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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: Lawrenceville, GA 2024 | ||
| Data | Lawrenceville, GA | Nationwide |
|---|---|---|
| Population | 33.33 thousand | 333.2 million |
| Proj. 5 Year Population Growth | -6.0634% | 0.5% |
| Median Household Income | $86,762 | $74,580 |
| Median Age | 32.68 | 38.9 |
| Residents per Business | 1 to 9 | 10 to 1 |
| Annual Household Expenditures | $1.08 billion | $23.9 trillion |
| City Data retrieved from https://sitesusa.com/Data | ||
Franchising Landscape
Analyzing the data for Lawrenceville, GA, a good industry for a new franchise could be the automotive sector. With an estimated average household income of $96,871 in 2023 and a historical annual increase in household income of 2.9% since 2000, consumers may have discretionary income to spend on vehicle maintenance and upgrades. The presence of 20,354 total vehicles available and the fact that the majority of households have 1 or more vehicles (with 38.3% having 2 vehicles and 21.8% having 3 or more) signals a robust market for automotive services. Additionally, the fact that a significant portion of the population drives to work alone (67.2%) indicates a high dependency on personal vehicles, which further supports the potential for automotive franchises offering repair, maintenance, and accessory customization services.
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Home services franchises could see success in Lawrenceville given the housing data. With a total of 11,273 households and a high percentage of owner-occupied housing units (61.5%), there is a considerable market for home improvement and maintenance services. The median home value of owner-occupied units being $293,058 suggests that homeowners have invested significantly in their properties and may be inclined to maintain or increase their home’s value through renovations, landscaping, and other home services. This is bolstered by the fact that many homes were built from 2000 to 2009 (26.5%), indicating that after about two decades, homeowners might be looking to make updates or improvements.
Lastly, the food industry is another sector ripe for franchising. With a significant portion of the monthly household expenditure going towards food and beverages ($844 out of $5,710, which is 14.8%), there is a clear demand for dining options. The diversity in household sizes, from 1-person (27.5%) to 3-person households (16.9%), may mean a variety of food franchises from quick-service restaurants to family-style dining could be successful.
Explore the franchise listings below and take the first step towards a rewarding business venture.
Lawrenceville, Georgia Franchise Opportunities (and Businesses for Sale)
| Order | Franchise Name | Industry Name | Available Capital | ||
|---|---|---|---|---|---|
| 1 |  | American Business Systems, LLC | Financial Franchises | $30,000 | |
| 2 |  | Zoomin Groomin | Pet Franchises | $90,000 | |
| 3 |  | Healthy YOU Vending | Vending Franchises | $25,000 | |
| 4 |  | GarageExperts | Home Services & Repair Franchises | $60,000 | |
| 5 |  | Batteries Plus | Retail Franchises | $100,000 | |
| 6 |  | Health Atlast | Health & Fitness Franchises | $300,000 | |
| 7 |  | BrightStar Care | Senior Care Franchises | $100,000 | |
| 8 |  | Automated Investments | Business Opportunities | $100,000 | |
| 9 |  | Village Idiot Pizza | Food Franchises | $250,000 | |
| 10 |  | Zoom Room | Pet Franchises | $200,000 |
Is Lawrenceville Be the Right Place to Launch Your Franchise?
- What's the business landscape like in Lawrenceville?
- Is there a reliable workforce for my franchise?
- Are operational costs affordable in Lawrenceville?
- How financially stable is the community?
- What makes Lawrenceville a great fit for franchise owners?
Question:What's the business landscape like in Lawrenceville?
Answer:Lawrenceville is home to 11,419 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 25,208 employed individuals, providing a steady and loyal workforce for franchise owners.
Question:Are operational costs affordable in Lawrenceville?
Answer:Absolutely. With a median rent of $1,363, franchise owners in Lawrenceville 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 Lawrenceville is $86,762, supporting a stable and engaged customer base.
Question:What makes Lawrenceville a great fit for franchise owners?
Answer:With 10,934 housing units and a strong sense of community, Lawrenceville 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.