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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 Colorado Springs, Colorado | ||
| Data | Colorado Springs, CO | Nationwide |
|---|---|---|
| Population | 485.57 thousand | 333.2 million |
| Proj. 5 Year Population Growth | -1.7754% | 0.5% |
| Median Household Income | $118,410 | $74,580 |
| Median Age | 35.06 | 38.9 |
| Residents per Business | 1 to 19 | 10 to 1 |
| Annual Household Expenditures | $15.53 billion | $23.9 trillion |
| City Data retrieved from https://sitesusa.com/Data | ||
Franchising Landscape
The data shows a high number of households with vehicles in Colorado Springs: 63,256 households with 1 vehicle, 79,774 with 2 vehicles, and 43,783 with 3 or more vehicles. With the total vehicles available standing at 371,532 and an average of 1.9 vehicles per household, there's a strong indication of a car-dependent population. This is further reinforced by the fact that 174,067 workers drive to work alone, and only a small fraction uses public transportation (811 people). This suggests a robust market for automotive franchises that specialize in services such as car maintenance, repair, parts, and car washes.
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The estimated average household income in 2023 is $118,410, with a significant increase projected by 2028 to $126,649. This financial stability, paired with an annual expenditure on health care of $1.28 billion, indicates that residents prioritize health and wellness. A franchise in the health and fitness sector could capitalize on this by offering gyms, specialized fitness centers, or health food stores to cater to the health-conscious demographic.
Education also appears to be a significant expenditure in Colorado Springs, with annual spending estimated at $502.04 million. This spending points to a demand for educational services in the area. Franchises that offer tutoring, early childhood education, and other learning centers could find a receptive market in Colorado Springs.
Explore the franchise listings below and take the first step towards a rewarding business venture.
Colorado Springs, Colorado Franchise Opportunities (and Businesses for Sale)
| Order | Franchise Name | Industry Name | Available Capital | ||
|---|---|---|---|---|---|
| 1 |  | American Business Systems, LLC | Financial Franchises | $30,000 | |
| 2 |  | Ledgers | Financial Franchises | $50,000 | |
| 3 |  | PostalAnnex+ | Printing Packing & Shipping | $70,000 | |
| 4 |  | FranServe - Become a Franchise Consultant! | Business Services Franchises | $50,000 | |
| 5 |  | Batteries Plus | Retail Franchises | $100,000 | |
| 6 |  | Healthy YOU Vending | Vending Franchises | $25,000 | |
| 7 |  | AAMCO Transmissions & Total Car Care | Auto Franchises | $90,000 | |
| 8 |  | Automated Investments | Business Opportunities | $100,000 | |
| 9 |  | Fleet Services International | Auto Franchises | $100,000 | |
| 10 |  | FranDestiny | Business Services Franchises | $150,000 |
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.