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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 Reno, Nevada | ||
| Data | Reno, NV | Nationwide |
|---|---|---|
| Population | 276.91 thousand | 333.2 million |
| Proj. 5 Year Population Growth | -5.375% | 0.5% |
| Median Household Income | $118,320 | $74,580 |
| Median Age | 36.83 | 38.9 |
| Residents per Business | 1 to 25 | 10 to 1 |
| Annual Household Expenditures | $9.08 billion | $23.9 trillion |
| City Data retrieved from https://sitesusa.com/Data | ||
Franchising Landscape
The automotive industry could be a lucrative venture in Reno, NV. With 208,699 total vehicles available and an average of 1.8 vehicles per household, there is a significant market for automotive services. Notably, 66.3% of vehicles are associated with owner-occupied households, which may indicate a tendency for maintenance and investment in vehicle care. Moreover, the data shows 35.3% of households have only one vehicle available, which could suggest a need for reliable automotive services to keep these crucial vehicles in good condition.
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Home services is another sector with potential in Reno. The median age of homes in Reno is 37.4 years, which implies a substantial number of homes may require maintenance, upgrades, or renovations. Additionally, with an owner-occupied median home value of $459,913, there appears to be a significant investment in housing which homeowners will likely want to maintain or increase in value.
Lastly, the food industry could be considered a strong contender. Reno's residents spend $1.33 billion annually on food and beverages. With an estimated average household income of $118,320 and a per capita income of $49,427, it is clear there is disposable income that could be directed towards dining out or specialty food services.
Explore the franchise listings below and take the first step towards a rewarding business venture.
Reno, Nevada Franchise Opportunities (and Businesses for Sale)
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