Restaurant, Coffee Shop & Pub Franchise opportunities to start in Scarborough
Scarborough is an attractive town to invest in
If you're considering running your own business in Scarborough, located in Yorkshire and the Humber, you should explore franchising options. Several brands are currently recruiting in the Scarborough area. As a franchisee you could run your own business while benefitting from comprehensive support. Keep reading to see if this could be for you. We offer a number of franchises to suit a variety of budgets and career goals. Take a look at our range of businesses and sectors to see what might suit you.
Recent figures show that Scarborough has a population of 109,000 people. Residents aged over 60 years old have the highest concentration within the population. The labour force makes up 82.1% of the population, or approximately 49,600 people. The area has an unemployment rate of 2.6% which is significantly lower than the national average of 4%. The UK's annual average salary is £30,629. Salaries in Scarborough are lower in comparison, averaging £22,858 a year.
What the Restaurant industry could offer you
The Restaurant sector currently offers 88 franchise opportunities. If this sector appeals to you, take a look at our options. You will find 14 Takeaway franchises, three Frozen Yogurt franchises, two Chicken franchises, five Sandwich franchises and two Burger franchises offering the opportunity to invest. Check out our available brands to find a potential match. If you want to operate a business in the Hospitality and Food Services industry, it could be useful to know that companies in the field currently employ 8,000 people in the Scarborough area.
Three franchise business examples worth looking at
The Restaurant industry offers a variety of brands to choose from, including Wolf. By joining its four franchises already in operation, you could contribute to this company's expansion. Opening a Wolf business requires a significant initial investment of £200,000. If you plan on getting a loan to cover the startup costs, Wolf asks for a personal investment of at least £100,000. For most franchises, this amount represents 30 to 50% of the total investment. Given these higher startup costs, this opportunity is less suitable for first-time franchisees. You will also need to invest in a large premises to operate this business. If eligible, you might be able to benefit from financial assistance.
Another possibility to consider is Punch Pubs & Co. Franchisees benefit from this brand's wide network, which operates across 1,300 franchise locations. In order to start a Punch Pubs & Co business, a reasonable initial investment of £13,000 is required. If you plan on getting a loan to cover the startup costs, you will typically need to cover 30 to 50% of the total investment yourself. Punch Pubs & Co asks for a personal investment of at least £8,000. These relatively 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. You may qualify for financial aid.
NKD Pizza is a third interesting franchise option in the Restaurant sector. There are 25 outlets open so far, and the network is expanding. A large premises will be required to operate this business. If you can't cover the startup costs on your own, you could find out if you qualify for financial aid. See our website for more information.
The Restaurant sector offers 88 franchising opportunities. At Point Franchise, we have close to 250 new business investment opportunities available, giving you plenty to choose from in other sectors as well.
This page contains machine-generated content provided by LabSense, using data collected from NOMIS and the ONS.