Greensboro, North Carolina Franchise Market Analysis
To gain comprehensive insights into Greensboro, 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.
Greensboro, North Carolina Demographic Insights | ||
Households (2023) | 123,287 | |
Households (2028) | 124,177 | |
Population (2023) | 301,197 | |
Population (2028) | 303,183 | |
Per capita Income (2023) | $39,578 | |
Total Household Expenditures | $8,342,890,468 | |
Total Retail Expenditures | $3,921,295,911 | |
Average Household Income (2023) | $95,741 | |
Average Household Income (2028) | $102,355 | |
City Data retrieved from https://sitesusa.com/Data |
Local Insights
With a total of 208,514 vehicles available in Greensboro and an average of 1.7 vehicles per household, the automotive sector holds potential for franchises. Considering 70.3% of the workforce drives to work alone, there's a consistent demand for automotive services such as repair shops, maintenance, and car washes.
Read MoreAs Greensboro residents show a keen interest in health with a significant $700.09 million spent by consumers on healthcare annually, franchises in the health and fitness industry could capitalize on this. Combining this with the projected population growth and the trend of working from home (18.9%), innovative home-fitness solutions or boutique fitness centers could thrive, adapting to the modern balance of work and wellness.
Greensboro's home services sector is ripe for development, supported by a high occupancy rate of 92.3% in housing units and a median home value of $197,732. There's a notable opportunity in hardware stores, which can cater to the city's vibrant housing market. The data reflects a compelling gap, with potential sales for hardware stores at $9.19 million, surpassing actual sales of $8.78 million, indicating an unmet need in the market. Franchises that provide DIY tools, gardening supplies, or home repair materials could serve an important role for homeowners looking to maintain and upgrade their properties.
Explore the franchise listings below and take the first step towards a rewarding business venture.
Greensboro, North Carolina 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
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
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
Exclusive territory. #1 Industry leader since 2001. 100% financing for U.S. citizens who qualify* plus software package with complete training. $100K 1st year profit potential. National alliances...
80k 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
American Business Systems has been America's Leader in Medical Billing with Unparalleled Training, and Support for over 25 years. $100k Potential working from anywhere, full-time or part-time. Learn more about this…
30k Minimum Cash Required
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As of May 9, 2024: