Madison, Wisconsin Franchise Market Analysis
To gain comprehensive insights into Madison, Wisconsin, 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.
Madison, Wisconsin Demographic Insights | ||
Households (2023) | 121,519 | |
Households (2028) | 126,966 | |
Population (2023) | 267,446 | |
Population (2028) | 276,369 | |
Per capita Income (2023) | $52,712 | |
Total Household Expenditures | $9,400,362,296 | |
Total Retail Expenditures | $4,410,088,561 | |
Average Household Income (2023) | $115,014 | |
Average Household Income (2028) | $119,314 | |
City Data retrieved from https://sitesusa.com/Data |
Local Insights
Madison's estimated average household income in 2023 is $115,014, with a projected increase to $119,314 by 2028. The high disposable income suggests that residents may have the financial flexibility to spend on health and fitness services. With a per capita income of $52,712, launching an upscale gym or a boutique fitness center offering specialized classes could tap into this affluent market. The presence of high annual health care expenditures ($772.54 million) also indicates a community invested in health and wellness.
Read MoreMadison's substantial food and beverage consumer expenditure, totaling $1.37 billion annually, demonstrate the vibrancy of its food sector. The accommodation and food services sector shows a potential sales figure of $571.91 million against actual sales of $529.71 million, suggesting a community appetite for new food service franchises.
The housing units in Madison show considerable diversity, with a large proportion of recently built homes (26.3% built after 2000) and an average home age of 46.2 years. These statistics point to opportunities for home service franchises specializing in renovations, energy efficiency upgrades, and maintenance services. Additionally, monthly shelter expenditures of $1,367 per household indicate a willingness to invest in home improvements, aligning with trends towards modernization and sustainability.
Explore the franchise listings below and take the first step towards a rewarding business venture.
Madison, Wisconsin 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
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
American Business Systems has been America's Leader in Medical Billing with Unparalleled Training, and Support for over 25 years. $100k Potential working from anywhere, full-time or part-time. Learn more about this…
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
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
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 2, 2024: