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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 Little Rock, Arkansas | ||
| Data | Little Rock, AR | Nationwide |
|---|---|---|
| Population | 205.77 thousand | 333.2 million |
| Proj. 5 Year Population Growth | -2.6395% | 0.5% |
| Median Household Income | $107,393 | $74,580 |
| Median Age | 36.83 | 38.9 |
| Residents per Business | 1 to 17 | 10 to 1 |
| Annual Household Expenditures | $6.55 billion | $23.9 trillion |
| City Data retrieved from https://sitesusa.com/Data | ||
Franchising Landscape
The data on Little Rock, AR, provides valuable insights into potential franchise opportunities. Firstly, the average household income was estimated at $107,393 in 2023, with a projected increase to $115,288 by 2028.
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In the realm of health and fitness, there is considerable potential in Little Rock. With an expenditure of $540.39 million on healthcare in 2023 and the substantial average household net worth of $516,017, there is an opportunity for franchises specializing in wellness, fitness centers, and specialized health services that cater to a more affluent clientele who are willing to invest in health and wellness.
Home services franchises also stand out as a viable option in Little Rock. The presence of 65.6% detached single-unit homes indicates a substantial market for home maintenance and improvement services. With an aging housing stock — the median age of homes being 44.8 years — there's likely a continuous need for renovations, landscaping, and maintenance, driving demand for home service franchises such as repair and renovation services, lawn care, and pest control.
Lastly, considering the significant spend on food and beverages, which was $954.73 million in 2023, food franchises could be highly successful in Little Rock. Given that 20.4% of the workforce works from home, there's a potential for businesses that offer delivery and catering services, tapping into the market of remote workers who may prefer convenient dining options at home.
Explore the franchise listings below and take the first step towards a rewarding business venture.
Little Rock, Arkansas Franchise Opportunities (and Businesses for Sale)
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.