What are the Best Food Franchises UK to Own in 2019? |
Posted: September 25, 2019 |
Demand for eateries and restaurants has always been high. People like to eat good food surrounded by a good ambiance and likeminded people. People in UK are exceptionally out going and enjoy eating at fancy restaurants as well as buy from street vendors. This industry is fast growing with many old, established brands looking to expand, and many new innovative entrants in the market. The food industry is a lucrative investment opportunity as the market is always open for new flavours and new setups. In the coming years, the industry revenue is forecasted to grow at a compound annual rate of 3.5%. There will be an increase in the demand for eateries, cafes and food businesses on the whole. The big names usually expand by offering their franchises for sale. The food franchise opportunities have been rapidly increasing over the past few years. The food industry is relatively easier to enter into, and those businesses who have managed to build their brand names and expanded internationally, try to grow further by selling their franchises. There are many food franchises for sale in the UK. The investors are not required to have any background in the food industry, or to have any prior experience in running a food business. The franchisors help set up the franchise and guide and train the new owner in the do’s and don’ts of the business. It is up to the investor on how much he wants to invest. There is a franchise for sale in every budget option. The food industry growth is highly dependent on the changing tastes of the customers. Some food businesses open up and are unable to catch the attention of the customers, and shut down just as fast. This is why it is always a better idea to invest in a franchise, as that business already has a good client base, and there is evidence that the customers like what they are being served by that particular brand. It Is Always Better To Invest In Food Franchises That Have Been Around For A Longer Period Of Time And Have A Good Customer Base Big brand franchises are more expensive to buy but they come with a guarantee, that if run properly, the returns on investment will be greater. This is why we suggest to invest in brands that are well established and have growing businesses across the world. There are many such food franchises available for sale. Another smart option is to invest in something which is innovative and new. In the coming years, people would be keen on trying out new flavours, new set ups and something that is out of the ordinary. So, it’s safe to invest in something that is new to the market and hasn’t been done by anyone before, or has been done differently. For example, an international food franchise that is available for sale in the UK can be invested in, to give the customers a different taste. If handled properly, these new brands can establish themselves in the UK food market, as it is always open to something new and different. In order to make money in the coming years, the investors need to fight the saturation by opening up franchises in areas that are short on restaurants and cafes; target areas that have the customers but not the facilities. Opening up a well-known brand of café, eatery or restaurant there is bound to be a success. Investors Have The Option To Invest In The Big Names In The Coming Years The big names expand by selling out their franchises and it is always safer to invest in them. The big brands have well planned support strategies to help their franchises grow and expand and give a high ROI. Some of the food franchises for sale are: Dunkin Donuts When it comes to the largest coffee and donuts franchise, everyone knows its Dunkin Donuts. It is a multinational brand which has built a name for itself in the past decade and has expanded across the world. Investing in a Dunkin Donuts franchise is a guaranteed success. The company has only been able to expand so much due to the franchise industry. The support and training that Dunkin Donuts gives is second to none. Domino’s Pizza This is another big name that has thousands of franchises across the world. With an initial investment of £120,000, investors can become a part of this huge food chain and make substantial profits. Domino’s plans on expanding further in the coming years so they are investing heavily in their franchises. According to studies, UK spent a whopping £29 billion on just takeaways, and Dominos has a substantial portion in this number. This is a great fast food franchise investment for the coming years. Pizza Hut Another well-known brand that can be invested in for guaranteed profits in the near future. Everyone across the world knows Pizza Hut. The company has been able to expand far and wide with the help of its franchise policies. The support and training of the franchisees is so good that the customers are sure they will get quality whenever, wherever they opt for Pizza Hut. With an initial investment of £80,000, the investor can become a part of one of the largest pizza chains in the world. Wimpy When you think London, you think Wimpy. The brand has established its strong hold over the past 60 years of operations. It is an iconic British brand, with which customers loyalties are attached. Investing in a franchise like Wimpy is like a dream come true for any investor. This is a franchise-based business and its support to the new franchises is unmatched. The initial investment is a little steep as compared to other fast food chains, but with £270,000, you are buying 60 years’ worth of customers and loyalty.
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