Franchises for Sale in Lexington, Kentucky
Lexington, Kentucky Franchise Opportunities (and Businesses for Sale)
Over 30 years of consistent growth. Ongoing support. Multiple revenue streams. Whether you’re looking into owning your very first store, or you’re interested in adding to your existing franchise portfolio, Batteries Plus…
100k Minimum Cash Required
ATAX Tax Service is your premier destination for comprehensive and reliable tax assistance.
40k Minimum Cash Required
Are you looking for a Green Business. Estate Sales are BOOMING right now, as the senior population looks to downsize, move, or liquidate a home...and Blue Moon Estate Sales has a huge following of loyal shoppers just waiting…
60k Minimum Cash Required
Express Employment Professionals is the top staffing franchise in North America. Ranked #1 by Entrepreneur Magazine for 13 consecutive years, we have more than 860 awarded locations with an average of more than $6.4 million…
150k Minimum Cash Required
Ready to join the future of online shopping? Our E-Commerce Future Partner Program is your ticket in! Experience hands-off Amazon stores that effortlessly generate passive returns every month, taking advantage of Amazon’s…
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 2,500 you want to feature on your website! MBV’s 10% Price Guarantee on…
10k Minimum Cash Required
To gain comprehensive insights into Lexington, Kentucky, 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.
Lexington, Kentucky Demographic Insights | ||
Households (2023) | 137,294 | |
Households (2028) | 138,223 | |
Population (2023) | 322,038 | |
Population (2028) | 327,822 | |
Per capita Income (2023) | $46,653 | |
Total Household Expenditures | $10,167,484,279 | |
Total Retail Expenditures | $4,768,670,944 | |
Average Household Income (2023) | $108,690 | |
Average Household Income (2028) | $117,317 | |
City Data retrieved from https://sitesusa.com/Data |
Local Insights
The gap report in Lexington indicates a healthy opportunity in the motor vehicle and parts dealer sector, with potential sales of $938.69 million and actual sales of $808.97 million. The automotive industry, bolstered by an estimated 229,495 total vehicles available and the fact that 55% of households have two or more vehicles, is ripe for growth. Ventures in auto repair and maintenance services could thrive, considering the city's dominant car culture.
Read MoreThe food and beverage sector in Lexington shows promise, with the total annual consumer expenditure in this category reaching $1.49 billion. The presence of a significant number of households (over 32% being 1-person and 33.9% being 2-person households) suggests a demand for convenient dining options that a food franchise could cater to, especially for those looking for quick and healthy meals.
The variety of housing units, including a notable percentage of owner-occupied homes (52.6%), and the median home value of $250,139 suggest a market for home improvement and maintenance franchises. There's potential in targeting services that cater to homeowners looking to enhance their property values or maintain their homes, especially considering the median age of homes is 42.8 years, indicating a need for ongoing maintenance.
Explore the franchise listings below and take the first step towards a rewarding business venture.
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As of October 26, 2024: