Restaurant, Coffee Shop & Pub Franchise opportunities to start in Sale
What to know before starting a business in Sale
Sale, located in the North West of England, currently offers many franchising opportunities. As a franchisee, you could manage your own business while receiving expert training and support from an established brand. Keep reading to explore the options in the Trafford area. We offer a range of realistic new business investment opportunities, so that you can find one you like.
The population of Trafford is made up of 236,000 people. The most prevalent age group in the population is 40 to 59 years old. Unemployment in the area (4.5%) is high compared to the UK as a whole (4%). The labour force represents 82.4% of the local population, or 120,100 people. Trafford has an average annual income of £35,667. This salary is higher than the rest of the United Kingdom, which has an average salary of just over £30,500.
Could the Restaurant sector be the right choice for you?
Across the UK, there are 88 franchises in the Restaurant sector. Check out our two Chicken franchises, three Juice Bar franchises, three Frozen Yogurt franchises, five Noodle Bar franchises and two Burger franchises. Could one of these brands help you reach your career goals and aspirations? If you're interested in the Hospitality and Food Services industry, you may want to consider how many people already work in the industry. In Trafford, Hospitality and Food Services companies currently employ 7,000 people.
Take a look at these three business examples
If you would like to invest in a Restaurant business, you could consider Wok&Go. By joining its network of 26 franchisees, you could contribute to this brand's success. A total of £200,000, a significant initial investment, is required to open a Wok&Go franchise. You might want to consider getting a loan to cover the startup costs, in which case at least £100,000 of the total investment should come from your personal funds. Due to the higher startup costs, this option is not advisable for first-time franchisees. You will also need to invest in a large premises to operate this business. Also, if you can't afford the startup costs on your own, you may qualify for financial support.
Another option to consider is Veeno. There are eight locations open so far, and the network is expanding. This business opportunity requires an initial investment of £80,000. You could get a loan to help cover startup costs, in which case your personal investment will typically need to cover 30 to 50% of the total investment. Veeno asks for a minimum personal investment of £35,000. 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 can't cover the startup costs on your own, you could see if you qualify for financial assistance.
Lastly, Bella Italia is another attractive brand operating in the Restaurant industry. Starting a Bella Italia business requires a substantial initial investment of £700,000. If you intend to get a loan to cover the startup costs, Bella Italia asks for a personal investment of at least £350,000. For most franchises, this amount represents 30 to 50% of the total investment. It is thus less appropriate for new investors. You will also need to invest in a large premises to operate this business. You may be eligible for financial aid. See eligibility details on our website.
If you would like to learn more about franchise opportunities in the Restaurant sector, have a browse through our 88 available options. Point Franchise has almost 250 franchising opportunities across a wide variety of sectors. So if this sector isn't for you, there are still lots of investment options to explore.
This text was automatically generated in partnership with LabSense, using data provided by NOMIS and the ONS.