Drinks Franchise opportunities to start in Watford
Watford is an attractive town to invest in
If you want to start your own business, you may find that Watford has a lot to offer. Many brands are currently recruiting franchisees in the Watford area. Read on to see if running a franchise could be a good option for you! Why not have a look through our selection of franchising options? There are opportunities to suit various needs and business objectives.
The Watford area has a population of 97,000 residents. The majority of the population sits within the 20-39 age category. Watford has an average annual salary of £32,481. This salary is slightly higher than the rest of the United Kingdom, which has an average income of £30,629.
Running a Coffee & Wine Bar franchise business
If you wish to open a business in the Coffee & Wine Bar sector, take a look at our 14 franchises currently recruiting franchisees in the sector. The Coffee & Wine Bar sector is just one example of the options available in the Food sector. Other options include three Natural Food franchises, 23 Food and Beverage franchises, five Juice franchises, eight Ice Cream franchises and six Milkshake franchises. Have a browse, the perfect investment opportunity for you could be a few clicks away. If you are thinking about opening a business in Hospitality and Food Services, Watford could be a good place to do it. Indeed, 4,500 people have already made the decision to work in this industry in the Watford area.
Have a look at these three business examples
If you are interested in running a business in the Coffee & Wine Bar sector, read about Really Awesome Coffee. The brand is growing, 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 start a Really Awesome Coffee business is £9,300. These low startup costs make it a good option to pursue for first-time franchisees. Really Awesome Coffee could be a good option for you, as the company provides comprehensive training and support. Also, if you can't cover the startup costs alone, you may be able to benefit from financial assistance.
Coffee Blue is an interesting franchising opportunity in the Coffee & Wine Bar sector. By joining its network of 10 franchisees, you could play a part in this brand's success. A total of £43,305, an affordable initial investment, is required to start a Coffee Blue franchise. You might want to consider getting a loan to cover the startup costs, in which case at least £8,000 of the total investment should come from your personal funds. These low startup costs make it a good option to pursue for first-time franchisees. Coffee Blue provides comprehensive training and support to help you build a successful business of your own. Furthermore, you may qualify for financial aid.
Lastly, another possibility to consider is Esquires Coffee. The company first opened in 2000. Esquires Coffee has acquired valuable experience in the field in its 20 years since first opening. The brand has a strong network and good exposure, operating in 103 franchise locations. You will need an initial investment of £225,000 to open your own Esquires Coffee business. Your personal investment should account for at least £85,000 of the total amount. You may want to consider getting a loan to start a business in this sector. Due to the higher startup costs, this option is not advisable for first-time franchisees. You may feel more secure in opening an Esquires Coffee franchise knowing that franchisees can benefit from full training, assistance and support. Eligible candidates may also apply for financial aid. Visit our website for details.
Opening a franchise in the Coffee & Wine Bar sector has great potential. If you're interested, check out our 14 available opportunities. Point Franchise offers a total of almost 250 franchising options across many different sectors. So, if you're still searching for a brand that meets your needs, there are plenty of options for you to explore.
This text was automatically generated in partnership with LabSense, using data collected from NOMIS and the ONS.