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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: Hamburg, NY 2024 | ||
Data | Hamburg, NY | Nationwide |
---|---|---|
Population | 9.34 thousand | 333.2 million |
Proj. 5 Year Population Growth | 2.823% | 0.5% |
Median Household Income | $121,811 | $74,580 |
Median Age | 41.49 | 38.9 |
Residents per Business | 1 to 22 | 10 to 1 |
Annual Household Expenditures | $454.16 million | $23.9 trillion |
City Data retrieved from https://sitesusa.com/Data |
In Hamburg, NY, the data indicates several promising sectors for franchising. First, considering the average household income of $134,680 in 2023, with a projected increase to $144,811 by 2028, and a high estimated average household net worth of $1.07 million, luxury and high-end retail franchises could likely find a receptive market. The presence of households with incomes over $200,000 at 12.1% suggest a demographic with disposable income that could support specialty boutique stores, high-end home decor, and premium services.
Read MoreHealth and fitness franchises also stand to do well in Hamburg, supported by the substantial annual healthcare expenditure of $30.61 million. The population's purchasing power could sustain businesses like upscale gyms, wellness centers, and organic health food stores.
The housing data in Hamburg shows a majority of detached units (62.9%), indicating that home services franchises, like home improvement, landscaping, and maintenance, could fill a need, especially given that 29.9% of homes fall within the $200,000 to $249,999 value range, which may require such services for upkeep and enhancement. The high percentage of owner-occupied homes (66.2%) further suggests that homeowners may invest in maintaining and improving their properties.
Hamburg presents a unique opportunity for franchise owners, with 4,048 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 $223.58 million, reflecting steady consumer demand, while an average household income of $121,811 supports local spending. Additionally, the area's affordability—including a median rent of $893—reflects an accessible market, making Hamburg an attractive option for new franchises looking to grow with strong community support.
With 4,293 housing units and a strong sense of community, Hamburg 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.
Order | Franchise Name | Industry Name | Available Capital | ||
---|---|---|---|---|---|
1 | ![]() | Batteries Plus | Retail Franchises | $100,000 | |
2 | ![]() | American Business Systems, LLC | Financial Franchises | $30,000 | |
3 | ![]() | SiteSwan Website Builder | Business Opportunities | $199 | |
4 | ![]() | Health Atlast | Health & Fitness Franchises | $300,000 | |
5 | ![]() | Zoomin Groomin | Pet Franchises | $90,000 | |
6 | ![]() | Healthy YOU Vending | Vending Franchises | $25,000 | |
7 | ![]() | GarageExperts | Home Services & Repair Franchises | $60,000 | |
8 | ![]() | Automated Investments | Business Opportunities | $100,000 | |
9 | ![]() | Blue Coast Savings Consultants | Financial Franchises | $70,000 | |
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.
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