Please Confirm
Are you sure you wish to REMOVE from your request basket?
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: Lexington, KY 2024 | ||
| Data | Lexington, KY | Nationwide |
|---|---|---|
| Population | 321.81 thousand | 333.2 million |
| Proj. 5 Year Population Growth | 1.0031% | 0.5% |
| Median Household Income | $104,551 | $74,580 |
| Median Age | 34.63 | 38.9 |
| Residents per Business | 1 to 21 | 10 to 1 |
| Annual Household Expenditures | $13.19 billion | $23.9 trillion |
| City Data retrieved from https://sitesusa.com/Data | ||
Franchising Landscape
The data for Lexington, KY, suggests several promising areas for franchising opportunities. Let's start with the healthcare industry. The annual consumer expenditure on health care in Lexington is approximately $839.07 million. The estimated average household income for 2023 is $108,690 and the average household net worth is $511,787. Franchises that offer medical services, home care for seniors, or wellness programs would meet a growing demand.
Read More
The food and beverage sector also presents a lucrative opportunity. Lexington residents spend around $1.49 billion annually on food and beverages. Given the high average household income, a food franchise that offers unique dining experiences, healthy options, or quick-service could capitalize on this market.
Home services franchises should also consider the Lexington market. The data shows a strong housing market with a high percentage of owner-occupied homes (52.6%) and an owner-occupied median home value of $250,139. The average household expenditure on furnishings and equipment stands at $359.17 million. This indicates that there is a market for franchises offering home improvement, landscaping, or home decor services.
Explore the franchise listings below and take the first step towards a rewarding business venture.
Lexington, Kentucky Franchise Opportunities (and Businesses for Sale)
| Order | Franchise Name | Industry Name | Available Capital | ||
|---|---|---|---|---|---|
| 1 |  | American Business Systems, LLC | Financial Franchises | $30,000 | |
| 2 |  | Wealth Automators | Computer & Internet Franchises | $60,000 | |
| 3 |  | Automated Investments | Business Opportunities | $100,000 | |
| 4 |  | Tiger Adjusters | Home Services & Repair Franchises | $50,000 | |
| 5 |  | FranServe - Become a Franchise Consultant! | Business Services Franchises | $50,000 | |
| 6 |  | Batteries Plus | Retail Franchises | $100,000 | |
| 7 |  | PostalAnnex+ | Printing Packing & Shipping | $70,000 | |
| 8 |  | Proper Ecom Academy | Business Opportunities | $50,000 | |
| 9 |  | Zoomin Groomin | Pet Franchises | $90,000 | |
| 10 |  | Wings Etc. | Food | $350,000 |
Is Lexington the Right Place to Launch Your Franchise?
- What's the business landscape like in Lexington?
- Is there a reliable workforce for my franchise?
- Are operational costs affordable in Lexington?
- How financially stable is the community?
- What makes Lexington a great fit for franchise owners?
Question:What's the business landscape like in Lexington?
Answer:Lexington is home to 137,235 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 149,797 employed individuals, providing a steady and loyal workforce for franchise owners.
Question:Are operational costs affordable in Lexington?
Answer:Absolutely. With a median rent of $871, franchise owners in Lexington 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 Lexington is $104,551, supporting a stable and engaged customer base.
Question:What makes Lexington a great fit for franchise owners?
Answer:With 146,142 housing units and a strong sense of community, Lexington 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.