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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 Cleveland, Ohio | ||
| Data | Cleveland, OH | Nationwide |
|---|---|---|
| Population | 362.99 thousand | 333.2 million |
| Proj. 5 Year Population Growth | 1.0384% | 0.5% |
| Median Household Income | $61,026 | $74,580 |
| Median Age | 35.39 | 38.9 |
| Residents per Business | 1 to 23 | 10 to 1 |
| Annual Household Expenditures | $8.5 billion | $23.9 trillion |
| City Data retrieved from https://sitesusa.com/Data | ||
Franchising Landscape
Cleveland's robust consumer spending is a beacon for prospective franchisees looking to establish a presence in a dynamic market. With annual expenditures on food and beverages peaking at $805.26 million, the city offers enticing business opportunities in the dining and specialty food sectors. This substantial spending is indicative of a community with a palate for diverse gastronomic experiences, making it a prime location for food franchises.
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The healthcare sector in Cleveland is not far behind, with consumer investment reaching $455.6 million annually. This substantial figure points to a community invested in wellness, creating a substantial market for healthcare franchises that could include fitness centers, wellness spas, or specialty health food stores. Franchises that can tap into this health-conscious ethos stand to build a loyal customer base.
Transportation is a staple of Cleveland's daily life with a significant majority, 64.8% of workers within a 5 mile radius of the city's center, opting for private vehicles to commute. This reliance on automobiles showcases the potential for automotive franchises that cater to maintenance and repair needs. Such franchises can become essential service providers in a city where efficient transportation is valued.
Cleveland's business landscape, comprising over 11,736 businesses, underscores the demand for business service franchises. Franchises offering professional training, office support, and supplies can capitalize on a strong B2B market. These franchises can become integral partners to the local business community, fostering a network of mutual growth.
Explore the franchise listings below and take the first step towards a rewarding business venture.
Cleveland, Ohio 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.