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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 Aurora, Colorado | ||
| Data | Aurora, CO | Nationwide |
|---|---|---|
| Population | 393.53 thousand | 333.2 million |
| Proj. 5 Year Population Growth | -2.2999% | 0.5% |
| Median Household Income | $114,193 | $74,580 |
| Median Age | 34.85 | 38.9 |
| Residents per Business | 1 to 27 | 10 to 1 |
| Annual Household Expenditures | $11.38 billion | $23.9 trillion |
| City Data retrieved from https://sitesusa.com/Data | ||
Franchising Landscape
Analyzing the data for Aurora, CO, the automotive franchise industry stands out as a potentially lucrative sector. With an estimated 277,097 total vehicles available and an average of 1.9 vehicles per household in 2023, there is a significant market for automotive services. Additionally, considering the high percentage of households with two or more vehicles (38.6% with two vehicles and 22.4% with three or more), services such as maintenance, repairs, and car washes would likely be in constant demand.
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The health and fitness industry also presents a compelling opportunity for franchising. With total annual consumer expenditures on health care amounting to $936.33 million in 2023, there's clear evidence of Aurora residents investing in their well-being. The estimated average household net worth in 2023 is $956,226, implying that residents have disposable income that could be directed towards personal health and wellness services.
Lastly, the food franchise industry is worth considering. Aurora has a total annual consumer expenditure on food and beverages of $1.66 billion. Given the 95.4% housing units occupied, with a significant portion of them being family households (ranging from two-person households at 31.5% to seven or more person households at 2.2%), there is a consistent demand for dining options. Food franchises that cater to families and offer convenience, such as fast-casual dining, takeout, and delivery services, could thrive in this environment.
Explore the franchise listings below and take the first step towards a rewarding business venture.
Aurora, Colorado Franchise Opportunities (and Businesses for Sale)
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