Restaurant, Coffee Shop & Pub Franchise opportunities to start in Chatham
Investing in a franchise in Chatham
Many brands are currently looking for franchisees in Chatham, located in South East England. By becoming a franchisee, you could run your own business while receiving comprehensive training and marketing assistance. Keep reading to explore the options in the Medway area. Start by looking for franchise opportunities in the line of work you are most interested in. This will most likely help you find a brand that sparks your curiosity.
A recent census found that 278,000 people live in Medway. When broken down by age group, the majority of the population sits within the 20-39 category. The local unemployment rate of 3.5% is below par compared to the UK average of 4%. The local labour force consists of 142,200 people, representing 80.7% of the population. Medway has an average annual salary of £30,459, which is in line with the national average income of £30,629.
Why the Restaurant sector appeals to franchisees
If you wish to open a business in the Restaurant industry, take a look at our 88 brands currently recruiting franchisees in the field. There are two Bubble Tea franchises, five Noodle Bar franchises, four Halal franchises, three Pub & Bar franchises and 11 Fast Food franchises recruiting at this time. Our range is likely to have an option that suits your career goals and aspirations. If you are considering joining the Hospitality and Food Services industry, you may be interested to know that 6,000 people have already made the decision to work in this industry in the Medway area.
Have a look at three franchise business examples
If you'd like to run your own Restaurant business, Snappy Tomato Pizza might be a great option for you. There are 19 outlets open so far, and the network is expanding. To start your own Snappy Tomato Pizza franchise, you will need to invest £25,000, of which at least £5,000 should be your own personal investment. You could get a loan to help cover the remaining startup costs. Whether you're an established franchisee or a first-time investor, the low startup costs mean that this could be a good option for you. You will also need to invest in a large premises to operate this business. Eligible candidates may apply for financial aid.
Check out Rocket's. The brand is expanding, with 49 locations already in operation, and a desire to expand further. This business requires a significant initial investment of £200,000. If you intend to get a loan to cover startup costs, you should anticipate adding a personal investment of 30 to 50% of the total investment as a general rule. The minimal personal investment to open a Rocket's business is £170,000. 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. If you decide to invest in this franchise, financial aid is available, providing you meet the eligibility criteria.
The Restaurant industry has many brands worth considering. As a final example, have a look at Auntie Anne's. Initially established in 1988, the brand has grown a dedicated following over the past 32 years. A network of 2,000 franchisees promotes the brand's visibility. Starting an Auntie Anne's franchise will require you to invest a minimum of £145,000. At least £40,000 of this should come from your own personal investment. It is thus less appropriate for new investors.
There are currently 88 available franchising opportunities in the Restaurant industry. Have a look at these businesses to find out if there's a good fit for you. Point Franchise currently has a total of close to 250 brands recruiting franchisees across a variety of sectors. Have a browse to see which other sectors you might want to invest in.
NOMIS and the ONS provided the data shown on this page. This text was automatically generated by LabSense.
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