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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: Newport News, VA 2024 | ||
| Data | Newport News, VA | Nationwide |
|---|---|---|
| Population | 184.06 thousand | 333.2 million |
| Proj. 5 Year Population Growth | 3.01% | 0.5% |
| Median Household Income | $92,917 | $74,580 |
| Median Age | 33.56 | 38.9 |
| Residents per Business | 1 to 27 | 10 to 1 |
| Annual Household Expenditures | $6.77 billion | $23.9 trillion |
| City Data retrieved from https://sitesusa.com/Data | ||
Explore the franchise listings below and take the first step towards a rewarding business venture.
Newport News, Virginia Franchise Opportunities (and Businesses for Sale)
| Order | Franchise Name | Industry Name | Available Capital | ||
|---|---|---|---|---|---|
| 1 |  | Batteries Plus | Retail Franchises | $100,000 | |
| 2 |  | Zoomin Groomin | Pet Franchises | $90,000 | |
| 3 |  | American Business Systems, LLC | Financial Franchises | $30,000 | |
| 4 |  | GarageExperts | Home Services & Repair Franchises | $60,000 | |
| 5 |  | Healthy YOU Vending | Vending Franchises | $25,000 | |
| 6 |  | Automated Investments | Business Opportunities | $100,000 | |
| 7 |  | Blue Coast Savings Consultants | Financial Franchises | $70,000 | |
| 8 |  | SiteSwan Website Builder | Business Opportunities | $199 | |
| 9 |  | Fleet Services International | Auto Franchises | $100,000 | |
| 10 |  | Zoom Room | Pet Franchises | $200,000 |
Is Newport News Be the Right Place to Launch Your Franchise?
- What's the business landscape like in Newport News?
- Is there a reliable workforce for my franchise?
- Are operational costs affordable in Newport News?
- How financially stable is the community?
- What makes Newport News a great fit for franchise owners?
Question:What's the business landscape like in Newport News?
Answer:Newport News is home to 75,394 businesses, meaning franchise owners can enter a market with less direct competition and a more localized customer base.
Question:Is there a reliable workforce for my franchise?
Answer:Yes! The city has 65,941 employed individuals, providing a steady and loyal workforce for franchise owners.
Question:Are operational costs affordable in Newport News?
Answer:Absolutely. With a median rent of $1,022, franchise owners in Newport News can benefit from lower real estate costs, making it easier to secure commercial space.
Question:How financially stable is the community?
Answer:The average household income in Newport News is $92,917, supporting a stable and engaged customer base.
Question:What makes Newport News a great fit for franchise owners?
Answer:With 81,901 housing units and a strong sense of community, Newport News provides a stable market where franchises can establish long-term success.
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.