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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 Madison, Wisconsin | ||
| Data | Madison, WI | Nationwide |
|---|---|---|
| Population | 267.45 thousand | 333.2 million |
| Proj. 5 Year Population Growth | -3.2816% | 0.5% |
| Median Household Income | $115,014 | $74,580 |
| Median Age | 31.4 | 38.9 |
| Residents per Business | 1 to 26 | 10 to 1 |
| Annual Household Expenditures | $9.4 billion | $23.9 trillion |
| City Data retrieved from https://sitesusa.com/Data | ||
Franchising Landscape
The data on Madison, WI presents several promising opportunities for franchising. First, consider the high average household income estimated at $115,014 in 2023 and projected to grow to $119,314 by 2028. With total food and beverage consumer expenditure reaching approximately $1.37 billion in 2023, the demand for dining options is evident. Franchises offering unique dining experiences or high-quality fast-casual concepts could tap into this market, especially considering the 36.4% of 1-person households who may prefer dining out or ordering in over cooking.
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The housing data indicates a strong home ownership rate of 53.4% with a median home value of $342,017 in Madison. This suggests a home services franchise, such as home improvement, landscaping, or cleaning services, could find a robust market. The inclination of households towards maintaining and upgrading their homes, as suggested by the expenditure on furnishings and equipment ($333.79 million), further underscores the potential for home service franchises.
Lastly, the retail sector presents a lucrative opportunity. With a total annual retail expenditure of $4.41 billion, indicating strong consumer spending habits, a retail franchise in sectors such as apparel, which has an expenditure of $336.27 million, could be successful. The presence of over 10,000 businesses and a white-collar workforce of 74.5% implies a market for professional attire and business casual clothing.
Explore the franchise listings below and take the first step towards a rewarding business venture.
Madison, Wisconsin Franchise Opportunities (and Businesses for Sale)
| Order | Franchise Name | Industry Name | Available Capital | ||
|---|---|---|---|---|---|
| 1 |  | American Business Systems, LLC | Financial Franchises | $30,000 | |
| 2 |  | Healthy YOU Vending | Vending Franchises | $25,000 | |
| 3 |  | Ledgers | Financial Franchises | $50,000 | |
| 4 |  | FranServe - Become a Franchise Consultant! | Business Services Franchises | $50,000 | |
| 5 |  | Batteries Plus | Retail Franchises | $100,000 | |
| 6 |  | PostalAnnex+ | Printing Packing & Shipping | $70,000 | |
| 7 |  | Automated Investments | Business Opportunities | $100,000 | |
| 8 |  | FranDestiny | Business Services Franchises | $150,000 | |
| 9 |  | AAMCO Transmissions & Total Car Care | Auto Franchises | $90,000 | |
| 10 |  | ClaimTek Systems | Financial Franchises | $20,000 |
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.