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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: Riverside, CA 2024 | ||
| Data | Riverside, CA | Nationwide |
|---|---|---|
| Population | 313.42 thousand | 333.2 million |
| Proj. 5 Year Population Growth | -2.5853% | 0.5% |
| Median Household Income | $115,167 | $74,580 |
| Median Age | 32.8 | 38.9 |
| Residents per Business | 1 to 25 | 10 to 1 |
| Annual Household Expenditures | $11.13 billion | $23.9 trillion |
| City Data retrieved from https://sitesusa.com/Data | ||
Franchising Landscape
With an estimated average household income of $117,982 and significant expenditures on health care ($617.22M), the health and fitness industry appears robust in Riverside, CA. Considering the projected growth in income to $122,599 by 2028 and a strong emphasis on personal care spending ($101.02M), investing in a fitness franchise could cater to the community’s focus on health and wellness. A health and fitness franchise could offer various services such as gyms, specialized fitness classes, or health food options, tapping into the evident consumer focus on health-related expenditures.
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The food industry presents a notable opportunity, with the annual food and beverage expenditures reaching approximately $1.1B in Riverside. The presence of 95,162 households as of 2023, a number that is projected to grow to 98,861 by 2028, illustrates a growing market for food services. A franchise in the fast-casual segment, offering quality, convenient dining options, could leverage this spending pattern.
The data shows a strong automotive presence, with 207,026 total vehicles available and an average of 2.2 vehicles per household. Owner-occupied households account for 70.2% of vehicles, averaging 2.4 vehicles per household. Considering the high rate of drive-alone commutes (73.8%) and the estimated average household net worth of $959,951, there is clear potential for automotive services franchises. Services like maintenance, repairs, and car washes could be in demand, capitalizing on the need for vehicle upkeep in a car-centric community.
Given that 62.5% of housing units are owner-occupied, and with a high median home value of $461,798, there's a substantial market for home services franchises. The spending on household operations ($298.24M) and the existence of older homes (median age of homes is 46.7 years) signal opportunities for renovation, landscaping, and maintenance franchises.
Explore the franchise listings below and take the first step towards a rewarding business venture.
Riverside, California Franchise Opportunities (and Businesses for Sale)
| Order | Franchise Name | Industry Name | Available Capital | ||
|---|---|---|---|---|---|
| 1 |  | Automated Investments | Business Opportunities | $100,000 | |
| 2 |  | SiteSwan Website Builder | Business Opportunities | $199 | |
| 3 |  | Health Atlast | Health & Fitness Franchises | $300,000 | |
| 4 |  | BrightStar Care | Senior Care Franchises | $100,000 | |
| 5 |  | Healthy YOU Vending | Vending Franchises | $25,000 | |
| 6 |  | Batteries Plus | Retail Franchises | $100,000 | |
| 7 |  | Zoomin Groomin | Pet Franchises | $90,000 | |
| 8 |  | My Business Venture | Computer & Internet Franchises | $10,000 | |
| 9 |  | Minuteman Press International | Printing, Copying, Shipping, Signs Franchises | $50,000 | |
| 10 |  | Pink's Window Service | Home Services & Repair Franchises | $50,000 |
Is Riverside Be the Right Place to Launch Your Franchise?
- What's the business landscape like in Riverside?
- Is there a reliable workforce for my franchise?
- Are operational costs affordable in Riverside?
- How financially stable is the community?
- What makes Riverside a great fit for franchise owners?
Question:What's the business landscape like in Riverside?
Answer:Riverside is home to 96,644 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 110,727 employed individuals, providing a steady and loyal workforce for franchise owners.
Question:Are operational costs affordable in Riverside?
Answer:Absolutely. With a median rent of $1,574, franchise owners in Riverside 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 Riverside is $115,167, supporting a stable and engaged customer base.
Question:What makes Riverside a great fit for franchise owners?
Answer:With 99,575 housing units and a strong sense of community, Riverside 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.