Denver, Colorado Franchise Market Analysis
To gain comprehensive insights into Denver, Colorado, 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.
Denver, Colorado Demographic Insights | ||
Households (2023) | 325,857 | |
Households (2028) | 327,843 | |
Population (2023) | 717,096 | |
Population (2028) | 739,126 | |
Per capita Income (2023) | $64,858 | |
Total Household Expenditures | $29,649,998,891 | |
Total Retail Expenditures | $13,837,491,436 | |
Average Household Income (2023) | $142,141 | |
Average Household Income (2028) | $154,663 | |
City Data retrieved from https://sitesusa.com/Data |
Local Insights
In Denver, with an estimated population of over 717,000 and an average household income of $142,141, there's a strong base for automotive franchises. Notably, the gap report indicates significant promise in the Motor Vehicle, Parts Dealers category, with potential sales of $2.73 billion compared to actual sales of $1.59 billion, suggesting an opportunity gap of $1.14 billion. Considering that 88.5% of housing units are occupied, the demand for automotive services, including repair, maintenance, and enhancement, is apparent. This sector also includes promising niches such as recreational vehicle dealers with a gap of $34.11 million, motorcycle and boat dealers with a gap of $69.77 million, and auto parts and accessories with a gap of $69.57 million, indicating that these particular sub-categories have a high potential for new franchises.
Read MoreWith Denver's per capita income at $64,858 and an adult population of 592,712, the health and fitness industry has a favorable market. The city’s annual healthcare expenditure, which is at $2.38 billion, aligns with a health-oriented lifestyle that a health and fitness franchise could thrive in. There's a considerable opportunity for franchises that cater to an active lifestyle, such as boutique gyms, yoga studios, and personalized in-home fitness programs, especially as remote work continues to be prevalent for 33.5% of the workforce.
The housing market in Denver presents a valuable opportunity for home services franchises. The high median home value of over $562,290 and a significant total annual consumer expenditure on shelter of $6.31 billion underscore the potential for services that cater to home maintenance, improvement, and renovation. Franchises in landscaping, cleaning, remodeling, and handyman services can leverage the city's investment in residential upkeep and improvements.
Explore the franchise listings below and take the first step towards a rewarding business venture.
Denver, Colorado Franchise Opportunities (and Businesses for Sale)
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
Exclusive territory. #1 Industry leader since 2001. 100% financing for U.S. citizens who qualify* plus software package with complete training. $100K 1st year profit potential. National alliances...
80k 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
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
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
Did you know you could partner with a company to build out your entire e-commerce store, from product research to inventory acquisition to marketing? Yep! You can easily make 6-7 figures in passive income when we build your…
30k Minimum Cash Required
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As of May 9, 2024: