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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: Rochester, NY 2024 | ||
| Data | Rochester, NY | Nationwide |
|---|---|---|
| Population | 218.01 thousand | 333.2 million |
| Proj. 5 Year Population Growth | 2.5974% | 0.5% |
| Median Household Income | $69,678 | $74,580 |
| Median Age | 32.66 | 38.9 |
| Residents per Business | 1 to 31 | 10 to 1 |
| Annual Household Expenditures | $7.61 billion | $23.9 trillion |
| City Data retrieved from https://sitesusa.com/Data | ||
Franchising Landscape
The franchising landscape in Rochester, NY, is ripe for expansion in several key areas. With an estimated average household income of $75,767 in 2023, and a projected increase to $87,848 by 2028, there is a clear indicator of economic growth which can support new businesses. This financial stability is conducive for franchises in the home services industry. Given that Rochester has a significant number of older homes, with 46.3% built before 1939, there's a potential demand for home renovation and repair services. Franchises that offer modernization, energy efficiency upgrades, and general home maintenance could see substantial business.
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Rochester's data shows that 15.9% of the workforce works from home, which indicates a trend towards remote working. This shift can be a boon for the home-based franchise industry. Businesses that support remote work, like virtual office assistance, IT support, and home office supply companies, could find a thriving market.
The entertainment sector, with an annual expenditure of $289.05 million, combined with the substantial household income designated for education ($154.23 million annually), suggests an opportunity for education and entertainment franchises. This could encompass children’s educational programs, family entertainment centers, or edutainment franchises that blend learning with fun, catering to Rochester's family demographic.
Explore the franchise listings below and take the first step towards a rewarding business venture.
Rochester, New York Franchise Opportunities (and Businesses for Sale)
| Order | Franchise Name | Industry Name | Available Capital | ||
|---|---|---|---|---|---|
| 1 |  | GarageExperts | Home Services & Repair Franchises | $60,000 | |
| 2 |  | Zoomin Groomin | Pet Franchises | $90,000 | |
| 3 |  | American Business Systems, LLC | Financial Franchises | $30,000 | |
| 4 |  | Health Atlast | Health & Fitness Franchises | $300,000 | |
| 5 |  | Batteries Plus | Retail Franchises | $100,000 | |
| 6 |  | Healthy YOU Vending | Vending Franchises | $25,000 | |
| 7 |  | Automated Investments | Business Opportunities | $100,000 | |
| 8 |  | Fleet Services International | Auto Franchises | $100,000 | |
| 9 |  | Zoom Room | Pet Franchises | $200,000 | |
| 10 |  | SiteSwan Website Builder | Business Opportunities | $199 |
Is Rochester Be the Right Place to Launch Your Franchise?
- What's the business landscape like in Rochester?
- Is there a reliable workforce for my franchise?
- Are operational costs affordable in Rochester?
- How financially stable is the community?
- What makes Rochester a great fit for franchise owners?
Question:What's the business landscape like in Rochester?
Answer:Rochester is home to 95,245 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 100,517 employed individuals, providing a steady and loyal workforce for franchise owners.
Question:Are operational costs affordable in Rochester?
Answer:Absolutely. With a median rent of $918, franchise owners in Rochester 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 Rochester is $69,678, supporting a stable and engaged customer base.
Question:What makes Rochester a great fit for franchise owners?
Answer:With 100,094 housing units and a strong sense of community, Rochester 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.