Charlotte, North Carolina Franchise Market Analysis
To gain comprehensive insights into Charlotte, 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.
Charlotte, North Carolina Demographic Insights | ||
Households (2023) | 371,338 | |
Households (2028) | 406,715 | |
Population (2023) | 896,209 | |
Population (2028) | 981,436 | |
Per capita Income (2023) | $52,329 | |
Total Household Expenditures | $30,895,830,333 | |
Total Retail Expenditures | $14,468,962,367 | |
Average Household Income (2023) | $125,984 | |
Average Household Income (2028) | $123,977 | |
City Data retrieved from https://sitesusa.com/Data |
Local Insights
Healthcare and senior care are standout choices for franchise opportunities in Charlotte. The estimated average household income in 2023 stands at $125,984, and the average household net worth is a robust $606,656, indicating a population with significant spending power which could support higher-end healthcare options. Additionally, the gap report shows potential in the health and personal care sector, with a potential of $513.5 million against actual sales of $394.95 million. The existing gap, particularly in pharmacies and drug stores which have a potential of $429.99 million versus sales of $352.66 million, indicates a substantial opportunity for healthcare franchises to meet this unmet demand.
Read MoreThe home services industry is another strong contender for franchising in Charlotte. With a median home value of $334,080, coupled with 54.8% of housing units being detached, there is a clear opening for franchises specializing in home improvements and maintenance services. The building materials and garden equipment sector, with a potential of $786.79 million compared to actual sales of $774.99 million, further supports the need for such services.
Food franchises would likely find fertile ground in Charlotte, with the city’s sizable annual expenditure on food and beverages of $4.49 billion. This spending is supported by a gap report indicating a $2.07 billion potential in the food and beverage stores sector against $1.31 billion in sales. Such data reflects the city's willingness to spend on dining experiences, signaling a promising market for new and innovative food franchise concepts.
Education-related franchises should also not be overlooked. With an annual expenditure of $1.04 billion on education, Charlotte residents clearly value learning and self-improvement. This is an industry ripe for development, with tutoring and educational services poised to capitalize on the diverse needs of the city’s student population.
Explore the franchise listings below and take the first step towards a rewarding business venture.
Charlotte, North Carolina Franchise Opportunities (and Businesses for Sale)
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
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
A Mediterranean Restaurant Franchise That Celebrates Greek Food and Culture.
100k 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
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
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
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As of May 9, 2024: