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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: Albuquerque, NM 2024 | ||
| Data | Albuquerque, NM | Nationwide |
|---|---|---|
| Population | 561.75 thousand | 333.2 million |
| Proj. 5 Year Population Growth | 1.9004% | 0.5% |
| Median Household Income | $94,711 | $74,580 |
| Median Age | 38.26 | 38.9 |
| Residents per Business | 1 to 17 | 10 to 1 |
| Annual Household Expenditures | $22.54 billion | $23.9 trillion |
| City Data retrieved from https://sitesusa.com/Data | ||
Franchising Landscape
The automotive industry appears to be an enticing option in Albuquerque, New Mexico. With an estimated 418,754 total vehicles available and households having an average of 1.7 vehicles, there is a clear demand for automotive services.
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Home services franchises could also thrive in Albuquerque. The data shows a significant portion of homes built from 1970 to 1979 (17.1%), indicating potential demand for renovations, modernization, and maintenance services. With an owner-occupied median home value of $254,869 and a substantial 61.2% of housing units being owner-occupied, homeowners are likely to invest in maintaining and improving their property values. Services ranging from landscaping to remodeling could be well-received.
Lastly, the retail franchise industry should not be overlooked. The total retail expenditure in 2023 in Albuquerque was $7.95 billion, with food and beverages alone accounting for $2.48 billion. This suggests that food franchises, particularly those offering unique dining experiences or specialized cuisines, could find a welcoming market. Additionally, with monthly household expenditures on food and beverages at $859, there is evidence of discretionary spending that could benefit food retailers.
Explore the franchise listings below and take the first step towards a rewarding business venture.
Albuquerque, New Mexico Franchise Opportunities (and Businesses for Sale)
| Order | Franchise Name | Industry Name | Available Capital | ||
|---|---|---|---|---|---|
| 1 |  | Proper Ecom Academy | Business Opportunities | $50,000 | |
| 2 |  | Healthy YOU Vending | Vending Franchises | $25,000 | |
| 3 |  | Wealth Automators | Computer & Internet Franchises | $60,000 | |
| 4 |  | PostalAnnex+ | Printing Packing & Shipping | $70,000 | |
| 5 |  | Automated Investments | Business Opportunities | $100,000 | |
| 6 |  | Batteries Plus | Retail Franchises | $100,000 | |
| 7 |  | E-Commerce Future USA | Business Opportunities | $30,000 | |
| 8 |  | Zoomin Groomin | Pet Franchises | $90,000 | |
| 9 |  | Fleet Services International | Auto Franchises | $100,000 | |
| 10 |  | NTV360 | Advertising Franchises | $30,000 |
Is Albuquerque the Right Place to Launch Your Franchise?
- What's the business landscape like in Albuquerque?
- Is there a reliable workforce for my franchise?
- Are operational costs affordable in Albuquerque?
- How financially stable is the community?
- What makes Albuquerque a great fit for franchise owners?
Question:What's the business landscape like in Albuquerque?
Answer:Albuquerque is home to 245,530 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 269,821 employed individuals, providing a steady and loyal workforce for franchise owners.
Question:Are operational costs affordable in Albuquerque?
Answer:Absolutely. With a median rent of $896, franchise owners in Albuquerque 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 Albuquerque is $94,711, supporting a stable and engaged customer base.
Question:What makes Albuquerque a great fit for franchise owners?
Answer:With 254,239 housing units and a strong sense of community, Albuquerque 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.