Restaurant Franchise opportunities to start in Colchester
What can Colchester offer to new businesses?
Would you like to start a business in Colchester, located in the East of England? Would you like to work for yourself but not on your own? If so, take a look at our franchising options. On this page, you'll find several companies offering the training and support you need to run your own business in the Colchester area. If you already know which line of work you'd like to pursue, look into our franchise opportunities in that sector. If not, look around and see what other options catch your eye. We have businesses to suit many different interests and career objectives.
According to recent census data, 193,000 people live in Colchester. The population's most prevalent age group is made up of 20-39 year olds. Approximately 93,800 people are economically active in the area, representing 75.6% of the population. The unemployment rate (3.6%) is low compared to the UK average (4%). For the Colchester area, the average salary is £33,390, which is higher than the national average income of just over £30,500.
Why open a franchise in the Casual Dining sector?
Across the UK, you will find 15 franchises operating in the Casual Dining sector. Bear in mind that the potential for exciting investment opportunities in the Restaurant sector is not limited to the Casual Dining sector. Other available investment opportunities include two Burger franchises, three Juice Bar franchises, three Frozen Yogurt franchises, four Pizza franchises and two Food Truck franchises. See if there's one to suit your career goals. If you want to work in the Hospitality and Food Services industry, it may interest you to know that, in the Colchester area, 6,000 people currently work in the industry.
Three franchise businesses worth reading about
If you're interested in the Casual Dining sector, check out Bella Italia. This brand is developing, counting 100 outlets across the country. You will need to invest £700,000 to begin running your own Bella Italia business, which is a significant initial investment. Your personal investment should account for at least £350,000 of the total amount. It is thus less appropriate for new investors. A large premises will also be required to operate this business. Financial assistance is available for eligible franchisees.
If the Casual Dining sector appeals to you, Wolf is another option you could consider. The brand is growing, with four locations currently in operation, and a desire to expand further. Starting a Wolf business requires a substantial initial investment of £200,000. At least £100,000 should come from your own personal investment. Given these higher startup costs, this is an opportunity best suited for most established franchisees with greater access to financial resources. 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.
As a final example, have a look at Shoryu Ramen. By joining its current 13 franchisees, you would become a part of a growing brand network. You will need an initial investment of £400,000 to start your own Shoryu Ramen business. Your personal investment should account for at least £200,000 of the total amount. You may want to think about getting a loan to start a business in this sector. It is thus less appropriate for new investors. A small premises will also be required to operate this business. Also, if you can't afford the startup costs alone, you may be able to benefit from financial aid. Visit our website for details.
If you are interested in the Casual Dining sector and would like to discover more franchising opportunities, check out the 15 brands available in this sector. With close to 250 new business investment opportunities to choose from across various sectors, you have a good chance of finding a brand that meets your needs on Point Franchise.
Data on this page was collected from NOMIS and the ONS. This content was machine-generated in partnership with LabSense.