Franchises for Sale in Richmond, Virginia
Richmond, Virginia Franchise Opportunities (and Businesses for Sale)
| Order | Franchise Name | Industry Name | Available Capital | ||
|---|---|---|---|---|---|
| 1 |  | The UPS Store | Printing Packing & Shipping | $75,000 | |
| 2 |  | Batteries Plus | Retail Franchises | $100,000 | |
| 3 |  | FranServe - Become a Franchise Consultant! | Business Services Franchises | $50,000 | |
| 4 |  | PostalAnnex+ | Printing Packing & Shipping | $70,000 | |
| 5 |  | Automated Investments | Business Opportunities | $100,000 | |
| 6 |  | Zoomin Groomin | Pet | $90,000 | |
| 7 |  | Invest in Real Estate | Business Services Franchises | $50,000 | |
| 8 |  | Sam The Concrete Man | Home Services | $20,000 | |
| 9 |  | Insulation Commandos | Home Services | $100,000 | |
| 10 |  | Apricot Lane | Retail Franchises | $80,000 |
To gain comprehensive insights into Richmond, Virginia, 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.
| Richmond, Virginia Demographic Insights | ||
| Households (2023) | 108,026 | |
| Households (2028) | 110,624 | |
| Population (2023) | 230,595 | |
| Population (2028) | 244,153 | |
| Per capita Income (2023) | $45,795 | |
| Total Household Expenditures | $7,320,834,519 | |
| Total Retail Expenditures | $3,418,757,156 | |
| Average Household Income (2023) | $96,910 | |
| Average Household Income (2028) | $102,423 | |
| City Data retrieved from https://sitesusa.com/Data | ||
Local Insights
Richmond’s data show that a franchise in the automotive industry could be quite promising. The gap report reveals a significant potential in the motor vehicle and parts dealers sector, with potential sales of $666.13 million compared to actual sales of $367.72 million. The household vehicle data further supports this potential, with 42.6% of households having one vehicle and 29.5% with two vehicles. This translates to a substantial market for automotive franchises that offer a spectrum of services, particularly for households that may rely on a single vehicle and thus prioritize its maintenance and uptime.
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With a robust annual consumer expenditure on food and beverages surpassing $1 billion, the food industry in Richmond has a substantial customer base. Limited service restaurants show promise with $120.27 million in potential sales against $118.14 million in actual sales. This could signal an opportunity for quick-service food franchises, particularly those that offer delivery and catering, tapping into the 28.1% of the workforce who work from home and could be looking for convenient dining options.
In Richmond, the landscape for business services franchises is likely to be driven by the city’s thriving corporate environment. With a total of 12,688 businesses and a substantial employee base of 127,508 individuals, the need for business support services—from printing and marketing to consulting and logistics—is implicit. A franchise that offers innovative solutions to streamline operations, reduce costs, or enhance productivity could find a receptive market, especially among the 3.6% of businesses that are company headquarters with demanding corporate service needs.
Explore the franchise listings below and take the first step towards a rewarding business venture.
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As of December 13, 2024: