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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: Greensboro, NC 2024 | ||
| Data | Greensboro, NC | Nationwide |
|---|---|---|
| Population | 306.21 thousand | 333.2 million |
| Proj. 5 Year Population Growth | -2.4687% | 0.5% |
| Median Household Income | $93,774 | $74,580 |
| Median Age | 33.94 | 38.9 |
| Residents per Business | 1 to 18 | 10 to 1 |
| Annual Household Expenditures | $11.43 billion | $23.9 trillion |
| City Data retrieved from https://sitesusa.com/Data | ||
Franchising Landscape
In Greensboro, NC, the data points to several promising sectors for new franchisees. The estimated average household income in 2023 is $95,741 with a projected increase to $102,355 by 2028, indicating a community with income that can support discretionary spending. This economic backdrop is conducive for the entertainment franchise industry. Considering the total annual consumer expenditure on entertainment is $470.74 million, franchises that offer family entertainment centers, movie theaters, or recreational activities could tap into the community's willingness to spend on leisure activities.
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Health and fitness franchises also stand to benefit in Greensboro. With the total annual consumer expenditure on health care at $700.09 million and a community showing a considerable interest in personal well-being, there is a potential market for gyms, fitness centers, or wellness programs.
The housing data reveals that there are 123,287 total households with a 92.3% occupancy rate and 55.2% owner-occupied units, which suggests a stable residential market. Home services franchises, which include home improvement, cleaning, and maintenance, could see success given the high rate of homeownership and the annual consumer expenditure on household operations at $328.31 million. These franchises can capitalize on the needs of homeowners seeking to maintain or enhance their property value.
Lastly, the food and beverage sector is another attractive franchise opportunity. Greensboro's total annual consumer expenditure for food and beverages is a substantial $1.23 billion. The presence of 123,287 households, with a significant percentage being multi-person households, underlines the potential demand for quick-service restaurants, specialty food stores, and catering services. The trend of an increasing population, with a projected growth to 303,183 by 2028, also indicates a growing market for new food service franchises.
Greensboro presents a unique opportunity for franchise owners, with 127,427 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 $5.76 billion, reflecting steady consumer demand, while an average household income of $93,774 supports local spending. Additionally, the area's affordability—including a median rent of $923—reflects an accessible market, making Greensboro an attractive option for new franchises looking to grow with strong community support.
With 133,011 housing units and a strong sense of community, Greensboro 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.
Greensboro, North Carolina Franchise Opportunities (and Businesses for Sale)
| Order | Franchise Name | Industry Name | Available Capital | ||
|---|---|---|---|---|---|
| 1 |  | Zoomin Groomin | Pet Franchises | $90,000 | |
| 2 |  | Healthy YOU Vending | Vending Franchises | $25,000 | |
| 3 |  | Batteries Plus | Retail Franchises | $100,000 | |
| 4 |  | Automated Investments | Business Opportunities | $100,000 | |
| 5 |  | American Business Systems, LLC | Financial Franchises | $30,000 | |
| 6 |  | GarageExperts | Home Services & Repair Franchises | $60,000 | |
| 7 |  | Zoom Room | Pet Franchises | $200,000 | |
| 8 |  | Village Idiot Pizza | Food Franchises | $250,000 | |
| 9 |  | Jeff's Bagel Run | Food | $500,000 | |
| 10 |  | My Business Venture | Computer & Internet Franchises | $10,000 |
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.