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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: Bakersfield, CA 2024 | ||
| Data | Bakersfield, CA | Nationwide |
|---|---|---|
| Population | 407.72 thousand | 333.2 million |
| Proj. 5 Year Population Growth | 0.2812% | 0.5% |
| Median Household Income | $110,952 | $74,580 |
| Median Age | 31.59 | 38.9 |
| Residents per Business | 1 to 30 | 10 to 1 |
| Annual Household Expenditures | $14.09 billion | $23.9 trillion |
| City Data retrieved from https://sitesusa.com/Data | ||
Franchising Landscape
In Bakersfield, CA, the estimated average household income in 2023 is $111,406, which is significantly higher than the $66,946 recorded in the 2010 census. This substantial increase in average income suggests a growing market with spending power which could support high-end retail franchises. With this demographic's increased disposable income, luxury goods, designer clothing, and premium home goods franchises could see success.
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The housing market in Bakersfield is also indicative of a thriving real estate sector. With 58.5% of housing units owner-occupied and a median home value of $297,679, there's potential for real estate service franchises specializing in property management, real estate brokerage, and home inspection services.
The automotive industry should also be considered for franchising opportunities in Bakersfield. With 94.1% of housing units occupied and an average of 2.0 vehicles per household, and especially noting that 66.7% of owner-occupied households have vehicles, there is a clear demand for automotive services. Franchises offering vehicle maintenance, repair services, and car washes could capitalize on the 40.3% of households with 2 vehicles available, ensuring a steady stream of clientele.
Explore the franchise listings below and take the first step towards a rewarding business venture.
Bakersfield, California Franchise Opportunities (and Businesses for Sale)
| Order | Franchise Name | Industry Name | Available Capital | ||
|---|---|---|---|---|---|
| 1 |  | Automated Investments | Business Opportunities | $100,000 | |
| 2 |  | Zoomin Groomin | Pet Franchises | $90,000 | |
| 3 |  | SiteSwan Website Builder | Business Opportunities | $199 | |
| 4 |  | Health Atlast | Health & Fitness Franchises | $300,000 | |
| 5 |  | BrightStar Care | Senior Care Franchises | $100,000 | |
| 6 |  | Healthy YOU Vending | Vending Franchises | $25,000 | |
| 7 |  | Batteries Plus | Retail Franchises | $100,000 | |
| 8 |  | My Business Venture | Computer & Internet Franchises | $10,000 | |
| 9 |  | Decorating Den Interiors | Home Services & Repair Franchises | $50,000 | |
| 10 |  | The Tutoring Center | Education Franchises | $80,000 |
Is Bakersfield Be the Right Place to Launch Your Franchise?
- What's the business landscape like in Bakersfield?
- Is there a reliable workforce for my franchise?
- Are operational costs affordable in Bakersfield?
- How financially stable is the community?
- What makes Bakersfield a great fit for franchise owners?
Question:What's the business landscape like in Bakersfield?
Answer:Bakersfield is home to 130,701 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 121,631 employed individuals, providing a steady and loyal workforce for franchise owners.
Question:Are operational costs affordable in Bakersfield?
Answer:Absolutely. With a median rent of $1,052, franchise owners in Bakersfield 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 Bakersfield is $110,952, supporting a stable and engaged customer base.
Question:What makes Bakersfield a great fit for franchise owners?
Answer:With 133,441 housing units and a strong sense of community, Bakersfield 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.