Page 3 - Restaurant Coffee Shop Pub Franchise Opportunities Colchester

Why should you invest in Colchester?

Colchester, located in the East of England, currently offers many franchising opportunities. As a franchisee, you could run your own business while receiving expert training and support from an established brand. Keep reading to explore the options in the Colchester area. By exploring the sectors that appeal to you the most, you will find the brands that best suit your interests and business objectives.

According to recent census data, there are 193,000 people living in Colchester. Residents aged 20 to 39 years old are the most represented in the population. In terms of employment, the area has an economically active population of 93,800 people (75.6%), of which the unemployment rate is 3.6%. This figure is lower than the average unemployment rate in the UK. Colchester has an average annual income of ?33,390, which is higher than the national average salary of ?30,629.

The Restaurant sector and its business opportunities

The Restaurant sector currently offers 88 franchise opportunities. If this sector appeals to you, have a look at our options. In fact, you can pick from two Food Truck franchises, three Frozen Yogurt franchises, two Bubble Tea franchises, two Chicken franchises and nine Coffee, Cafe & Coffee Shop franchises today. Hospitality and Food Services is a well-established industry, providing work for 6,000 people in Colchester alone.

Want to know more? Read about these three brands

If working in the Restaurant industry appeals to you, take a look at Thai Express. The brand operates in 300 franchise locations which make up a strong business network. Opening a Thai Express franchise will require you to invest a minimum of ?150,000. At least ?50,000 of this 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. If you can't afford the startup costs on your own, you may be eligible for financial assistance.

Las Iguanas is another successful business operating in the Restaurant industry. There are 55 locations open so far, and the network is expanding. In order to start a Las Iguanas business, a significant initial investment of ?700,000 is required. If you plan on getting a loan to cover the startup costs, you will typically need to cover 30 to 50% of the total investment yourself. Las Iguanas asks for a personal investment of at least ?350,000. 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. Eligible candidates may apply for financial aid.

Finally, another brand worth considering is Rooster Shack. The brand is developing, with two outlets already in operation, and a desire to expand further. To start your business, you will need an initial investment of ?150,000. If you intend to get a loan to cover the costs of opening a franchise, a personal investment of 30 to 50% of the total amount will usually be required. For Rooster Shack, the minimum personal investment is ?75,000. 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. Also, if you can't afford the startup costs on your own, you may qualify for financial support. See our website for more information.

Opening a franchise in the Restaurant sector has great potential. If you're interested, check out our 88 available options. But you also have plenty of investment possibilities in other sectors as well, including more than 232 franchising opportunities available on Point Franchise.