Restaurant, Coffee Shop & Pub Franchise opportunities to start in Manchester
Manchester: A great location to start a business
If you're thinking about running your own business in Manchester, located in the North West of England, you should explore franchising options. Several companies are currently recruiting in the Manchester 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. There are a number of new business investment opportunities available based on your budget and career objectives. Have a browse to find the brand that appeals to you most.
There are an estimated 548,000 people living in the Manchester area. The 20-39 age range is the most represented within the population. The local unemployment rate of 6.3% among 276,800 economically active people, or 71.3% of the population, is slightly higher than the average in the UK. The average annual income across the United Kingdom is just over £30,500. With a gross salary averaging £25,609, residents of Manchester have a slightly lower salary than the national average.
Business options in the Restaurant industry
Across the UK, there are 88 franchises operating in the Restaurant industry. You will find a lot of interesting franchising options, including two Chicken franchises, two Food Truck franchises, 11 Fast Food franchises, three Juice Bar franchises and 14 Takeaway franchises. Have a look at the available brands to find out if your perfect match is among them. Interesting fact: companies in Hospitality and Food Services employ 36,000 people in the Manchester area. This could be your opportunity to start a successful business of your own!
Check out these three business examples
If you plan to invest in a Restaurant business, you could consider Punch Pubs & Co. Franchisees benefit from this brand's wide network, which operates across 1,300 franchise locations. Opening a Punch Pubs & Co franchise will require you to invest a minimum of £13,000. At least £8,000 of this should come from your own personal investment. 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.
Caprinos Pizza is another interesting franchising opportunity if you plan to invest in the Restaurant industry. By joining its 16 franchises already in operation, you could contribute to this company's expansion. An initial investment of £65,000 will enable you to open your own Caprinos Pizza business. In most cases, your personal investment should represent 30 to 50% of the total amount. Caprinos Pizza requires you to personally invest at least £50,000. You could potentially get a loan to cover the remaining costs. 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. You may qualify for financial aid.
Lastly, another option to consider is Bella Italia. There are 100 locations open so far, and the network is expanding. Starting a Bella Italia business requires a substantial initial investment of £700,000. At least £350,000 should come from your own personal 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. Eligible candidates may apply for financial assistance. Visit our website for details.
If you want to work in the Restaurant sector, the perfect investment opportunity could be waiting for you among our 88 available franchises in the sector. Point Franchise currently has a total of 236 brands recruiting franchisees across a variety of sectors. Have a look to see which other sectors you might want to invest in.
This page contains data provided by NOMIS and the ONS. This content was automatically generated by LabSense.