Cincinnati, Ohio Franchise Market Analysis
To gain comprehensive insights into Cincinnati, 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.
Cincinnati, Ohio Demographic Insights | ||
Households (2023) | 144,134 | |
Households (2028) | 144,969 | |
Population (2023) | 315,116 | |
Population (2028) | 320,499 | |
Per capita Income (2023) | $41,951 | |
Total Household Expenditures | $9,351,965,953 | |
Total Retail Expenditures | $4,375,826,084 | |
Average Household Income (2023) | $90,833 | |
Average Household Income (2028) | $98,525 | |
City Data retrieved from https://sitesusa.com/Data |
Local Insights
Cincinnati's automotive industry is ripe for expansion, supported by a household structure where 88.5% of housing units are occupied, and there is an average of 1.5 vehicles per household. With 42.3% of households having 1 vehicle available, the demand for automotive services, including maintenance and repairs, could be substantial. Moreover, the significant market potential in the Motor Vehicle and Parts Dealers industry, with potential sales of $851.01 million against actual sales of $384.71 million, demonstrates an untapped market opportunity. The 14.4% of households without a vehicle also present a niche for automotive sales and services targeting first-time car owners or those looking to replace their old vehicles.
Read MoreCincinnati's home services industry, with a median home value of $205,329 and 33.4% of homes built before 1939, suggests a large target market for maintenance and renovation services. The Furniture and Home Furnishings Stores show potential sales of $98.43 million against actual sales of $67.79 million, underlining a market demand for interior upgrades and furnishings. Franchises specializing in remodeling, landscaping, and smart home installations could find lucrative opportunities, especially as homeowners look to invest in their properties.
The food and beverage sector in Cincy also stands as a strong contender, with a substantial gap in Limited Service Restaurants, showing potential sales of $153.14 million versus actual sales of $117.52 million. With an annual consumer expenditure of $1.37 billion on food and beverages and 42.3% single-person households, there is a significant market for quick-service restaurants, meal delivery services, and unique dining experiences.
Explore the franchise listings below and take the first step towards a rewarding business venture.
Cincinnati, Ohio Franchise Opportunities (and Businesses for Sale)
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
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
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
Here at The UPS Store franchise, we know first-hand how important a healthy work-life balance is. When you become an owner of a The UPS Store, you are assisted with finding the right balance as you pursue your entrepreneurial…
75k Minimum Cash Required
Wings Etc. is a sports-themed, family-friendly restaurant and pub with over 30 years of industry-leading experience. With a diverse menu featuring Award-Winning Jumbo Wings, Premium Burgers, Wraps, Salads, Cold Beers, and…
350k Minimum Cash Required
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