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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 Englewood, Colorado | ||
| Data | Englewood, CO | Nationwide |
|---|---|---|
| Population | 34.32 thousand | 333.2 million |
| Proj. 5 Year Population Growth | -3.1402% | 0.5% |
| Median Household Income | $117,164 | $74,580 |
| Median Age | 37.89 | 38.9 |
| Residents per Business | 1 to 13 | 10 to 1 |
| Annual Household Expenditures | $1.33 billion | $23.9 trillion |
| City Data retrieved from https://sitesusa.com/Data | ||
Franchising Landscape
In Englewood, Colorado, the home improvement sector shows significant potential for growth, particularly due to the specific age of the housing stock. With 16.2% of homes built in the 1970s within a 5 mile radius of Englewood, there is a clear market for renovations and modernizations tailored to these properties. The annual shelter expenditure in Englewood, a substantial $3.21 billion spent on housing, underscores the willingness of homeowners to invest in their properties. This financial commitment to housing indicates a strong market for home improvement services, from major renovations to more minor home maintenance tasks.
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The food service industry is poised to capitalize on Englewood’s high annual expenditure on food and beverages, amounting to over $2.18 billion in 2023, coupled with a median household income of $104,336. This suggests a community with the financial means and inclination to spend on dining. Franchises that offer unique dining experiences, from upscale fast-casual restaurants to specialty food stores and gourmet delivery services, are well-positioned to tap into this market.
In the automotive sector, the emphasis on personal vehicle usage is critical, highlighted by the fact that 57.5% of workers commute alone by car, and the average household has 1.7 vehicles. This reliance on personal transportation is further underlined by the substantial $2.71 billion annual expenditure on transportation. This expenditure reflects a significant investment in vehicle maintenance and usage, suggesting a robust demand for automotive services. Franchises offering a range of automotive solutions, from maintenance and repair to specialized care, are likely to find a receptive market in Englewood.
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Englewood, Colorado Franchise Opportunities (and Businesses for Sale)
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