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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 McDonough, Georgia | ||
| Data | McDonough, GA | Nationwide |
|---|---|---|
| Population | 30.96 thousand | 333.2 million |
| Proj. 5 Year Population Growth | -11.523% | 0.5% |
| Median Household Income | $88,158 | $74,580 |
| Median Age | 34.14 | 38.9 |
| Residents per Business | 1 to 12 | 10 to 1 |
| Annual Household Expenditures | $713.95 million | $23.9 trillion |
| City Data retrieved from https://sitesusa.com/Data | ||
Franchising Landscape
Analyzing the data for McDonough, GA, we can identify several franchise industries that could be promising in this market.
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The food and beverage industry stands out as a promising sector for franchising. The data shows that the estimated total annual consumer expenditure on food and beverages in McDonough is $104.95 million, a significant portion of the total retail expenditure. With a median household income of $78,775 and an estimated average household net worth of $463,681, the residents have disposable income that could support dining out. Additionally, considering the 94.1% housing unit occupancy rate and a substantial percentage of households with 3 or more people, there is likely to be demand for family-oriented and fast-casual dining establishments that cater to busy households looking for convenience without sacrificing quality.
The home services industry is another strong contender in McDonough. The data indicates a large percentage of the population lives in detached units (76.4%), and the median age of homes is 24.3 years, suggesting a potential market for home renovation and improvement services. Moreover, the owner-occupied median home value is $202,451, and the annual household operations expenditure is $28.13 million, showing that homeowners are likely investing in maintaining and upgrading their properties. Franchises that offer home improvement, landscaping, and repair services could capitalize on this trend.
Lastly, considering the educational expenditure of $21.88 million annually, education-related franchises, particularly those that offer tutoring or enrichment programs, could see success in McDonough. The substantial presence of family-sized households indicates potential demand for educational services that supplement the school system or provide specialized training, such as coding or art classes, which could be particularly attractive to the 16.9% of households with 3 persons, likely to often include school-aged children.
Explore the franchise listings below and take the first step towards a rewarding business venture.
McDonough, Georgia Franchise Opportunities (and Businesses for Sale)
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