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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: Bridgeport, CT 2024 | ||
| Data | Bridgeport, CT | Nationwide |
|---|---|---|
| Population | 153.01 thousand | 333.2 million |
| Proj. 5 Year Population Growth | -1.9712% | 0.5% |
| Median Household Income | $78,304 | $74,580 |
| Median Age | 35.48 | 38.9 |
| Residents per Business | 1 to 18 | 10 to 1 |
| Annual Household Expenditures | $5.02 billion | $23.9 trillion |
| City Data retrieved from https://sitesusa.com/Data | ||
Franchising Landscape
Analyzing the data for Bridgeport, CT, there are several key indicators that suggest viable franchise industries. The estimated average household income in 2023 stands at $83,942 and is projected to rise to $94,691 by 2028, which signifies growing consumer spending power.
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Given a significant portion of the population in Bridgeport comprises 1 and 2 person households (32.0% and 27.6%, respectively), there is an opportunity for food franchises, especially those offering convenience. A significant expenditure on food and beverages in Bridgeport annually, accounting for $493.29 million, further supports the potential success of food franchises. Fast-casual restaurants, coffee shops, or specialty food services that cater to busy lifestyles, indicated by the average travel time to work of 22.2 minutes, could do well in this environment.
The health care expenditure of $278.97 million also suggests a considerable focus on health and wellness within the community. This financial commitment to health could be leveraged by health and fitness franchises offering gym memberships, wellness programs, or health food stores.
Home services franchises appear to be another promising venture in Bridgeport, with a median home value of $285,267 and high owner occupancy rates. The data suggests potential for franchises specializing in home improvements, maintenance, and repair services. Considering the median age of homes is 64.3 years, there may be a significant demand for renovation and preservation services.
Explore the franchise listings below and take the first step towards a rewarding business venture.
Bridgeport, Connecticut Franchise Opportunities (and Businesses for Sale)
| Order | Franchise Name | Industry Name | Available Capital | ||
|---|---|---|---|---|---|
| 1 |  | Batteries Plus | Retail Franchises | $100,000 | |
| 2 |  | Building Kidz School | Child Related Franchises | $200,000 | |
| 3 |  | Proper Ecom Academy | Business Opportunities | $50,000 | |
| 4 |  | Automated Investments | Business Opportunities | $100,000 | |
| 5 |  | Tiger Adjusters | Home Services & Repair Franchises | $50,000 | |
| 6 |  | PostalAnnex+ | Printing Packing & Shipping | $70,000 | |
| 7 |  | Wealth Automators | Computer & Internet Franchises | $60,000 | |
| 8 |  | American Business Systems, LLC | Financial Franchises | $30,000 | |
| 9 |  | Zoomin Groomin | Pet Franchises | $90,000 | |
| 10 |  | Fleet Services International | Auto Franchises | $100,000 |
Is Bridgeport the Right Place to Launch Your Franchise?
- What's the business landscape like in Bridgeport?
- Is there a reliable workforce for my franchise?
- Are operational costs affordable in Bridgeport?
- How financially stable is the community?
- What makes Bridgeport a great fit for franchise owners?
Question:What's the business landscape like in Bridgeport?
Answer:Bridgeport is home to 57,656 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 50,493 employed individuals, providing a steady and loyal workforce for franchise owners.
Question:Are operational costs affordable in Bridgeport?
Answer:Absolutely. With a median rent of $1,165, franchise owners in Bridgeport 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 Bridgeport is $78,304, supporting a stable and engaged customer base.
Question:What makes Bridgeport a great fit for franchise owners?
Answer:With 58,874 housing units and a strong sense of community, Bridgeport 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.