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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 Elk Grove, California | ||
| Data | Elk Grove, CA | Nationwide |
|---|---|---|
| Population | 181.53 thousand | 333.2 million |
| Proj. 5 Year Population Growth | -7.8199% | 0.5% |
| Median Household Income | $147,595 | $74,580 |
| Median Age | 36.99 | 38.9 |
| Residents per Business | 1 to 39 | 10 to 1 |
| Annual Household Expenditures | $5.52 billion | $23.9 trillion |
| City Data retrieved from https://sitesusa.com/Data | ||
Franchising Landscape
The food and beverage industry seems like a natural fit for Elk Grove. With a total annual consumer expenditure on food and beverages at $800.45 million, which translates to approximately $1,126 monthly per household, there's a clear demand for dining options. The city's population has been growing steadily, with a projected annual growth rate of 1.6% from 2023 to 2028, which could signal a continuous influx of potential customers. Additionally, the estimated average household income in 2023 is a robust $147,595, suggesting that residents have disposable income that could be spent on eating out or convenience food services.
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Health and fitness franchises could also find a lucrative market in Elk Grove. The annual health care expenditure stands at $442.57 million, an indicator of the community's investment in well-being. The city's median household income of $115,804 and the presence of 59,219 households point towards a consumer base that has the means to prioritize health and wellness, potentially supporting gyms, fitness centers, or wellness-focused service providers.
With an annual expenditure of $192.05 million on education, it's evident that the Elk Grove community values learning and development. This could create an opening for educational franchises that offer tutoring, test preparation, extracurricular activities, or enrichment programs, especially considering the fact that households with 3 and 4 persons (which could include families with children) make up a substantial 35.9% of all households.
Explore the franchise listings below and take the first step towards a rewarding business venture.
Elk Grove, California Franchise Opportunities (and Businesses for Sale)
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