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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 Denver, Colorado | ||
| Data | Denver, CO | Nationwide |
|---|---|---|
| Population | 717.1 thousand | 333.2 million |
| Proj. 5 Year Population Growth | -3.0256% | 0.5% |
| Median Household Income | $142,141 | $74,580 |
| Median Age | 34.32 | 38.9 |
| Residents per Business | 1 to 15 | 10 to 1 |
| Annual Household Expenditures | $29.65 billion | $23.9 trillion |
| City Data retrieved from https://sitesusa.com/Data | ||
Franchising Landscape
Denver, Colorado, stands as an enticing location with businesses for sale, posting a median household income of $98,440 within a 5 mile radius of the city's center. The relatively young median age of 34.8 further presents a demographic that might be more inclined towards exploring new and innovative business offerings, such as low-cost franchises.
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One notable commuting behavior is the substantial portion of the working population working from home, which is 34.2%. This suggests a flexible and modern working culture in Denver, which may translate to a consumer market that values convenience and could be receptive to franchises offering home services or delivery.
The consumer expenditure data reveals notable spending in areas like food and beverages (14.5%), shelter (21.3%), and transportation (17.8%), which together make up over half of the total monthly household expenditure. This spending behavior hints at potential opportunities for franchises operating in the food, real estate, and automotive sectors. Specifically within the transportation sector, expenditures likely extend to services and products like oil changes, tires, batteries, car washes, and other automotive maintenance and repair services, indicating an enticing consumer landscape for businesses operating in these areas.
In conclusion, Denver unveils a promising market for business opportunities, characterized by substantial household income, a favorable median age, and high consumer expenditures in various sectors. This city's dynamic market conditions and consumer spending habits highlight the diverse franchising opportunities available.
Explore the franchise listings below and take the first step towards a rewarding business venture.
Denver, Colorado 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.