Durham, North Carolina Franchise Market Analysis
To gain comprehensive insights into Durham, North Carolina, 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.
Durham, North Carolina Demographic Insights | ||
Households (2023) | 126,344 | |
Households (2028) | 132,230 | |
Population (2023) | 292,035 | |
Population (2028) | 312,695 | |
Per capita Income (2023) | $47,966 | |
Total Household Expenditures | $9,465,965,383 | |
Total Retail Expenditures | $4,440,611,305 | |
Average Household Income (2023) | $110,237 | |
Average Household Income (2028) | $113,427 | |
City Data retrieved from https://sitesusa.com/Data |
Local Insights
Examining Durham's retail landscape through the lens of the retail gap report highlights concrete opportunities for franchise development. Notably, men's clothing stores show potential sales of $7.33 million against the actual sales of $5.41 million. The market for cosmetics and beauty stores is even more under-served, with potential sales reaching $7.79 million, well above the actual sales of $1.97 million. With the average household income at a healthy $110,237, these retail segments are primed for franchises that can meet the current unmet demand.
Read MoreThe total annual consumer expenditure on food and beverages is a whopping $1.38 billion in Durham, signifying a thriving market for food-related franchises. With 33.3% of households being 2-person households and the median household income standing at $76,350, franchises offering fast-casual dining could be particularly appealing.
Durham, with a total of 12,847 businesses and a workforce of 127,528 employees, shows substantial activity in the business sector. The significant presence of company headquarters, accounting for 398 businesses and a considerable number of employees (20,770), suggests that there's a vibrant corporate ecosystem. Given the expansive workforce, there's an evident opportunity for franchises offering business services—such as professional training, consulting, and office support.
Explore the franchise listings below and take the first step towards a rewarding business venture.
Durham, North Carolina 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
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
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
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
A Mediterranean Restaurant Franchise That Celebrates Greek Food and Culture.
100k Minimum Cash Required
Here at The UPS Store franchise, we know first-hand how important a healthy work-life balance is. When you become an owner of a The UPS Store, you are assisted with finding the right balance as you pursue your entrepreneurial…
75k Minimum Cash Required
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As of May 8, 2024: