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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 Long Beach, California | ||
| Data | Long Beach, CA | Nationwide |
|---|---|---|
| Population | 458.13 thousand | 333.2 million |
| Proj. 5 Year Population Growth | 3.9482% | 0.5% |
| Median Household Income | $119,012 | $74,580 |
| Median Age | 36 | 38.9 |
| Residents per Business | 1 to 28 | 10 to 1 |
| Annual Household Expenditures | $13.38 billion | $23.9 trillion |
| City Data retrieved from https://sitesusa.com/Data | ||
Franchising Landscape
The automotive industry stands out as a strong candidate in Long Beach, CA. With a total of 287,280 vehicles available and an average of 1.7 vehicles per household, there's a substantial market for automotive services. Moreover, the data indicates that 18.8% of households have 3 or more vehicles available, suggesting a higher demand for maintenance, repair, and other automotive services. Franchises that provide automotive care could see robust business in Long Beach.
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The health and fitness industry also appears to be a lucrative sector. The estimated total consumer expenditure on health care in 2023 was $1.09 billion. Franchises that offer fitness classes, wellness programs, and health-related products could capitalize on this spending.
Home services franchises have a promising outlook as well, particularly those specializing in remodeling and repair. The data shows a significant number of homes built before 1969 (30.9%), which may require updates, energy efficiency improvements, or renovations. Coupled with the high owner-occupied median home value of $668,066, residents are likely to invest in maintaining and enhancing their properties, making this an opportune market for home service businesses.
Lastly, the food industry is another sector worth considering. Long Beach's total annual consumer expenditure on food and beverages was $1.95 billion in 2023, which underscores the potential for food-related franchises.
Explore the franchise listings below and take the first step towards a rewarding business venture.
Long Beach, California Franchise Opportunities (and Businesses for Sale)
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