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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 Fayetteville, North Carolina | ||
| Data | Fayetteville, NC | Nationwide |
|---|---|---|
| Population | 211.04 thousand | 333.2 million |
| Proj. 5 Year Population Growth | 0.3051% | 0.5% |
| Median Household Income | $80,067 | $74,580 |
| Median Age | 30.27 | 38.9 |
| Residents per Business | 1 to 24 | 10 to 1 |
| Annual Household Expenditures | $4.93 billion | $23.9 trillion |
| City Data retrieved from https://sitesusa.com/Data | ||
Franchising Landscape
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.
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The 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.
Explore the franchise listings below and take the first step towards a rewarding business venture.
Fayetteville, North Carolina Franchise Opportunities (and Businesses for Sale)
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