Franchises for Sale in Toledo, Ohio
To gain comprehensive insights into Toledo, Ohio, 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.
Toledo, Ohio Demographic Insights | ||
Households (2023) | 116,374 | |
Households (2028) | 112,845 | |
Population (2023) | 268,567 | |
Population (2028) | 258,829 | |
Per capita Income (2023) | $29,928 | |
Total Household Expenditures | $6,229,935,459 | |
Total Retail Expenditures | $2,937,933,782 | |
Average Household Income (2023) | $68,416 | |
Average Household Income (2028) | $76,343 | |
City Data retrieved from https://sitesusa.com/Data |
Local Insights
The food and beverage stores sector in Toledo presents a substantial opportunity for new franchises. With potential sales of $447.08 million compared to actual sales of $209.51 million, there's a notable gap indicating a strong demand for more grocery stores and specialty food markets. Grocery stores alone show a potential of $399.45 million versus actual sales of $176.08 million. New food franchises in this sector, including organic food stores, specialty groceries, and ethnic markets, can tap into this underserved market, meeting the community’s needs and driving significant business growth.
Read MoreToledo's deep-rooted automotive industry provides a strong foundation for automotive franchises. The city's tradition in automotive manufacturing and repair ensures a skilled workforce and a continuous demand for car-related services. In 2024, the city averages 1.5 vehicles per household, which underscores the need for maintenance and repair services. Additionally, the high number of owner-occupied households (50.9%) suggests a stable customer base for automotive franchises, such as repair shops, detailing services, and auto parts retailers.
Toledo’s real estate market and high homeownership rates highlight the need for reliable home services. The city has a substantial number of owner-occupied housing units (60,584), and the average household income is expected to rise to $68,952 by 2024. This provides a solid customer base for home service franchises, including home improvement, maintenance, and repair services. New franchises in plumbing, electrical work, landscaping, and other home services can expect a steady demand, driven by homeowners' continuous need for property upkeep and enhancement.
Explore the franchise listings below and take the first step towards a rewarding business venture.
Toledo, Ohio Franchise Opportunities (and Businesses for Sale)
With our superior training, world class support, unbeatable marketing program, and low start-up costs, it's no wonder why we're one of Entrepreneur Magazine's top 500 franchises! The mission of Right at Home is…
150k Minimum Cash Required
N-Compass TV has created a network of community-based entrepreneurs who have a business in Indoor Digital Billboards. Screens are placed inside popular places of business in a protected territory. Advertising is then sold to…
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
Ledgers offers tax, payroll, compliance, and business advisory services to owners of small businesses and individuals desiring a full-service provider through its franchised locations.
50k Minimum Cash Required
One of the fastest growing companies in the Exterior Remodeling Industry.
75k Minimum Cash Required
ATAX Tax Service is your premier destination for comprehensive and reliable tax assistance.
40k Minimum Cash Required
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