Franchises for Sale in Winston-Salem, North Carolina
To gain comprehensive insights into Winston-Salem, North Carolina, 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.
| Winston-Salem, North Carolina Demographic Insights | ||
| Households (2023) | 103,508 | |
| Households (2028) | 106,468 | |
| Population (2023) | 252,974 | |
| Population (2028) | 260,970 | |
| Per capita Income (2023) | $37,874 | |
| Total Household Expenditures | $6,783,648,304 | |
| Total Retail Expenditures | $3,187,642,719 | |
| Average Household Income (2023) | $91,916 | |
| Average Household Income (2028) | $96,190 | |
| City Data retrieved from https://sitesusa.com/Data | ||
Local Insights
The automotive industry in Winston-Salem offers a promising opportunity for potential franchisees. With an estimated population of 257,902 in 2024, projected to grow to 266,765 by 2029, the city's expanding population creates a steady demand for automotive services. Data shows that Winston-Salem has a high rate of vehicle ownership, with 91.1% of households having at least one vehicle. This high vehicle ownership rate, combined with the projected annual population growth of 0.7%, indicates a robust market for automotive franchises offering maintenance, repair, and car wash services. Prospective franchisees can capitalize on this growing market by providing reliable and convenient automotive services to meet the needs of Winston-Salem's vehicle owners.
Read MoreWinston-Salem has an estimated 107,134 households in 2024, projected to increase to 110,826 by 2029. Home services franchises, including plumbing, electrical work, landscaping, and cleaning services, can thrive in this market by offering essential maintenance and improvement services. The retail gap report indicates significant potential in hardware stores, with a potential of $7.78 million against actual sales of $939.03 thousand.
The business services industry in Winston-Salem offers considerable opportunities for franchisees, driven by the city's growing economy and diverse business landscape. With over 10,891 total businesses and 112,325 employees as of 2024, the demand for professional business services is substantial. Services such as marketing, consulting, IT support, and human resources are essential for businesses to thrive in a competitive market. Winston-Salem's average household income of $90,843 in 2024 also indicates a strong economic base, supporting the growth of local enterprises. This growing market provides an excellent opportunity for franchisees to establish successful business services ventures in Winston-Salem.
Explore the franchise listings below and take the first step towards a rewarding business venture.
Winston-Salem, North Carolina Franchise Opportunities (and Businesses for Sale)
ATAX Tax Service is your premier destination for comprehensive and reliable tax assistance.
40k Minimum Cash Required
We will build, manage, & scale a 100% done-for-you Amazon FBA E-Commerce business. Giving you truly hands-free passive income. Our company utilizes partnerships with established brands, & exclusive pricing with our vetted…
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…
19,750 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
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 2,500 you want to feature on your website! MBV’s 10% Price Guarantee on…
10k Minimum Cash Required
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As of October 16, 2024: