Buffalo, New York Franchise Market Analysis
To gain comprehensive insights into Buffalo, New York, 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.
Buffalo, New York Demographic Insights | ||
Households (2023) | 119,073 | |
Households (2028) | 113,217 | |
Population (2023) | 264,896 | |
Population (2028) | 249,883 | |
Per capita Income (2023) | $35,005 | |
Total Household Expenditures | $6,927,645,707 | |
Total Retail Expenditures | $3,250,323,774 | |
Average Household Income (2023) | $77,379 | |
Average Household Income (2028) | $88,569 | |
City Data retrieved from https://sitesusa.com/Data |
Local Insights
Buffalo's reliance on automobiles is demonstrated by the fact that 66.6% of the workforce commutes alone by car. There’s a significant opportunity in the automotive industry, with potential sales in the motor vehicle and parts dealers sector estimated at $626.91 million, more than double the actual sales of $314.07 million. Considering there are 119,073 households in the city, there is a substantial market for automotive franchises specializing in repair, maintenance, and parts services.
Read MoreBuffalo's annual food and beverage consumer expenditure stands at over $1.03 billion, indicative of a robust market for food franchises. The potential in specialized sectors like fruit and vegetable markets—which shows a potential of $3 million against actual sales of approximately $189.99 thousand—suggests there are unexplored niches in the food industry. With a median household income of $50,366, franchises that innovate within the food sector, particularly those offering fresh and healthy options, have the potential to carve out a successful niche.
The age of Buffalo's housing stock, with a median home age of 75.4 years, points to a demand for home services franchises. The significant homeownership rate of 56.3% further supports the need for services ranging from basic repairs to full-scale renovations. Franchises that can offer solutions for home improvements, energy efficiency upgrades, and modifications for aging homes could find a receptive market in Buffalo.
Explore the franchise listings below and take the first step towards a rewarding business venture.
Buffalo, New York 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
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
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
ATAX Tax Service is your premier destination for comprehensive and reliable tax assistance.
40k 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 5, 2024: