Little Rock, Arkansas Franchise Market Analysis
To gain comprehensive insights into Little Rock, Arkansas, 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.
Little Rock, Arkansas Demographic Insights | ||
Households (2023) | 89,364 | |
Households (2028) | 90,148 | |
Population (2023) | 205,774 | |
Population (2028) | 211,278 | |
Per capita Income (2023) | $46,849 | |
Total Household Expenditures | $6,548,603,750 | |
Total Retail Expenditures | $3,066,117,267 | |
Average Household Income (2023) | $107,393 | |
Average Household Income (2028) | $115,288 | |
City Data retrieved from https://sitesusa.com/Data |
Local Insights
In Little Rock, the food and beverage sector is ripe for franchising, with the gap report revealing a potential sales excess of 7%, or $442.45 million versus actual sales of $410 million. This aligns with the high annual consumer expenditure on food and beverages at $954.73 million. Considering the city’s growing population, which is estimated at 205,774 in 2023 and projected to increase to 211,278 by 2028, a franchise that offers a fresh take on grocery or specialty food markets could meet the unmet demand in this sector, particularly if they offer health-conscious and locally sourced products.
Read MoreLittle Rock's automotive sector presents a notable opportunity for franchise businesses. With 89,364 households and an average of 1.6 vehicles per household, there's a significant market for automotive products and services. The data shows that used car dealers have potential sales of $47.51 million compared to actual sales of $22.68 million, highlighting a considerable market opportunity. Moreover, the city’s residents spend $1.18 billion on transportation annually, underscoring the importance of vehicles in their daily lives. Franchises that offer vehicle maintenance, repair services, aftermarket parts, or specialize in automotive care could tap into Little Rock's vehicle ownership and usage, satisfying the community's need for reliable and convenient automotive services.
The business services sector in Little Rock is another area with great potential, especially considering the city's robust business landscape, which features a total of 12,318 businesses and a workforce of 158,426 employees. Furthermore, the trend towards remote working, indicated by 20.4% of the workforce working from home, opens avenues for franchises offering virtual assistance, online marketing, IT support, and other remote business solutions. Additionally, with a substantial portion of the workforce in management, business, and financial operations (16.8%), there's likely a demand for professional training, consulting, and outsourcing services that a business services franchise could fulfill effectively.
Explore the franchise listings below and take the first step towards a rewarding business venture.
Little Rock, Arkansas Franchise Opportunities (and Businesses for Sale)
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
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
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
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
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
Wings Etc. is a sports-themed, family-friendly restaurant and pub with over 30 years of industry-leading experience. With a diverse menu featuring Award-Winning Jumbo Wings, Premium Burgers, Wraps, Salads, Cold Beers, and…
350k Minimum Cash Required
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As of May 2, 2024: