Please Confirm
Are you sure you wish to REMOVE from your request basket?
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 Cumming, Georgia | ||
| Data | Cumming, GA | Nationwide |
|---|---|---|
| Population | 7.97 thousand | 333.2 million |
| Proj. 5 Year Population Growth | -8.874% | 0.5% |
| Median Household Income | $95,099 | $74,580 |
| Median Age | 40.41 | 38.9 |
| Residents per Business | 1 to 5 | 10 to 1 |
| Annual Household Expenditures | $198.34 million | $23.9 trillion |
| City Data retrieved from https://sitesusa.com/Data | ||
Franchising Landscape
Considering the data for Cumming, Georgia, we can identify several franchise industries that are well-suited to the local market.
Read More
The food industry stands out as a significant opportunity for franchise growth. With an estimated average household income of $95,099 in 2023 and a projected increase in the number of households from 2,926 in 2023 to 3,292 by 2028, there is a clear indication of a growing market with spending power. Furthermore, the total annual consumer expenditure on food and beverages is a robust $28.88 million annually. A franchise that offers fast-casual dining or specialty food services could meet the demands of a community that values convenience and quality, potentially tapping into the monthly food and beverage expenditure of $822 per household.
Home services is another promising sector for franchising in Cumming, GA. With a substantial owner-occupied median home value of $373,376 and a high percentage of homes built from 2000 onwards (33.7%), there's an established market for home maintenance, renovation, and landscaping services.
Lastly, the automotive industry presents an opportunity for franchising. The average vehicles per household are 1.9, with 81.4% of vehicles belonging to owner-occupied households. This points to a need for automotive services like repair, maintenance, and car washes. Given the 2.5% projected annual growth in households between 2023-2028, the demand for such services is expected to increase.
Explore the franchise listings below and take the first step towards a rewarding business venture.
Cumming, Georgia 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.