Page 2 - Restaurant Franchise Opportunities Ashton-Under-Lyne

Ashton-under-Lyne and its prospects for new Businesses

If you're considering running your own business in Ashton-under-Lyne, located in North West England, you should look at franchising options. Several companies are currently recruiting in the Tameside area. As a franchisee you could manage your own business while benefitting from comprehensive support. Keep reading to see if this could be for you. Deciding which sector you'd like to work in will lead you to the brands that best suit your needs and career goals.

Recent figures show that Tameside has a population of 225,000 residents. The 40-59 age range is the most represented within the population. In terms of employment, the area has an economically active population of 109,600 people (78.2%), of which the unemployment rate is 4.1%. This figure is in line with the average unemployment rate across the country. The average annual income across the UK is close to ?31,000. With a gross salary averaging ?24,496, residents of Tameside have a lower salary than the national average.

The Casual Dining sector could be the right choice for you

In the United Kingdom, there are 15 franchises recruiting in the Casual Dining sector. The Casual Dining sector is a part of the Restaurant industry. Other brands recruiting in this industry include two Bubble Tea franchises, two Burger franchises, 15 Restaurant franchises, two Chicken franchises and three Juice Bar franchises. Among these franchising opportunities, there will likely be one that fits your career goals and aspirations. Hospitality and Food Services is a well-established industry, providing employment for 4,000 people in Tameside alone.

Have a look at three franchise business examples

There are many interesting franchising possibilities in the Casual Dining sector. Take Bella Italia for example. By joining its network of 100 franchisees, you could contribute to this brand's success. In order to start a Bella Italia 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. Bella Italia asks for a personal investment of at least ?350,000. 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. If you can't afford the startup costs on your own, you could find out if you qualify for financial aid. This brand also provides its franchisees with full training and support.

Las Iguanas is another successful business operating in the Casual Dining sector. By joining its current 55 franchisees, you would become a part of a growing brand network. Opening a Las Iguanas franchise will require you to invest a minimum of ?700,000. At least ?350,000 of this should come from your own personal investment. Due to the higher startup costs, this option is not recommended for first-time franchisees. Las Iguanas provides comprehensive training and support to help you build a successful business of your own. Furthermore, you may qualify for financial assistance.

Finally, another interesting franchising opportunity is Wolf. There are four outlets open so far, and the network is expanding. A significant 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 apply for a loan to cover the remaining costs. 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. Wolf also offers training and support to help you run your business successfully.

Many businesses are already operating in the Casual Dining sector. We currently have 15 franchise options available in the sector. If you are still not sure which sector best suits your needs, have a look through our selection of close to 250 new business investment opportunities across different sectors on Point Franchise.