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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: Elk Grove, CA 2024 | ||
| Data | Elk Grove, CA | Nationwide |
|---|---|---|
| Population | 176.66 thousand | 333.2 million |
| Proj. 5 Year Population Growth | -0.732% | 0.5% |
| Median Household Income | $153,873 | $74,580 |
| Median Age | 37.55 | 38.9 |
| Residents per Business | 1 to 38 | 10 to 1 |
| Annual Household Expenditures | $7.51 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)
| Order | Franchise Name | Industry Name | Available Capital | ||
|---|---|---|---|---|---|
| 1 |  | Healthy YOU Vending | Vending Franchises | $25,000 | |
| 2 |  | Automated Investments | Business Opportunities | $100,000 | |
| 3 |  | SiteSwan Website Builder | Business Opportunities | $199 | |
| 4 |  | My Business Venture | Computer & Internet Franchises | $10,000 | |
| 5 |  | Health Atlast | Health & Fitness Franchises | $300,000 | |
| 6 |  | BrightStar Care | Senior Care Franchises | $100,000 | |
| 7 |  | Zoomin Groomin | Pet Franchises | $90,000 | |
| 8 |  | Batteries Plus | Retail Franchises | $100,000 | |
| 9 |  | Minuteman Press International | Printing, Copying, Shipping, Signs Franchises | $50,000 | |
| 10 |  | DUCTZ - Air Duct & Dryer Vent Cleaning | Cleaning Franchises | $75,000 |
Is Elk Grove Be the Right Place to Launch Your Franchise?
- What's the business landscape like in Elk Grove?
- Is there a reliable workforce for my franchise?
- Are operational costs affordable in Elk Grove?
- How financially stable is the community?
- What makes Elk Grove a great fit for franchise owners?
Question:What's the business landscape like in Elk Grove?
Answer:Elk Grove is home to 56,471 businesses, meaning franchise owners can enter a market with less direct competition and a more localized customer base.
Question:Is there a reliable workforce for my franchise?
Answer:Yes! The city has 30,528 employed individuals, providing a steady and loyal workforce for franchise owners.
Question:Are operational costs affordable in Elk Grove?
Answer:Absolutely. With a median rent of $1,703, franchise owners in Elk Grove can benefit from lower real estate costs, making it easier to secure commercial space.
Question:How financially stable is the community?
Answer:The average household income in Elk Grove is $153,873, supporting a stable and engaged customer base.
Question:What makes Elk Grove a great fit for franchise owners?
Answer:With 56,225 housing units and a strong sense of community, Elk Grove provides a stable market where franchises can establish long-term success.
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.