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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 Montgomery, Alabama | ||
| Data | Montgomery, AL | Nationwide |
|---|---|---|
| Population | 197.08 thousand | 333.2 million |
| Proj. 5 Year Population Growth | 1.7598% | 0.5% |
| Median Household Income | $87,057 | $74,580 |
| Median Age | 35.58 | 38.9 |
| Residents per Business | 1 to 21 | 10 to 1 |
| Annual Household Expenditures | $5.08 billion | $23.9 trillion |
| City Data retrieved from https://sitesusa.com/Data | ||
Franchising Landscape
With an estimated 94,356 total housing units in 2023 and a significant portion of these being owner-occupied (55%), there is a clear demand for home services in Montgomery. The variety of housing ages, with a median age of 44.3 years, suggests a need for maintenance, renovation, and repair services. Furthermore, the distribution of home values, particularly the 9.3% of homes valued between $300,000 and $399,999, indicates a homeowner demographic that may have disposable income for home improvements. This makes the home services industry, which includes landscaping, remodeling, and repair, a viable option for franchising.
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Food and beverages are a significant part of the household expenditure in Montgomery, with $750.36 million spent annually in this category. This demonstrates a substantial market for the food industry, making it a prime sector for franchising opportunities. A franchise that offers unique dining experiences or specialized food services could tap into this existing consumer spending pattern. Given that 33.3% of households are single-person households, there may be a particular interest in fast-casual dining or services that cater to single residents with busy lifestyles.
Considering the high percentage of households with vehicles (85.2% have one or more vehicles available), there is an ongoing need for automotive services. The average number of vehicles per household is 1.7, and with most workers commuting by car (80.6% drive to work alone), franchises in the automotive sector, such as maintenance, repair, and car wash services, would be addressing a clear and present need within the community.
Explore the franchise listings below and take the first step towards a rewarding business venture.
Montgomery, Alabama Franchise Opportunities (and Businesses for Sale)
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