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The table below offers a collection of data aimed at giving potential franchisees a glimpse into their market landscape. Click Read More to delve deeper, uncovering additional information to assist you in making a well-informed decision. These insights are tailored to highlight the opportunities in your city as you consider a franchise purchase.
| Key Data Points: Akron, OH 2024 | ||
| Data | Akron, OH | Nationwide |
|---|---|---|
| Population | 193.29 thousand | 333.2 million |
| Proj. 5 Year Population Growth | 1.1468% | 0.5% |
| Median Household Income | $70,699 | $74,580 |
| Median Age | 35.61 | 38.9 |
| Residents per Business | 1 to 28 | 10 to 1 |
| Annual Household Expenditures | $6.53 billion | $23.9 trillion |
| City Data retrieved from https://sitesusa.com/Data | ||
Franchising Landscape
The health and fitness industry could be a strong contender for franchising in Akron. With an annual expenditure of $396.73 million on health care, Akron residents show a commitment to health-related spending. This industry could tap into the recent trend of wellness and personal health.
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Home services franchises could also find Akron fertile ground, as 72.9% of housing units are single detached units and the owner-occupied median home value stands at $137,549. This indicates a homeowner market with the potential for services such as landscaping, cleaning, and renovations. Furthermore, the city’s historical growth in average household income at 3.2% from 2000 to 2023 suggests growing consumer spending power that could be channeled into home improvement.
Lastly, the automotive industry should not be overlooked. With only 11.4% of households not having access to a vehicle in Akron, there is an opening for automotive service franchises. The existing households with vehicles (88.6%) will require maintenance and repair services, and franchises offering affordable and reliable services could perform well. The transportation expenditure stands at $834.57 million annually, emphasizing the importance of vehicles in residents' lives.
Explore the franchise listings below and take the first step towards a rewarding business venture.
Akron, Ohio Franchise Opportunities (and Businesses for Sale)
| Order | Franchise Name | Industry Name | Available Capital | ||
|---|---|---|---|---|---|
| 1 |  | Proper Ecom | Business Opportunities | $50,000 | |
| 2 |  | Healthy YOU Vending | Vending Franchises | $25,000 | |
| 3 |  | Zoomin Groomin | Pet Franchises | $90,000 | |
| 4 |  | Automated Investments | Business Opportunities | $100,000 | |
| 5 |  | Village Idiot Pizza | Food Franchises | $250,000 | |
| 6 |  | Batteries Plus | Retail Franchises | $100,000 | |
| 7 |  | Modern Day Cannabis | Health & Fitness Franchises | $150,000 | |
| 8 |  | Minuteman Press International | Printing, Copying, Shipping, Signs Franchises | $50,000 | |
| 9 |  | My Business Venture | Computer & Internet Franchises | $10,000 | |
| 10 |  | Glass Doctor | Auto Franchises | $50,000 |
Is Akron Be the Right Place to Launch Your Franchise?
- What's the business landscape like in Akron?
- Is there a reliable workforce for my franchise?
- Are operational costs affordable in Akron?
- How financially stable is the community?
- What makes Akron a great fit for franchise owners?
Question:What's the business landscape like in Akron?
Answer:Akron is home to 85,473 businesses, meaning franchise owners can enter a market with less direct competition and a more localized customer base.
Question:Is there a reliable workforce for my franchise?
Answer:Yes! The city has 88,379 employed individuals, providing a steady and loyal workforce for franchise owners.
Question:Are operational costs affordable in Akron?
Answer:Absolutely. With a median rent of $724, franchise owners in Akron can benefit from lower real estate costs, making it easier to secure commercial space.
Question:How financially stable is the community?
Answer:The average household income in Akron is $70,699, supporting a stable and engaged customer base.
Question:What makes Akron a great fit for franchise owners?
Answer:With 92,292 housing units and a strong sense of community, Akron provides a stable market where franchises can establish long-term success.
At Franchise Ventures, we prioritize transparency and objectivity to empower your franchise decisions. Unlike brokers or franchisors, our motivations are unclouded by financial incentives tied to your choices. We don't earn based on the franchise you opt for, instead, our mission is to present you with impartial insights. Navigate through a realm of franchising opportunities with information you can trust.