Indianapolis, Indiana Franchise Market Analysis
To gain comprehensive insights into Indianapolis, Indiana, 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.
Indianapolis, Indiana Demographic Insights | ||
Households (2023) | 364,281 | |
Households (2028) | 363,167 | |
Population (2023) | 886,172 | |
Population (2028) | 897,825 | |
Per capita Income (2023) | $38,436 | |
Total Household Expenditures | $24,127,295,975 | |
Total Retail Expenditures | $11,346,311,306 | |
Average Household Income (2023) | $93,143 | |
Average Household Income (2028) | $101,410 | |
City Data retrieved from https://sitesusa.com/Data |
Local Insights
Indianapolis’s growing population and a projected increase to 897,825 by 2028, combined with a high consumer expenditure on food and beverages, showcases a robust market for food franchises. The gap report further highlights this opportunity, indicating a substantial gap with potential sales in food and beverage stores at $1.66 billion against actual sales of $840.94 million. This gap suggests there is significant untapped market potential for food franchises, especially considering the average monthly household food expenditure of $813.
Read MoreWith a median household income of $60,859 and an average household net worth of $378,669, there is substantial potential for health and fitness franchises in Indy. The gap report supports this, showing room for growth in health and personal care stores with potential sales at $406.83 million against actual sales of $379.77 million. This sector is ripe for development, particularly for franchises offering specialized health and wellness services.
The presence of 588,863 vehicles and a high rate of vehicle ownership (1.6 vehicles per household) underlines the potential of Indianapolis’ automotive sector. The gap report indicates an opportunity in motor vehicle and parts dealers with potential sales at $2.23 billion, slightly above the actual sales of $2.14 billion, highlighting opportunities for automotive service franchises in maintenance, repair, and detailing services.
Explore the franchise listings below and take the first step towards a rewarding business venture.
Indianapolis, Indiana Franchise Opportunities (and Businesses for Sale)
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
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
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
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As of May 6, 2024: