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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 Sparks, Nevada | ||
| Data | Sparks, NV | Nationwide |
|---|---|---|
| Population | 108.69 thousand | 333.2 million |
| Proj. 5 Year Population Growth | -1.3561% | 0.5% |
| Median Household Income | $119,142 | $74,580 |
| Median Age | 36.6 | 38.9 |
| Residents per Business | 1 to 34 | 10 to 1 |
| Annual Household Expenditures | $3.28 billion | $23.9 trillion |
| City Data retrieved from https://sitesusa.com/Data | ||
Franchising Landscape
Sparks, Nevada has a significant total household expenditure on food and beverages, amounting to $480.62 million annually. This indicates a strong market for food-related businesses.
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The total household expenditure on health care in Sparks is $272.3 million annually. This suggests that there is a demand for health-related services and products. Franchise opportunities in the health care sector, such as fitness centers, could thrive in this market.
The total retail expenditure in Sparks amounts to $1.55 billion annually. This indicates a robust retail market with potential opportunities for various retail franchises. With a median household income projected to increase to $129,074 by 2028, there could be significant purchasing power among residents, supporting retail businesses in the city.
Sparks residents also spend $187.5 million annually on entertainment. This suggests a demand for leisure activities and entertainment options. Franchise opportunities in the entertainment industry, such as cinemas, arcades, or family entertainment centers, could cater to this demand and capitalize on the city's consumer spending habits.
Explore the franchise listings below and take the first step towards a rewarding business venture.
Sparks, Nevada Franchise Opportunities (and Businesses for Sale)
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