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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 Shreveport, Louisiana | ||
| Data | Shreveport, LA | Nationwide |
|---|---|---|
| Population | 180.17 thousand | 333.2 million |
| Proj. 5 Year Population Growth | 7.0404% | 0.5% |
| Median Household Income | $82,541 | $74,580 |
| Median Age | 37.56 | 38.9 |
| Residents per Business | 1 to 19 | 10 to 1 |
| Annual Household Expenditures | $4.62 billion | $23.9 trillion |
| City Data retrieved from https://sitesusa.com/Data | ||
Franchising Landscape
Shreveport, LA has an estimated population of 180,166 as of 2023 with an average household income of $82,541. Considering the total annual consumer expenditure on food and beverages is $679.51 million, which is about 14.7% of the total household expenditure, there's a clear demand for food-related businesses. This is further emphasized by the presence of 76,650 households, a significant number of which are likely to seek dining and food retail options. Given these factors, food franchises, particularly those offering convenience and quality, such as fast-casual restaurants or specialty food stores that cater to the local tastes and preferences, have the potential for success in this market.
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With an annual expenditure of $389.34 million on health care, accounting for 8.4% of total household expenditure, franchises in the health and fitness sector could be lucrative. This is supported by the estimated average household net worth of $368,030, indicating that a portion of the population has the financial means to spend on health and wellness services. Fitness centers, wellness spas, and franchises offering health-related products could benefit from the residents' spending power and focus on health.
Considering the fact that 84.9% of housing units are occupied, and there is a significant number of households with vehicles (11.4% have no vehicle, 43.1% have one vehicle, and 45.3% have two or more vehicles), an automotive franchise could serve a broad customer base in Shreveport. The transportation expenditure is substantial at $828.24 million annually, which shows the community's reliance on vehicles. Automotive service franchises, offering maintenance, repair, and parts could be in high demand, tapping into the routine needs of vehicle owners.
Explore the franchise listings below and take the first step towards a rewarding business venture.
Shreveport, Louisiana Franchise Opportunities (and Businesses for Sale)
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