Englewood, Colorado Franchise Market Analysis
To gain comprehensive insights into Englewood, Colorado, 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.
Englewood, Colorado Demographic Insights | ||
Households (2023) | 16,930 | |
Households (2028) | 17,694 | |
Population (2023) | 34,323 | |
Population (2028) | 35,418 | |
Per capita Income (2023) | $57,956 | |
Total Household Expenditures | $1,326,985,420 | |
Total Retail Expenditures | $622,754,474 | |
Average Household Income (2023) | $117,164 | |
Average Household Income (2028) | $122,860 | |
City Data retrieved from https://sitesusa.com/Data |
Local Insights
Englewood's estimated population of over 34,000 and an average household income of $117,164 present a compelling case for automotive franchises. Coupled with a 94.1% housing unit occupancy rate and nearly 60% of households owning 1 or 2 vehicles, the need for automotive services in Englewood, CO is evident.
Read MoreThe home services industry in Englewood is poised for growth, with particular promise in the home furnishings and furniture subsectors. Data from the gap report underlines this potential, showing that the actual sales in furniture stores are currently $3.75 million, while the market potential stands at $8.83 million. This significant gap indicates a robust opportunity for new franchises to enter the market and capture consumer interest. In addition, home furnishing stores see a similar trend, with potential sales of $14.23 million far outstripping the actual sales of $9.06 million. With Englewood's median home value at an impressive $484,736 and a majority of the homes being owner-occupied, residents are likely investing in their properties, which aligns with the demand for quality home furnishings and furniture.
The business services sector in Englewood stands to benefit from the city's substantial corporate and entrepreneurial activity. With a total of 2,696 businesses and a workforce of 23,364, there's a clear opportunity for services that support business operations. Additionally, the high percentage of home-based workers, at 26%, underscores the need for business services that cater to remote work environments. These services could include professional consulting, marketing, IT support, or virtual administrative assistance. The economic environment of Englewood, characterized by its growing and relatively affluent population, creates a favorable market for business service franchises that offer innovative solutions to meet the evolving needs of local companies and professionals.
Explore the franchise listings below and take the first step towards a rewarding business venture.
Englewood, Colorado 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
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
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
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
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
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