Drinks Franchise opportunities to start in Urmston
Urmston: A great location to start a business
If you'd like to open your own business but don't know where to start, a franchise might just be the solution. Urmston, situated in North West England, could be a good place to start as there are many brands currently recruiting franchisees in the Trafford area. Deciding which sector you'd like to work in will lead you to the businesses that best suit your needs and business objectives.
According to recent census data, there are 236,000 people living in Trafford. When broken down by age range, the majority of the population sits within the 40-59 category. The labour force constitutes 82.4% of the population, or approximately 120,100 people. The region has an unemployment rate of 4.5% which is slightly higher than the UK average of 4%. Salaries in Trafford average £35,667 a year, while in the United Kingdom the average salary is close to £31,000.
Why the Coffee & Wine Bar sector appeals to franchisees
There are 14 brands offering franchise opportunities in the Coffee & Wine Bar sector. The Food industry offers a variety of options in addition to those in the Coffee & Wine Bar sector. These include seven Vegan franchises, six Milkshake franchises, 15 Dessert franchises, three Wine franchises and five Tea franchises. Have a look at the brands available to see which could be your perfect match. Interesting fact: companies in Hospitality and Food Services employ 7,000 people in the Trafford area. This could be your opportunity to start a successful business of your own!
Check out these three business examples
If you're interested in the Coffee & Wine Bar sector, take a look at Really Awesome Coffee. The brand is expanding, with 54 outlets already in operation, and a desire to expand further. This business requires a reasonable initial investment of £69,000. 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 Really Awesome Coffee business is £9,300. Given these low startup costs, this option could be suitable for first-time franchisees. An investment in this franchise entitles you to expert training and support as well as financial assistance, if eligible. Visit our website for details.
The brand operates in 160 franchise locations which make up a strong business community. Opening a CAVAVIN business requires a significant initial investment of £100,000. If you intend to get a loan to cover the startup costs, CAVAVIN asks for a personal investment of at least £40,000. For most franchises, this amount represents 30 to 50% of the total investment. Due to the higher startup costs, this option is not advisable for first-time franchisees. A large premises will also be required to operate this business. This investment entitles you to training, assistance and support from CAVAVIN. You could also benefit from financial aid, if eligible. See our website for details.
As a final example, check out Esquires Coffee. Initially established in 2000, Esquires Coffee has gained valuable experience in the sector in its 20 years since first opening. The brand's network is important, counting 103 outlets across the UK. Starting an Esquires Coffee business requires a significant initial investment of £225,000. If you plan on getting a loan to cover the startup costs, Esquires Coffee asks for a personal investment of at least £85,000. For most franchises, this amount represents 30 to 50% of the total investment. Given these higher startup costs, this is an opportunity best suited for most established franchisees with greater access to financial resources. You will have all the guidance you need to manage your business thanks to the training and support provided by Esquires Coffee. And if you can't afford the startup costs on your own, you may be eligible for financial aid. See our website for more information.
If you are thinking about opening a franchise business in the Coffee & Wine Bar sector, you might be interested to browse our 14 available brands. But you also have plenty of investment options in other sectors as well, including more than 232 franchising opportunities available on Point Franchise.
NOMIS and the ONS provided the data shown on this page. This text was automatically generated by LabSense.