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: Durham, NC 2024 | ||
| Data | Durham, NC | Nationwide |
|---|---|---|
| Population | 290.47 thousand | 333.2 million |
| Proj. 5 Year Population Growth | -5.4289% | 0.5% |
| Median Household Income | $116,457 | $74,580 |
| Median Age | 34.09 | 38.9 |
| Residents per Business | 1 to 23 | 10 to 1 |
| Annual Household Expenditures | $12.9 billion | $23.9 trillion |
| City Data retrieved from https://sitesusa.com/Data | ||
Franchising Landscape
With an estimated population of 292,035 in 2023 and projected growth to 312,695 by 2028, Durham presents a promising market for new franchisees in the food industry. The historical annual growth from 2010 to 2020 was 2.2%, and the population density in 2023 is 2,553 people per square mile, indicating a steadily increasing customer base. Considering the total annual consumer expenditure on food and beverages at $1.38 billion and monthly household expenditure for the same at $911, which constitutes 14.6% of the total monthly household expenditure, there is a significant market for food franchises. Moreover, with the average household income at $110,237 and a median household income of $76,350, there is disposable income available for dining out, supporting the potential success of food franchises.
Read More
The health and fitness industry also stands out as a viable option for franchising in Durham. The total annual consumer expenditure on health care is $778.48 million, with a monthly household expenditure of $513 on health care, representing 8.2% of the total household expenditure. This investment in health-related expenses mirrors a community that values health and wellness, making it conducive for health and fitness franchises.
The data from Durham also suggests a strong potential for automotive franchises. With a total of 205,167 vehicles available and an average of 1.6 vehicles per household, the dependency on personal transportation is evident. Notably, 62.8% of these vehicles are associated with owner-occupied households, which typically maintain consistent investment in vehicle care. Given the annual household income figures and the fact that transportation constitutes $1.71 billion of the total annual consumer expenditure, automotive service franchises could tap into a market of consumers who have the means and need to maintain their vehicles.
Durham presents a unique opportunity for franchise owners, with 124,465 businesses serving the local community. With fewer businesses compared to larger markets, franchise owners can benefit from less direct competition while still tapping into a steady local economy.
Annual retail expenditures total $6.24 billion, reflecting steady consumer demand, while an average household income of $116,457 supports local spending. Additionally, the area's affordability—including a median rent of $1,242—reflects an accessible market, making Durham an attractive option for new franchises looking to grow with strong community support.
With 125,579 housing units and a strong sense of community, Durham offers a business-friendly environment where franchises can build lasting customer relationships and long-term stability.
Explore the franchise listings below and take the first step towards a rewarding business venture.
Durham, North Carolina Franchise Opportunities (and Businesses for Sale)
| Order | Franchise Name | Industry Name | Available Capital | ||
|---|---|---|---|---|---|
| 1 |  | Automated Investments | Business Opportunities | $100,000 | |
| 2 |  | Batteries Plus | Retail Franchises | $100,000 | |
| 3 |  | Zoomin Groomin | Pet Franchises | $90,000 | |
| 4 |  | GarageExperts | Home Services & Repair Franchises | $60,000 | |
| 5 |  | American Business Systems, LLC | Financial Franchises | $30,000 | |
| 6 |  | Healthy YOU Vending | Vending Franchises | $25,000 | |
| 7 |  | My Business Venture | Computer & Internet Franchises | $10,000 | |
| 8 |  | Jeff's Bagel Run | Food | $500,000 | |
| 9 |  | SiteSwan Website Builder | Business Opportunities | $199 | |
| 10 |  | Village Idiot Pizza | Food Franchises | $250,000 |
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.