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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 Hampton, Virginia | ||
| Data | Hampton, VA | Nationwide |
|---|---|---|
| Population | 138.78 thousand | 333.2 million |
| Proj. 5 Year Population Growth | -2.4709% | 0.5% |
| Median Household Income | $96,111 | $74,580 |
| Median Age | 35.9 | 38.9 |
| Residents per Business | 1 to 28 | 10 to 1 |
| Annual Household Expenditures | $3.96 billion | $23.9 trillion |
| City Data retrieved from https://sitesusa.com/Data | ||
Franchising Landscape
Examining the data for Hampton, VA, we can extract valuable insights to determine suitable franchise industries. The estimated average household income for 2023 is $96,111, with a projected increase to $103,186 by 2028. This suggests a relatively affluent population with disposable income, which is conducive to the food industry, specifically higher-end or fast-casual dining options that can cater to households with higher spending capacity. The food and beverages sector already commands a significant portion of the annual consumer expenditure at $584.45 million, indicating a robust market for new franchise entrants.
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The housing data reflects a stable residential environment, with 92% of the total 63,381 housing units occupied in 2023 and a median home value of $222,215. This stability, coupled with the fact that 53.3% of housing units are owner-occupied, suggests that there is a potential market for home services franchises. These could include landscaping, home renovations, or maintenance services which cater to homeowners investing in their properties.
Lastly, the transportation data shows that 78.9% of the workforce drives to work alone, and there are an average of 1.7 vehicles per household. With the high percentage of single-occupant commuters and the need for vehicle maintenance, automotive franchises offering services such as oil changes, repairs, or car washes could see significant demand.
Explore the franchise listings below and take the first step towards a rewarding business venture.
Hampton, Virginia Franchise Opportunities (and Businesses for Sale)
| Order | Franchise Name | Industry Name | Available Capital | ||
|---|---|---|---|---|---|
| 1 |  | Automated Investments | Business Opportunities | $100,000 | |
| 2 |  | Healthy YOU Vending | Vending Franchises | $25,000 | |
| 3 |  | FranServe - Become a Franchise Consultant! | Business Services Franchises | $50,000 | |
| 4 |  | FranDestiny | Business Services Franchises | $150,000 | |
| 5 |  | AAMCO Transmissions & Total Car Care | Auto Franchises | $90,000 | |
| 6 |  | PostalAnnex+ | Printing Packing & Shipping | $70,000 | |
| 7 |  | Batteries Plus | Retail Franchises | $100,000 | |
| 8 |  | American Business Systems, LLC | Financial Franchises | $30,000 | |
| 9 |  | SiteSwan Website Builder | Business Opportunities | $149 | |
| 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.