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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 for Anaheim, California | ||
| Data | Anaheim, CA | Nationwide |
|---|---|---|
| Population | 341.53 thousand | 333.2 million |
| Proj. 5 Year Population Growth | 0.916% | 0.5% |
| Median Household Income | $128,321 | $74,580 |
| Median Age | 36.02 | 38.9 |
| Residents per Business | 1 to 23 | 10 to 1 |
| Annual Household Expenditures | $8.85 billion | $23.9 trillion |
| City Data retrieved from https://sitesusa.com/Data | ||
Franchising Landscape
With an estimated average household income of $128,321 in 2023, projected to increase to $143,590 by 2028, Anaheim presents significant opportunities for franchises. The automotive industry is one such prospect. Households with three or more vehicles available constitute 29.4% of the total, indicating a strong culture of vehicle ownership and potential demand for automotive services. This demand could encompass everything from routine maintenance and repair services to car washes and detailing. Franchises that offer quality service and convenience could be especially attractive to Anaheim’s households, which, on average, have 2.1 vehicles.
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Home services franchises also appear to be a promising sector. The city's housing data shows a substantial homeowner segment, with 53.5% of housing units owner-occupied. The median home value of over $700,000 indicates a homeowner demographic with the means and likely the desire to invest in home maintenance and improvement services. Franchises that offer innovative home services, whether in landscaping, cleaning, or renovations, could find a ready market in Anaheim. Furthermore, with a significant portion of homes built from 1970 to 1979 (21.3%), there's an inherent need for upkeep and modernization, which supports the potential success of home service franchises.
Lastly, education-related franchises should consider Anaheim as a fertile ground for growth. The city’s commitment to education is evident in its annual consumer expenditure of $305.71 million in this sector. With a diverse population of over 340,000 and a sizable portion of households with children (16.5% three-person households, 14.8% four-person households), there is likely a demand for supplemental education and tutoring services. Education franchises that offer innovative learning solutions, STEM programs, or test preparation services could meet the needs of a community evidently invested in educational advancement.
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Anaheim, California Franchise Opportunities (and Businesses for Sale)
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