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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 Clinton, North Carolina | ||
| Data | Clinton, NC | Nationwide |
|---|---|---|
| Population | 8.21 thousand | 333.2 million |
| Proj. 5 Year Population Growth | 3.6612% | 0.5% |
| Median Household Income | $73,625 | $74,580 |
| Median Age | 42.99 | 38.9 |
| Residents per Business | 1 to 11 | 10 to 1 |
| Annual Household Expenditures | $188.36 million | $23.9 trillion |
| City Data retrieved from https://sitesusa.com/Data | ||
Franchising Landscape
For Clinton, NC, the automotive franchise industry appears to be a promising sector. With a total of 6,248 vehicles available and households having an average of 1.9 vehicles each, there's a clear indication of reliance on personal transportation. Given that 38.4% of households have one vehicle available, while 29.9% have two vehicles, and 25% have three or more, services such as repair, maintenance, and car wash franchises could serve the needs of vehicle owners.
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In the realm of home services, Clinton's housing data presents opportunities for franchises specializing in improvements and maintenance. With the median age of homes standing at 48.6 years, there's a likely need for renovation and maintenance services. Additionally, there are 2,448 detached units, accounting for 73.7% of total units, where individualized home services could be particularly valuable. Home services franchises could capitalize on the homeowner-occupied median home value of $124,261, offering renovations, landscaping, HVAC services, and more to enhance property values.
Business services franchises also have a viable market in Clinton. The town hosts a total of 761 businesses, with an employee population per business of 10.4 and a residential population per business of 10.8. With a labor force totaling 6,726 individuals, and a low unemployment rate of 1.6%, there's an active working population. Business services that could support the local economy include printing and marketing services, office supply stores, and professional consulting services. These could cater to the 54.2% white-collar workers who might require such services more frequently.
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Clinton, North Carolina Franchise Opportunities (and Businesses for Sale)
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