Baton Rouge, Louisiana Franchise Market Analysis
To gain comprehensive insights into Baton Rouge, Louisiana, 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.
Baton Rouge, Louisiana Demographic Insights | ||
Households (2023) | 89,319 | |
Households (2028) | 86,150 | |
Population (2023) | 224,986 | |
Population (2028) | 215,354 | |
Per capita Income (2023) | $36,313 | |
Total Household Expenditures | $5,740,658,070 | |
Total Retail Expenditures | $2,687,505,993 | |
Average Household Income (2023) | $90,435 | |
Average Household Income (2028) | $102,001 | |
City Data retrieved from https://sitesusa.com/Data |
Local Insights
Baton Rouge's consumer spending on household operations amounts to $227.42 million annually, with a substantial owner-occupied housing market (over 54% of total housing). This opens opportunities for franchises that provide home improvement, maintenance, and repair services. With the homeowner demographic solidly in place, a franchise in this industry could leverage the growing need for these services in Baton Rouge.
Read MoreBaton Rouge's retail market reveals a striking opportunity for cosmetic and beauty franchises. The current potential sales of $4.76 million starkly outpace the actual sales of $1.16 million, indicating a substantial market ready to be captured. For franchises specializing in cosmetics and beauty, this gap represents a significant chance to fill a niche in a community with an average household income of $90,435.
The business environment in Baton Rouge is ripe for franchises that specialize in business services. With a robust foundation of 13,535 total businesses, including 516 company headquarters, the city has a significant concentration of commercial activity that necessitates a variety of professional support services. Moreover, these businesses contribute to a substantial employee base of 145,784 individuals, amplifying the demand for business-to-business (B2B) services. A franchise offering in business services—from IT and cybersecurity solutions to staffing and consulting—can leverage this vibrant ecosystem. Franchises that can position themselves as integral partners to these companies have the potential to tap into Baton Rouge's flourishing commercial sector.
Explore the franchise listings below and take the first step towards a rewarding business venture.
Baton Rouge, Louisiana 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
Mr. Electric is an award-winning electric installation and repair franchise, but you don't need experience as an electrician to be an owner. Operating within a growing and recession-resilient industry that provides…
65k Minimum Cash Required
Mosquito Joe is an award-winning and environmentally friendly outdoor pest control franchise. Operating within a growing and recession-resilient industry that provides in-demand services, franchise owners enjoy an executive…
50k Minimum Cash Required
Mr. Rooter is an award-winning plumbing franchise, but you don't need experience as a plumber to be an owner. Operating within a growing and recession-resilient industry that provides in-demand services, franchise owners…
50k Minimum Cash Required
Aire Serv is an award-winning HVAC franchise, but you don't need technician experience to be an owner. Operating within a growing and recession-resilient industry that provides in-demand services, franchise owners enjoy…
50k Minimum Cash Required
At Angora, we have developed the #1 system for building, launching & scaling ecommerce stores. We know success lies in creating a simple, replicable process, and as such have built our process around it. Because of this, no…
30k Minimum Cash Required
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Most Popular Industries & Categories
As of April 27, 2024: