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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 Chandler, Arizona | ||
| Data | Chandler, AZ | Nationwide |
|---|---|---|
| Population | 279.89 thousand | 333.2 million |
| Proj. 5 Year Population Growth | -5.8752% | 0.5% |
| Median Household Income | $153,415 | $74,580 |
| Median Age | 36.15 | 38.9 |
| Residents per Business | 1 to 23 | 10 to 1 |
| Annual Household Expenditures | $10.06 billion | $23.9 trillion |
| City Data retrieved from https://sitesusa.com/Data | ||
Franchising Landscape
The real estate industry stands out as a prime opportunity. Chandler is experiencing a projected annual population growth rate of 1.2% between 2023 and 2028, with estimated household growth rates following closely at 1.3%. This growth, combined with an owner-occupied median home value of $396,408, indicates a thriving housing market. With 66.3% of housing units as detached units and a significant portion of homes built from 2000 onwards, franchises that provide home services such as renovations, landscaping, and maintenance could tap into the growing need for home improvement and upkeep.
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The food industry is a promising sector for franchising. Chandler's food and beverage consumer expenditure is estimated at $1.46 billion annually, which is a substantial segment of total household expenditure. This suggests a strong market for food-related franchises. With a significant portion of the population working from home (26.5%), there is potential for franchises offering delivery and catering services, as well as health-conscious and specialty food options that cater to the needs of home-based professionals and their families.
Lastly, the education sector presents potential, with an annual expenditure of $344.31 million in Chandler. Given the projected population growth, franchises that offer educational services, tutoring, and enrichment programs could fill an essential demand for quality educational support.
Explore the franchise listings below and take the first step towards a rewarding business venture.
Chandler, Arizona Franchise Opportunities (and Businesses for Sale)
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