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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 Columbia, South Carolina | ||
| Data | Columbia, SC | Nationwide |
|---|---|---|
| Population | 136.78 thousand | 333.2 million |
| Proj. 5 Year Population Growth | -5.452% | 0.5% |
| Median Household Income | $90,683 | $74,580 |
| Median Age | 29.52 | 38.9 |
| Residents per Business | 1 to 19 | 10 to 1 |
| Annual Household Expenditures | $3.48 billion | $23.9 trillion |
| City Data retrieved from https://sitesusa.com/Data | ||
Franchising Landscape
The first industry to consider in Columbia, SC is the automotive sector. The data indicates there are 86,098 total vehicles available in the city with an average of 1.6 vehicles per household. Notably, there are 22,909 households with 1 vehicle available and 18,617 with 2 vehicles. This suggests a substantial market for automotive services such as maintenance, repair, and parts.
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Secondly, the health and fitness industry could be lucrative in Columbia. The estimated average household income in 2023 is $90,683, with an estimated average household net worth of $431,251. This level of income and net worth may indicate a population with disposable income to spend on personal well-being, which includes health and fitness services. Considering the health care consumer expenditure is projected at $289.15 million annually, there is a clear indication of health-conscious spending that a health and fitness franchise could tap into in Columbia.
Real estate also presents an intriguing opportunity, especially in the home services category. With a total of 61,797 housing units and an owner-occupied median home value of $212,366, there is a market for home improvement and maintenance franchises in Columbia. The fact that 55.9% of housing units are owner-occupied suggests that services related to home care, landscaping, and renovation could be in demand. Additionally, with a significant number of homes built before 1989 (over 35%), there is potential for franchises that specialize in remodeling and updating older properties.
Explore the franchise listings below and take the first step towards a rewarding business venture.
Columbia, South Carolina Franchise Opportunities (and Businesses for Sale)
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