Honolulu, Hawaii Franchise Market Analysis
To gain comprehensive insights into Honolulu, Hawaii, 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.
Honolulu, Hawaii Demographic Insights | ||
Households (2023) | 142,811 | |
Households (2028) | 142,355 | |
Population (2023) | 357,652 | |
Population (2028) | 347,586 | |
Per capita Income (2023) | $49,310 | |
Total Household Expenditures | $11,536,399,682 | |
Total Retail Expenditures | $5,392,476,239 | |
Average Household Income (2023) | $122,599 | |
Average Household Income (2028) | $134,510 | |
City Data retrieved from https://sitesusa.com/Data |
Local Insights
The automotive industry in Honolulu has notable potential due to 16.1% of households having no vehicle and 42.3% owning just one. This creates a demand for automotive services and car-sharing facilities. With potential sales in auto parts and accessories reaching $65.48 million against actual sales of $25.17 million, and tire dealerships observing potential sales of $43.87 million in contrast to actual sales of $9.41 million, franchises in these areas could seize a significant market opportunity, serving a population density of 5,227 people per square mile and a robust influx of tourists.
Read MoreHealthcare expenditures at $945.11 million annually signal a strong focus on health and fitness in Honolulu. The health and personal care stores sector shows potential sales of $192.77 million compared to actual sales of $124.58 million, pointing towards a 35% gap in the market. Franchises that can offer products and services to enhance the active lifestyle of Honolulu’s residents, complemented by the city's natural environment, are likely to be well-received.
The retail industry in Honolulu, with annual expenditures reaching $5.39 billion, presents a thriving market for new franchises. With an owner-occupied median home value of $788,814, franchises that cater to home furnishing, luxury goods, and personalized retail experiences can tap into this market of homeowners with significant spending power.
Explore the franchise listings below and take the first step towards a rewarding business venture.
Honolulu, Hawaii Franchise Opportunities (and Businesses for Sale)
ATAX Tax Service is your premier destination for comprehensive and reliable tax assistance.
40k 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
Today's busy lifestyles demand the services PostalAnnex+ offers. Capitalize on this demand and open your own business!! After retiring from the printing business PostalAnnex+ founder Jack Lentz began working out of his…
70k Minimum Cash Required
There is NO better business model that is designed to excel in inflation, recession, and uncertain times. We help you create the ultimate MONTHLY cash flow for years by helping companies save money when they need it. Buy a…
70k 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
Lawn Pride is a rapidly growing lawn care franchise, but you don't have to get your hands dirty to be an owner. Operating within a growing and recession-resilient industry that provides in-demand services, franchise…
50k Minimum Cash Required
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As of May 13, 2024: