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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: Greenville, NC 2024 | ||
| Data | Greenville, NC | Nationwide |
|---|---|---|
| Population | 93.18 thousand | 333.2 million |
| Proj. 5 Year Population Growth | -3.2516% | 0.5% |
| Median Household Income | $81,550 | $74,580 |
| Median Age | 28.31 | 38.9 |
| Residents per Business | 1 to 22 | 10 to 1 |
| Annual Household Expenditures | $3.34 billion | $23.9 trillion |
| City Data retrieved from https://sitesusa.com/Data | ||
Franchising Landscape
Given the data for Greenville, NC, we can assess suitable franchise industries that may flourish in this city. With total retail expenditures reaching $1.16 billion in 2023, a retail franchise specializing in clothing, personal care, or home furnishings could capitalize on the existing spending patterns. Apparel alone accounts for $87.42 million in annual expenditure, indicating a vibrant market for clothing and accessories.
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Food franchises are another viable option in Greenville, considering food and beverage expenses stand at $366.05 million annually. With a significant portion of the population commuting to work, quick-service restaurants offering convenient or healthy options could be popular among the working population.
Lastly, the home services industry could find success in Greenville. With the majority of homes built before the year 2000 and a median home value of $179,703, there may be a need for renovation and home improvement services. Coupled with the projected increase in households to 41,374 by 2028, franchises that offer home repair, landscaping, or cleaning services could find a robust market.
Explore the franchise listings below and take the first step towards a rewarding business venture.
Greenville, North Carolina Franchise Opportunities (and Businesses for Sale)
| Order | Franchise Name | Industry Name | Available Capital | ||
|---|---|---|---|---|---|
| 1 |  | Zoomin Groomin | Pet Franchises | $90,000 | |
| 2 |  | American Business Systems, LLC | Financial Franchises | $30,000 | |
| 3 |  | GarageExperts | Home Services & Repair Franchises | $60,000 | |
| 4 |  | Healthy YOU Vending | Vending Franchises | $25,000 | |
| 5 |  | Automated Investments | Business Opportunities | $100,000 | |
| 6 |  | Batteries Plus | Retail Franchises | $100,000 | |
| 7 |  | Village Idiot Pizza | Food Franchises | $250,000 | |
| 8 |  | SiteSwan Website Builder | Business Opportunities | $199 | |
| 9 |  | Zoom Room | Pet Franchises | $200,000 | |
| 10 |  | My Business Venture | Computer & Internet Franchises | $10,000 |
Is Greenville Be the Right Place to Launch Your Franchise?
- What's the business landscape like in Greenville?
- Is there a reliable workforce for my franchise?
- Are operational costs affordable in Greenville?
- How financially stable is the community?
- What makes Greenville a great fit for franchise owners?
Question:What's the business landscape like in Greenville?
Answer:Greenville is home to 40,242 businesses, meaning franchise owners can enter a market with less direct competition and a more localized customer base.
Question:Is there a reliable workforce for my franchise?
Answer:Yes! The city has 38,727 employed individuals, providing a steady and loyal workforce for franchise owners.
Question:Are operational costs affordable in Greenville?
Answer:Absolutely. With a median rent of $769, franchise owners in Greenville can benefit from lower real estate costs, making it easier to secure commercial space.
Question:How financially stable is the community?
Answer:The average household income in Greenville is $81,550, supporting a stable and engaged customer base.
Question:What makes Greenville a great fit for franchise owners?
Answer:With 44,943 housing units and a strong sense of community, Greenville provides a stable market where franchises can establish long-term success.
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.