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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: Fayetteville, NC 2024 | ||
Data | Fayetteville, NC | Nationwide |
---|---|---|
Population | 210.78 thousand | 333.2 million |
Proj. 5 Year Population Growth | -0.3178% | 0.5% |
Median Household Income | $80,010 | $74,580 |
Median Age | 30.24 | 38.9 |
Residents per Business | 1 to 24 | 10 to 1 |
Annual Household Expenditures | $7.01 billion | $23.9 trillion |
City Data retrieved from https://sitesusa.com/Data |
The food and beverage industry seems promising in Fayetteville, NC, given the total annual consumer expenditure of $732.04 million in this category. With an average monthly household expenditure on food and beverages of $744, there is a clear demand for food-related services. Considering the high vehicle ownership with 60.7% of owner-occupied households having two or more vehicles and an average of 1.7 vehicles per household, drive-through or quick-service food franchises could be particularly successful in this environment.
Read MoreThe retail sector, with an annual total retail expenditure of $2.32 billion, is another area ripe for franchising opportunities. Particularly, apparel has a substantial expenditure of $173.15 million annually. Retail franchises that offer unique clothing options, or even luxury retail brands, could find a welcoming market in Fayetteville.
Finally, considering the high percentage of households with vehicles and transportation expenditures amounting to $895.82 million annually, automotive services franchises have a clear market opportunity. This is supported by the fact that 77% of the workforce drives to work alone, highlighting the central role of vehicles in residents' daily lives. Automotive franchises offering maintenance, repair, or even car wash services would be meeting a consistent and essential need.
Fayetteville presents a unique opportunity for franchise owners, with 81,749 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 $3.57 billion, reflecting steady consumer demand, while an average household income of $80,010 supports local spending. Additionally, the area's affordability—including a median rent of $922—reflects an accessible market, making Fayetteville an attractive option for new franchises looking to grow with strong community support.
With 90,049 housing units and a strong sense of community, Fayetteville 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.
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 | ![]() | Healthy YOU Vending | Vending Franchises | $25,000 | |
6 | ![]() | American Business Systems, LLC | Financial Franchises | $30,000 | |
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 | ![]() | Zoom Room | Pet Franchises | $200,000 |
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.
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