Washington, District of Columbia Franchise Market Analysis
To gain comprehensive insights into Washington, District of Columbia, 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.
Washington, District of Columbia Demographic Insights | ||
Households (2023) | 303,171 | |
Households (2028) | 311,082 | |
Population (2023) | 675,277 | |
Population (2028) | 712,434 | |
Per capita Income (2023) | $80,751 | |
Total Household Expenditures | $33,157,730,414 | |
Total Retail Expenditures | $15,305,972,962 | |
Average Household Income (2023) | $178,758 | |
Average Household Income (2028) | $191,459 | |
City Data retrieved from https://sitesusa.com/Data |
Local Insights
The robust food and beverage sector in Washington, D.C., with an annual consumer expenditure of approximately $4.76 billion, indicates a thriving market for dining out. Given the substantial average household income of $178,758 and a median household income of $109,687, there's a significant segment of the population with disposable income to spend on food services. Franchises offering a variety of dining experiences, from fast-casual to fine dining, can capitalize on this spending power. Furthermore, the gap report reveals an untapped potential in limited service restaurants, showing potential sales of $554.16 million against actual sales of $318.44 million, suggesting an opportunity for franchises that cater to the 44.9% of households that are single-person, who may favor quick and convenient meal options.
Read MoreReflecting the city's focus on health and wellness, D.C.'s annual health care expenditure stands at $2.6 billion. The high average household net worth of $958,665 suggests a market for premium healthcare services that cater to an affluent clientele, including in-home healthcare or senior care services.
With a high percentage of renter-occupied housing units (60.4%) and a significant portion of the workforce (48.3%) working from home, there is likely an increased demand for residential cleaning services. Franchises offering cleaning services, particularly those that provide flexible scheduling to accommodate the large number of home workers, could find a receptive market in Washington, D.C.
Explore the franchise listings below and take the first step towards a rewarding business venture.
Washington, District of Columbia Franchise Opportunities (and Businesses for Sale)
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
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
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
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
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