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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 Scottsdale, Arizona | ||
| Data | Scottsdale, AZ | Nationwide |
|---|---|---|
| Population | 254.93 thousand | 333.2 million |
| Proj. 5 Year Population Growth | -7.6447% | 0.5% |
| Median Household Income | $174,987 | $74,580 |
| Median Age | 46.59 | 38.9 |
| Residents per Business | 1 to 9 | 10 to 1 |
| Annual Household Expenditures | $13.69 billion | $23.9 trillion |
| City Data retrieved from https://sitesusa.com/Data | ||
Franchising Landscape
Analyzing the demographic and economic data for Scottsdale, AZ, several franchise industries stand out as having significant potential. The estimated average household income in 2023 is a robust $174,987, which suggests that there is disposable income available for discretionary spending. This factor, combined with an average net household worth of $1.62 million, points to a financially healthy population that could support high-end retail franchises. With the average home value standing at $548,765, there is evidence that the population invests in their living spaces, which would also suggest a market for home services franchises that specialize in home improvement, landscaping, and maintenance.
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The substantial projected growth in both population and households, with an expected increase of 20,263 (1.6%) in population and 10,941 (1.7%) in households by 2028, signals a growing market. This demographic expansion can translate into a rising demand for real estate services, including brokerage and property management franchises. The growth suggests an influx of new residents and an increased need for services to assist these individuals and families in finding and settling into new homes.
Scottsdale's high level of vehicle ownership, with 62.8% of households owning at least one vehicle, and an average of 1.8 vehicles per household, underscores the potential for automotive franchises. Given the annual household operations expenditure of $558.1 million, franchises that offer automotive repair, maintenance, and detailing services could find a receptive customer base. These services would be particularly appealing to the 40.7% of households with two vehicles, who may require more frequent vehicle servicing.
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Scottsdale, Arizona Franchise Opportunities (and Businesses for Sale)
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