Tucson, Arizona Franchise Market Analysis
To gain comprehensive insights into Tucson, Arizona, 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.
Tucson, Arizona Demographic Insights | ||
Households (2023) | 222,107 | |
Households (2028) | 232,732 | |
Population (2023) | 542,249 | |
Population (2028) | 567,570 | |
Per capita Income (2023) | $34,730 | |
Total Household Expenditures | $13,659,049,664 | |
Total Retail Expenditures | $6,438,746,445 | |
Average Household Income (2023) | $83,481 | |
Average Household Income (2028) | $85,416 | |
City Data retrieved from https://sitesusa.com/Data |
Local Insights
The automotive industry in Tucson, AZ shows promise for franchises. A large number of households own vehicles, with 86,455 households having one vehicle and 76,173 having two. This existing market for vehicles suggests a strong base for automotive services. The potential sales for Used Car Dealers in Tucson indicate a market opportunity, with potential sales of $99.52 million surpassing actual sales of $88.64 million. This suggests an opening for a franchise specializing in pre-owned vehicles, leveraging Tucson's considerable vehicle ownership to cater to the community's automotive needs.
Read MoreHealth and fitness franchises have much to gain from Tucson’s demographics and trends. The city’s population is projected to increase to 567,570 by 2028, and there are 270,141 workers aged 16 and over, with 16.8% working from home. This suggests an opportunity for home fitness solutions and fitness centers that offer flexible schedules to accommodate the modern, dynamic lifestyle of Tucson’s residents.
The food industry in Tucson offers a particularly lucrative opportunity. With the city’s residents spending a massive $2.02 billion annually on food and beverages, and a significant trend towards fast-casual dining and healthy options, food franchises that provide convenience and nutritious meals can capitalize on this market. Considering that 67.5% of the population commutes by driving alone, there's a clear demand for quick-service options that cater to the busy lifestyles of Tucson citizens.
Explore the franchise listings below and take the first step towards a rewarding business venture.
Tucson, Arizona Franchise Opportunities (and Businesses for Sale)
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
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
ATAX Tax Service is your premier destination for comprehensive and reliable tax assistance.
40k 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
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
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
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As of May 8, 2024: