Mobile, Alabama Franchise Market Analysis
To gain comprehensive insights into Mobile, Alabama, 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.
Mobile, Alabama Demographic Insights | ||
Households (2023) | 78,195 | |
Households (2028) | 75,702 | |
Population (2023) | 186,963 | |
Population (2028) | 180,917 | |
Per capita Income (2023) | $34,942 | |
Total Household Expenditures | $4,780,252,710 | |
Total Retail Expenditures | $2,248,817,824 | |
Average Household Income (2023) | $82,924 | |
Average Household Income (2028) | $92,513 | |
City Data retrieved from https://sitesusa.com/Data |
Local Insights
Mobile’s reliance on personal vehicles is evident, with 78.8% of residents driving to work alone and an average of 1.7 vehicles per household. With 38.6% of households having only one vehicle available, this underscores the demand for automotive franchises offering maintenance, repair, and quick service options, ensuring that residents who depend heavily on their sole vehicle have minimal disruption in their daily routine.
Read MoreThe market for home service franchises in Mobile is particularly robust, underscored by the aging housing stock, where the median home age stands at 48.8 years, suggesting many homes may be due for updates and refurbishments. This is coupled with an owner-occupied median home value of $162,298, indicating a homeowner investment in maintaining and improving property value. There is a distinct opportunity for businesses specializing in home renovations, repairs, and improvements to cater to homeowners with varying budget constraints. Moreover, the demand for these services is highlighted by the potential sales in Home Furnishing Stores, which are at $13.84 million, exceeding the actual sales of $8.97 million. This gap illustrates the market’s capacity for growth in services that can innovate in offering cost-effective, quality home improvement solutions that enhance living spaces and potentially increase property values in Mobile.
Mobile’s economic landscape also provides fertile ground for business services franchises, especially considering the city's total business count of 10,572 and total employee count of 121,886. With a significant portion of Mobile's workforce employed by company headquarters – 18.3% of employees work at just 3.8% of total businesses – there is an inherent need for professional support services. These could range from marketing, logistics, IT support, to janitorial and maintenance services. The data suggests ample opportunity for a business services franchise that can offer efficiency and cost-effectiveness, especially given the historical annual change in average household income, which has risen by 3.6%, indicating growing economic strength and potential for B2B services.
Explore the franchise listings below and take the first step towards a rewarding business venture.
Mobile, Alabama 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
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
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
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
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
At Franchise Gator, we prioritize transparency and objectivity to empower your franchise decisions. Unlike brokers or franchisors, our motivations are unclouded by financial incentives tied to your choices. We don't earn based on the franchise you opt for, instead, our mission is to present you with impartial insights. Navigate through a realm of franchising opportunities with information you can trust.
Most Popular Industries & Categories
As of May 4, 2024: