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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 Columbus, Georgia | ||
| Data | Columbus, GA | Nationwide |
|---|---|---|
| Population | 203.7 thousand | 333.2 million |
| Proj. 5 Year Population Growth | 4.163% | 0.5% |
| Median Household Income | $87,371 | $74,580 |
| Median Age | 34.67 | 38.9 |
| Residents per Business | 1 to 22 | 10 to 1 |
| Annual Household Expenditures | $5.12 billion | $23.9 trillion |
| City Data retrieved from https://sitesusa.com/Data | ||
Franchising Landscape
Based on the demographic data, there are several franchise industries that stand out as particularly promising for Columbus, GA.
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The first industry to consider is home services. With a homeowner rate of 47.6% and an average household net worth of $354,072 in 2023, there's a substantial market for services that cater to property maintenance and improvement. The diversity of housing units, including a majority of detached units (65.5%), indicates a need for a variety of home services, such as landscaping, renovations, and security systems. Franchises that provide these services could capitalize on the population's investment in their homes, particularly given that the median home value is $189,904 and the median rent is $742, suggesting a stable housing market.
The food and beverage industry also presents a significant opportunity. With an estimated $757.58 million spent on food and beverages in 2023 and a substantial monthly household expenditure of $777 on this category, there's a clear demand for dining options. Given that 30.7% of households are single-person and 29.9% are two-person, quick service or fast-casual dining franchises that cater to small households and busy professionals could do well in this community.
Automotive services could also be a promising franchise industry in Columbus due to the high vehicle availability. With an average of 1.7 vehicles per household and 78.1% of workers driving to work alone, there is a substantial market for automotive maintenance and repair services.
Explore the franchise listings below and take the first step towards a rewarding business venture.
Columbus, Georgia Franchise Opportunities (and Businesses for Sale)
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