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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 Bloomington, Indiana | ||
| Data | Bloomington, IN | Nationwide |
|---|---|---|
| Population | 79.13 thousand | 333.2 million |
| Proj. 5 Year Population Growth | -0.5872% | 0.5% |
| Median Household Income | $77,293 | $74,580 |
| Median Age | 23.85 | 38.9 |
| Residents per Business | 1 to 22 | 10 to 1 |
| Annual Household Expenditures | $1.92 billion | $23.9 trillion |
| City Data retrieved from https://sitesusa.com/Data | ||
Franchising Landscape
The health and fitness industry appears to be a strong candidate for franchising opportunities in Bloomington, Indiana. With an estimated average household net worth of $350,617 in 2023 and the average household income projected to increase from $77,293 in 2023 to $82,816 by 2028, there is potential spending power to support discretionary expenses such as gym memberships and wellness services. The health care consumer expenditure sits at $160.06 million, indicating a community that values health and well-being. A franchise in the health and fitness sector, such as a gym or a specialized fitness studio, could capitalize on Bloomington's economic profile.
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Home services franchises could find a receptive market in Bloomington, given the homeowner statistics. With 46.2% of housing units owner-occupied and a median home value of $244,674, there is an indication of a stable and invested homeowner base that may require home improvement, maintenance, and repair services.
Lastly, the education industry could also be a lucrative area for franchising. There is an annual expenditure of $61.2 million on education in Bloomington. Franchises that offer tutoring services, educational materials, or child development programs could tap into this market.
Explore the franchise listings below and take the first step towards a rewarding business venture.
Bloomington, Indiana Franchise Opportunities (and Businesses for Sale)
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