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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 Los Angeles, California | ||
| Data | Los Angeles, CA | Nationwide |
|---|---|---|
| Population | 3.85 million | 333.2 million |
| Proj. 5 Year Population Growth | 1.435% | 0.5% |
| Median Household Income | $129,334 | $74,580 |
| Median Age | 36.24 | 38.9 |
| Residents per Business | 1 to 18 | 10 to 1 |
| Annual Household Expenditures | $120.44 billion | $23.9 trillion |
| City Data retrieved from https://sitesusa.com/Data | ||
Franchising Landscape
Los Angeles is an ideal location for new entrepreneurs looking to enter the franchising space. A massive workforce combined with over 300 company headquarters points to business services as a promising industry. The annual consumer expenditure on food and beverages is nearly $4 billion in LA, providing a ready market for new food franchises. With over $12 billion spent annually in retail, retail franchises in various industries could be the perfect sector to open a new franchise.
Daytime Workforce: 107,821 employees
Company Headquarters: 341
Employees in Company Headquarters: 21,027
Annual Retail Expenditure: $12.51 billion
Annual Shelter Expenditure: $5.76 billion
Annual Transportation Expenditure: $4.79 billion
Annual Food Expenditure: $3.95 billion
Annual Health Care Expenditure: $2.18 billion
Explore the franchise listings below and take the first step towards a rewarding business venture.
Los Angeles, California 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.