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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 Bellingham, Washington | ||
| Data | Bellingham, WA | Nationwide |
|---|---|---|
| Population | 91.57 thousand | 333.2 million |
| Proj. 5 Year Population Growth | -5.6219% | 0.5% |
| Median Household Income | $109,102 | $74,580 |
| Median Age | 32.09 | 38.9 |
| Residents per Business | 1 to 16 | 10 to 1 |
| Annual Household Expenditures | $2.86 billion | $23.9 trillion |
| City Data retrieved from https://sitesusa.com/Data | ||
Franchising Landscape
The home services industry stands out as a prime opportunity for franchising in Bellingham, WA. The notable median home value of $529,751 and a high percentage of homes that are owner-occupied (57.1%) suggest a market with homeowners who could invest in maintaining and enhancing their properties. The average household income in the city is $109,102, and the estimated average household net worth is $796,178, indicating that there is likely disposable income available for home improvements. The housing stock's median age is 43.9 years, pointing towards potential needs for renovations, repairs, and maintenance services that a home services franchise could fulfill.
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In the realm of business services, Bellingham presents a promising landscape as well. With a total of 5,877 businesses and a healthy employee population per business ratio of 8.1 to 1, there is a clear demand for services that support business operations. A business services franchise could cater to the needs of these companies, offering marketing, printing, consulting, or logistical support.
Home-based franchises are another area of opportunity in Bellingham, particularly as 18.8% of the workforce operates from home. This segment could be looking for business opportunities that offer flexibility and low overhead costs. Given the trend towards telecommuting, residents may be attracted to franchises that allow them to work from home, such as virtual consulting, online education, or digital marketing services.
Explore the franchise listings below and take the first step towards a rewarding business venture.
Bellingham, Washington Franchise Opportunities (and Businesses for Sale)
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