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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 Charlotte, North Carolina | ||
| Data | Charlotte, NC | Nationwide |
|---|---|---|
| Population | 896.21 thousand | 333.2 million |
| Proj. 5 Year Population Growth | -9.0781% | 0.5% |
| Median Household Income | $125,984 | $74,580 |
| Median Age | 33.86 | 38.9 |
| Residents per Business | 1 to 18 | 10 to 1 |
| Annual Household Expenditures | $30.9 billion | $23.9 trillion |
| City Data retrieved from https://sitesusa.com/Data | ||
Franchising Landscape
Charlotte’s local expenditure data presents an enticing location for new franchises. With high consumer spending in the retail and transportation industries, entrepreneurs can look to retail franchises or automotive franchises as a great place to start in the Queen City.
Annual Retail Expenditure: $4.55 billion
Annual Food Expenditure: $1.41 billion
Annual Transportation Expenditure: $1.74 billion
Annual Shelter Expenditure: $2.08 billion
The local data from Charlotte points to one particular industry that could be an exciting opportunity for new franchisees. Charlotte has an annual shelter expenditure of over $2 billion, the median home value in the city is $463,023 and the percentage of remote workers is very high at 38.4%. All of these data points together point to home services franchises as the ideal sector to start for new entrepreneurs looking to open a business in Charlotte.
White-Collar Workforce: 68.5%
Remote Workers: 38.4%
Median Home Value: $463,023
Median Rent: $1,147
Total Businesses: 20,727
Explore the franchise listings below and take the first step towards a rewarding business venture.
Charlotte, North Carolina Franchise Opportunities (and Businesses for Sale)
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.