Franchises for Sale in Albuquerque, New Mexico
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 More![Map of Albuquerque,New Mexico including demographic data](https://franchise-ventures-general.s3.amazonaws.com/citypages_cdn/257/albuquerque-nm-4-5.jpeg?v=1)
The 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)
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
There is NO better business model that is designed to excel in inflation, recession, and uncertain times. We help you create the ultimate MONTHLY cash flow for years by helping companies save money when they need it. Buy a…
70k Minimum Cash Required
We will build, manage, & scale a 100% done-for-you Amazon FBA E-Commerce business. Giving you truly hands-free passive income. Our company utilizes partnerships with established brands, & exclusive pricing with our vetted…
50k Minimum Cash Required
ATAX Tax Service is your premier destination for comprehensive and reliable tax assistance.
40k 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
Caring Transitions is a low-cost, home-based franchise that allows you to help older adults and their families with major transitions. Rather than concentrate on one service, we focus on the full needs of our clients in this…
50k Minimum Cash Required
At Franchise Gator, we prioritize transparency and objectivity to empower your franchise decisions. Unlike brokers or franchisors, our motivations are unclouded by financial incentives tied to your choices. We don't earn based on the franchise you opt for, instead, our mission is to present you with impartial insights. Navigate through a realm of franchising opportunities with information you can trust.
Most Popular Industries & Categories
As of July 27, 2024: