Page 3 - Restaurant Coffee Shop Pub Franchise Opportunities Newark-On-Trent

Newark-on-Trent and its prospects for new Businesses

Newark-on-Trent, located in the East Midlands, 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 Newark and Sherwood area. There are a number of new business investment opportunities available based on your budget and career objectives. Have a look to find the brand that appeals to you most.

Recent figures show that Newark and Sherwood has a population of 122,000 residents. The majority of the population sits within the 60+ age range. The labour force makes up 77.9% of the population, or approximately 57,000 people. The area has an unemployment rate of 6% which is slightly higher than the UK average of 4%. Residents in the area earn ?28,564 per year on average. This income is slightly lower than the country's average gross income, which reaches close to ?31,000.

The Restaurant sector and its business options

If you want to manage your own business in the Restaurant industry, the good news is that there are 88 franchises currently recruiting new franchisees across the country. There are four Pizza franchises, 14 Takeaway franchises, two Chicken franchises, five Noodle Bar franchises and 11 Fast Food franchises offering franchising opportunities. You'll find opportunities to suit many different career goals and aspirations. Many companies in Newark and Sherwood already operate in the Hospitality and Food Services industry, which employs 6,000 people. You would become a part of a well-established business community.

Check out these three business examples

If you are interested in opening a business in the Restaurant sector, read about Bubbleology, a brand operating since 2015. By joining its network of 69 franchisees, you could contribute to this up-and-coming brand's success. You will need an initial investment of ?120,000 to start your own Bubbleology business. Your personal investment should account for at least ?36,000 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.

Another possibility to consider is Subway¸. The brand first began operating in 2001. The brand has gained valuable experience and expertise over the past 19 years. With a vast network of 2,500 outlets, the brand knows how to support its franchisees. By investing in this franchise, you may be eligible for financial support.

Lastly, another interesting franchising opportunity is Wolf. The brand is developing, with four locations already in operation, and a desire to expand further. A substantial initial investment of ?200,000 will enable you to open your own Wolf business. In most cases, your personal investment should represent 30 to 50% of the total amount. Wolf requires you to personally invest at least ?100,000. You could potentially get a loan to cover the remaining costs. The higher startup costs make this an opportunity best suited for most established franchisees with greater access to financial resources. A large premises will also be required to operate this business. Also, if you can't cover the startup costs alone, you may be entitled to financial assistance. Visit our website for details.

The Restaurant sector currently offers 88 franchising opportunities. If you're interested in exploring investment options in other sectors, we've got a total of 236 franchising opportunities to choose from on Point Franchise.