Buffalo, New York Franchise Market Analysis
To gain comprehensive insights into Buffalo, New York, consider these figures in the table below, which include demographic segments, household dynamics, and financial averages, all pivotal in assessing the viability and promise of your franchise endeavor.
Buffalo, New York Demographic Insights | ||
Households (2023) | 119,073 | |
Households (2028) | 113,217 | |
Population (2023) | 264,896 | |
Population (2028) | 249,883 | |
Per capita Income (2023) | $35,005 | |
Total Household Expenditures | $6,927,645,707 | |
Total Retail Expenditures | $3,250,323,774 | |
Average Household Income (2023) | $77,379 | |
Average Household Income (2028) | $88,569 | |
City Data retrieved from https://sitesusa.com/Data |
Local Insights
Buffalo's reliance on automobiles is demonstrated by the fact that 66.6% of the workforce commutes alone by car. There’s a significant opportunity in the automotive industry, with potential sales in the motor vehicle and parts dealers sector estimated at $626.91 million, more than double the actual sales of $314.07 million. Considering there are 119,073 households in the city, there is a substantial market for automotive franchises specializing in repair, maintenance, and parts services.
Read MoreBuffalo's annual food and beverage consumer expenditure stands at over $1.03 billion, indicative of a robust market for food franchises. The potential in specialized sectors like fruit and vegetable markets—which shows a potential of $3 million against actual sales of approximately $189.99 thousand—suggests there are unexplored niches in the food industry. With a median household income of $50,366, franchises that innovate within the food sector, particularly those offering fresh and healthy options, have the potential to carve out a successful niche.
The age of Buffalo's housing stock, with a median home age of 75.4 years, points to a demand for home services franchises. The significant homeownership rate of 56.3% further supports the need for services ranging from basic repairs to full-scale renovations. Franchises that can offer solutions for home improvements, energy efficiency upgrades, and modifications for aging homes could find a receptive market in Buffalo.
Explore the franchise listings below and take the first step towards a rewarding business venture.
Buffalo, New York Franchise Opportunities (and Businesses for Sale)
ATAX Tax Service is your premier destination for comprehensive and reliable tax assistance.
40k Minimum Cash Required
My Business Venture gives you the ability to start an online business from your home. We provide you access up to 1 million products & you chose up to 2,000 you want to feature on your website! MBV’s 10% Price Guarantee on…
3,995 Minimum Cash Required
Mosquito Joe is an award-winning and environmentally friendly outdoor pest control franchise. Operating within a growing and recession-resilient industry that provides in-demand services, franchise owners enjoy an executive…
50k Minimum Cash Required
Concrete Technology is part of the multi-billion dollar industry of concrete restoration and beautification. We are dedicated to training you for your success. Learn more about the costs, benefits, and available locations…
15k Minimum Cash Required
Today's busy lifestyles demand the services PostalAnnex+ offers. Capitalize on this demand and open your own business!! After retiring from the printing business PostalAnnex+ founder Jack Lentz began working out of his…
70k Minimum Cash Required
Sniffing around for a great new opportunity? Zoomin Groomin is expanding our Mobile Pet Grooming business nationwide. Set your own schedule, be your own boss and work with pets all day. We’ll be right by your side, every…
100k Minimum Cash Required
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As of May 17, 2024: