For many years now, franchising has proved to be a productive and profitable means of starting a business in the United Kingdom, and there’s a good reason for this. Now, most franchises have established business names wherein customers from all over the world can rely upon and put their trust in these businesses.
Of the many business types that are up for franchise in the UK, some of the more popular ones are in the fast food industry. Wherever you are in the world, almost everyone loves that fast food fix; hence, you can be better assured that your business will be a hit.
If you’re looking to franchise one, here are some of the best fast food franchise opportunities for you to choose from:
McDonald’s is no stranger to the list of the best franchise opportunities all over the world. Having, around 30,000 branches worldwide, almost every major city across the globe has at least one McDonald’s store.
However, to be considered as a franchise owner, you’ll need at least 800,000 GBP (United Kingdom Pound) in financial resources. Nevertheless, the returns are great as well. Take a simple experiment by standing at the side of a McDonald’s store for one whole day and count the food traffic that comes in. You’ll conclude that McDonald’s will always be always in demand.
As a part of your preparation towards starting up a franchise, the company provides extensive training for your team. This ensures that you can successfully go about with your daily operations.
Wendy’s has been continuously awarded the top UK, and even across Europe and the World, fast food restaurant for many years. What sets Wendy’s apart from other fast food chains? Since it focuses primarily on burgers, Wendy’s is highly attractive for those who are always on the go. People with busy lifestyles no longer want to sit down and have a proper meal during a workday. A delicious burger is their ultimate go-to since they can eat as they’re heading to work or school. With this, you also have the assurance of a steady amount of customers, which makes your goal of a profit not hard to meet.
To open your own Wendy’s branch, you’ll need at least 1.6 to 3.1 million GBP.
With the recent increase in the desire to eat better and healthier in the United Kingdom, fast food restaurants that offer healthier alternatives have also become a more attractive choice for many. One of these fast food restaurants is Subway, which provides sandwiches depending on your desired meat, fillings, vegetables, and dressing. Subway makes it to this list, not only because of its relevance in today’s dining choices but also because of its relatively low franchise startup requirement.
If you aren’t one of those who can afford to shell out millions of dollars for a franchise business, Subway is a perfect choice for you. You only need an average of 119,000 to 237,000 GBP in startup amount. After your opening day, the monthly royalty that you’ll need to pay the Subway Corporation is at 8% of your gross expenses.
KFC is one of the most popular household names in the fast food industry. KFC is a globally popular fast food chain, with branches all over the United Kingdom, and the rest of the world. Everyone loves to have their share of KFC’s take on the classic fried chicken! Hence, wherever you’re reading this from, rest assured that your local KFC franchising plans will also succeed.
To qualify as a franchise, you’ll need at least 1.2 million, up to 2.4 million GBP. This amount can also vary on your country’s needs and branch size. For payment of the royalty fee, you’ll be charged with 4-5% of your gross sales, or around 1,000 GBP, whichever is higher.
5. Pizza Hut
Pizza Hut stands as one of the world’s most famous pizza fast food restaurants all over the world. If you have around 800,000 to 2.4 million GBP to spend on a franchise investment, this is one opportunity that you shouldn’t pass. Because it’s globally famous as well, you’re on the higher spectrum of profit-earning capacity, or rates. You can even use your franchise to hold events for customers.
As a franchisee, you’ll be charged with the following:
- 6% of gross sales as your service fee
- 2.5% to 3% of gross sales as your advertising fee
If you’re a business owner living in the UK, take note that franchising is a very attractive investment. The only downside to it is that it also comes with a high cash requirement. Most franchise businesses, particularly those in the fast food industry, are expensive.
The good news is that you can also rely on their established names and popularity. There’s no need to start from scratch to reach your target market. Hence, your chances of earning significant profits are high as well.
What’s left to do now is narrowing down these options and choose the franchise business that works best for you.