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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 Savannah, Georgia | ||
| Data | Savannah, GA | Nationwide |
|---|---|---|
| Population | 151.09 thousand | 333.2 million |
| Proj. 5 Year Population Growth | -6.2295% | 0.5% |
| Median Household Income | $84,434 | $74,580 |
| Median Age | 34.21 | 38.9 |
| Residents per Business | 1 to 14 | 10 to 1 |
| Annual Household Expenditures | $3.81 billion | $23.9 trillion |
| City Data retrieved from https://sitesusa.com/Data | ||
Franchising Landscape
The food industry is an area for potential growth in Savannah. Food and beverage expenditures amount to $560.82 million annually, which is a substantial segment of the city’s total annual consumer expenditure. Moreover, with a considerable portion of the population (12.1%) working from home, there is an opportunity for food franchises that offer delivery or takeout services tailored to this demographic.
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Real estate also shows potential in Savannah, given the median home value of $232,633 and a substantial portion of homes built from 2010 onward (10.4%). The housing market appears to be healthy and growing, with an 88.4% occupancy rate in housing units. A real estate franchise that focuses on property management or sales could capitalize on the ongoing development and housing needs, especially as the population is projected to grow by 9,715 (1.3%) from 2023 to 2028.
Lastly, the transportation sector could be promising due to the high transportation-related expenditures of $688 million. With 98,871 total vehicles available and 73.2% of the workforce driving to work alone, there is a clear reliance on personal vehicles, which suggests an opportunity for automotive franchises offering maintenance, repair, and car care services.
Explore the franchise listings below and take the first step towards a rewarding business venture.
Savannah, Georgia Franchise Opportunities (and Businesses for Sale)
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