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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 Greenville, North Carolina | ||
| Data | Greenville, NC | Nationwide |
|---|---|---|
| Population | 92.4 thousand | 333.2 million |
| Proj. 5 Year Population Growth | -2.8767% | 0.5% |
| Median Household Income | $85,099 | $74,580 |
| Median Age | 28.12 | 38.9 |
| Residents per Business | 1 to 22 | 10 to 1 |
| Annual Household Expenditures | $2.48 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)
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