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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 Murfreesboro, Tennessee | ||
| Data | Murfreesboro, TN | Nationwide |
|---|---|---|
| Population | 161.4 thousand | 333.2 million |
| Proj. 5 Year Population Growth | -11.1858% | 0.5% |
| Median Household Income | $102,141 | $74,580 |
| Median Age | 31.96 | 38.9 |
| Residents per Business | 1 to 25 | 10 to 1 |
| Annual Household Expenditures | $4.53 billion | $23.9 trillion |
| City Data retrieved from https://sitesusa.com/Data | ||
Franchising Landscape
The average household income in Murfreesboro, TN, with an estimated average household income of $102,141 in 2023, makes it an attractive location for businesses targeting affluent consumers. Franchises in industries such as health and fitness, entertainment, and education could capitalize on this disposable income. For instance, upscale gyms or fitness centers, tutoring centers, or family entertainment venues could find success in this market.
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Secondly, Murfreesboro's growing population, with a projected annual growth rate of 2.4% from 2023 to 2028, indicates an increasing demand for various goods and services. Food franchises, especially those offering diverse and convenient options, could see significant opportunities for growth. This includes fast-casual dining options, specialty food stores, or food delivery services.
The high percentage of households with multiple vehicles (around 67.1% in 2023) in Murfreesboro indicates a reliance on automobiles for transportation. Automotive service franchises, such as car washes, oil change stations, or auto repair shops, could find success in meeting the needs of vehicle owners in Murfreesboro.
Explore the franchise listings below and take the first step towards a rewarding business venture.
Murfreesboro, Tennessee Franchise Opportunities (and Businesses for Sale)
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