Ashburn, Virginia Franchise Market Analysis
To gain comprehensive insights into Ashburn, Virginia, 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.
Ashburn, Virginia Demographic Insights | ||
Households (2023) | 18,106 | |
Households (2028) | 19,441 | |
Population (2023) | 47,642 | |
Population (2028) | 50,511 | |
Per capita Income (2023) | $69,649 | |
Total Household Expenditures | $2,018,130,791 | |
Total Retail Expenditures | $937,353,957 | |
Average Household Income (2023) | $183,231 | |
Average Household Income (2028) | $185,616 | |
City Data retrieved from https://sitesusa.com/Data |
Local Insights
The average household net worth in Ashburn, VA was estimated at $1.27 million in 2023, with an estimated median household income of $164,580. These figures suggest that there is significant financial stability within the community, possibly leading to a higher investment in health and wellness. The gap report supports this opportunity, indicating potential sales in the Health and Personal Care Stores sector at $32.77 million compared to actual sales of $9.36 million.
Read MoreAshburn shows a considerable annual expenditure on education ($79.92 million), reflecting the value placed on learning and development by its residents. The presence of young families is indicated by the household size data, with 30.1% being 2-person households and 17.7% being 4-person households. This demographic could be in search of quality educational services, including tutoring, test preparation, and enrichment activities.
The housing data in Ashburn reveals that a majority of the units are owner-occupied (71.5%). This suggests a potential demand for home maintenance and improvement services as these homes age. Franchises that offer renovation, landscaping, and other home maintenance services could tap into a market with homeowners who have the income to invest in their properties. The potential for growth in this sector is underscored by the gap in potential sales for Building Material and Garden Equipment Supplies Dealers at $53 million versus actual sales of $18.67 million.
Considering the transportation data, with 43.7% of households having 2 vehicles available, there is a strong indication of the importance of automotive ownership in Ashburn. Additionally, the average vehicles per household stands at 1.8. This points to the necessity of vehicle maintenance and repair services. Automotive franchises specializing in maintenance, repairs, or car washes could find a steady customer base in Ashburn, especially with the Auto Parts and Accessories market showing potential sales of $11.22 million against actual sales of $2.45 million.
Explore the franchise listings below and take the first step towards a rewarding business venture.
Ashburn, Virginia Franchise Opportunities (and Businesses for Sale)
ATAX Tax Service is your premier destination for comprehensive and reliable tax assistance.
40k Minimum Cash Required
VOTED TOP PART TIME - WORK AT HOME BUSINESS! Are You Looking to Make an Additional $100,000 in the Next 12 Months - No Employees to Hire - No Equipment to Rent/Buy - No Office/Warehouse to Rent/Lease - Start Making money in…
30k Minimum Cash Required
First on the scene and best in its class, Sky Zone created the world’s first wall-to-wall trampoline park in 2004, bringing healthy, high-flying fun to people across the globe. Now you can be part of this international…
500k 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
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
Get started for as little as $15,000. Make an investment in your future. No franchise fees, setup fees or training costs. 100% of your investment goes to your business. Do you need work that can fit around your family…
15k Minimum Cash Required
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As of May 5, 2024: