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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 Lincoln, Nebraska | ||
| Data | Lincoln, NE | Nationwide |
|---|---|---|
| Population | 294.54 thousand | 333.2 million |
| Proj. 5 Year Population Growth | -2.9471% | 0.5% |
| Median Household Income | $104,281 | $74,580 |
| Median Age | 33.31 | 38.9 |
| Residents per Business | 1 to 30 | 10 to 1 |
| Annual Household Expenditures | $8.59 billion | $23.9 trillion |
| City Data retrieved from https://sitesusa.com/Data | ||
Franchising Landscape
Lincoln's strong business environment, indicated by the presence of 9,728 total businesses and an employee population per business of 12.7, presents an opportunity for business services franchises. With professional and related occupations making up 26.6% of the workforce, there's an inherent demand for services that support business operations. This could include franchises offering printing and marketing services, cleaning and maintenance, or even specialized consulting services.
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With 93% of housing units occupied and a median home value of $237,455, there's evidence of a stable housing market in Lincoln, Nebraska. The data indicates a majority preference for owner-occupied housing (58.5%) over rental (41.5%), suggesting that homeowners may be more inclined to invest in home maintenance and improvement services. Franchises that provide landscaping, cleaning, and renovation services could capitalize on this market.
The transportation data in Lincoln shows that 71.3% of the workforce drives to work alone, and there's an average of 1.8 vehicles per household. With 37.9% of households having 2 vehicles available, services such as auto maintenance, repair, and detailing could see robust demand. The fact that there are 218,311 total vehicles available in the city underscores the potential customer base for automotive service franchises.
Explore the franchise listings below and take the first step towards a rewarding business venture.
Lincoln, Nebraska Franchise Opportunities (and Businesses for Sale)
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