Albuquerque, New Mexico Franchise Market Analysis
To gain comprehensive insights into Albuquerque, New Mexico, 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.
Albuquerque, New Mexico Demographic Insights | ||
Households (2023) | 240,513 | |
Households (2028) | 238,737 | |
Population (2023) | 565,943 | |
Population (2028) | 564,217 | |
Per capita Income (2023) | $42,924 | |
Total Household Expenditures | $16,886,672,674 | |
Total Retail Expenditures | $7,945,166,570 | |
Average Household Income (2023) | $100,675 | |
Average Household Income (2028) | $109,910 | |
City Data retrieved from https://sitesusa.com/Data |
Local Insights
Albuquerque’s housing data hints at a demand for maintenance and renovations. With 93.7% of housing units occupied and 61.2% being owner-occupied, the home services industry presents lucrative opportunities. Franchises that provide specialized services to enhance living spaces, including energy efficiency upgrades, could tap into the homeowner market characterized by an average household net worth of $761,069.
Read MoreThe majority of Albuquerque’s households own vehicles, averaging 1.7 vehicles per household, and with 65.3% of the working population driving alone to work, the automotive industry holds strong franchise potential. Service franchises in maintenance, repair, or car wash services can capitalize on the high vehicle ownership in this city.
Albuquerque's economic landscape suggests a promising potential for the business services sector. With a total of 32,718 businesses in the city, there is a clear demand for services that support the operational needs of these companies. The gap report indicates opportunities in non-store retailers, including e-commerce and direct-to-consumer models, with a potential of $527.13 million against actual sales of $212.97 million, as well as mail order and catalog stores, showing potential sales of $439.2 million against actual sales of $186.33 million. This data indicates an unmet need for business services that can provide logistics, digital marketing, and supply chain solutions to help companies reach and serve customers more effectively. Additionally, the presence of company headquarters in the city (934 headquarters employing 33,578 people) underlines the need for professional services like accounting, legal, HR, and IT support. Franchises that offer these business-to-business services could find a robust market in Albuquerque, capitalizing on the growing trend towards outsourcing to improve efficiency and reduce costs.
Explore the franchise listings below and take the first step towards a rewarding business venture.
Albuquerque, New Mexico Franchise Opportunities (and Businesses for Sale)
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
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
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
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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