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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 Frederick, Maryland | ||
| Data | Frederick, MD | Nationwide |
|---|---|---|
| Population | 84.3 thousand | 333.2 million |
| Proj. 5 Year Population Growth | -11.482% | 0.5% |
| Median Household Income | $123,134 | $74,580 |
| Median Age | 35.8 | 38.9 |
| Residents per Business | 1 to 21 | 10 to 1 |
| Annual Household Expenditures | $2.68 billion | $23.9 trillion |
| City Data retrieved from https://sitesusa.com/Data | ||
Franchising Landscape
The average household income in Frederick, MD is estimated at $123,134 in 2023, with a median household income of $95,421. This financial health suggests a consumer base with disposable income, making the food industry particularly appealing. A franchise in the premium food sector, such as upscale cafes or specialty cuisine restaurants, could capitalize on this higher spending power. The city's significant retail expenditure of $1.26 billion further supports this, with food and beverages constituting $388.7 million. This indicates a strong market for food services, which can be a lucrative avenue for franchising.
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The housing data indicates that 69.6% of housing units are owner-occupied, and the median home value is $353,397. This suggests a stable and potentially growing real estate market, possibly driven by the projected population growth of 2.4% annually from 2023-2028. Home services franchises that focus on home improvement, lawn care, and maintenance could find a robust market here. Given that there is a significant portion of homes built from 1990 to 2009 (36.5%), services related to renovation and modernization could be in demand.
Finally, the transportation data shows that 11.8% of workers in Frederick work at home, which suggests familiar ground for home-based services. This aligns with the trend towards home-based work and the need for services that support this lifestyle.
Explore the franchise listings below and take the first step towards a rewarding business venture.
Frederick, Maryland Franchise Opportunities (and Businesses for Sale)
| Order | Franchise Name | Industry Name | Available Capital | ||
|---|---|---|---|---|---|
| 1 |  | Batteries Plus | Retail Franchises | $100,000 | |
| 2 |  | FranServe - Become a Franchise Consultant! | Business Services Franchises | $50,000 | |
| 3 |  | Apricot Lane | Retail Franchises | $80,000 | |
| 4 |  | AAMCO Transmissions & Total Car Care | Auto Franchises | $90,000 | |
| 5 |  | PostalAnnex+ | Printing Packing & Shipping | $70,000 | |
| 6 |  | American Business Systems, LLC | Financial Franchises | $30,000 | |
| 7 |  | Automated Investments | Business Opportunities | $100,000 | |
| 8 |  | FranDestiny | Business Services Franchises | $150,000 | |
| 9 |  | E-Commerce Future USA | Business Opportunities | $30,000 | |
| 10 |  | Minuteman Press International | Printing, Copying, Shipping, Signs Franchises | $50,000 |
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.