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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 Spokane, Washington | ||
| Data | Spokane, WA | Nationwide |
|---|---|---|
| Population | 232.32 thousand | 333.2 million |
| Proj. 5 Year Population Growth | -1.6796% | 0.5% |
| Median Household Income | $99,047 | $74,580 |
| Median Age | 35.91 | 38.9 |
| Residents per Business | 1 to 20 | 10 to 1 |
| Annual Household Expenditures | $6.7 billion | $23.9 trillion |
| City Data retrieved from https://sitesusa.com/Data | ||
Franchising Landscape
The food franchise industry appears promising in Spokane, WA, as the data shows a significant allocation of the annual consumer expenditure towards food and beverages ($983.94M). This is coupled with an average monthly household expenditure of $846 on food and beverages, representing 14.7% of the total monthly household expenditure. Given these figures, there's a clear demand for dining options, which could support both fast-casual and sit-down franchise restaurants.
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Health and fitness franchises also stand to benefit from the local economic profile. With health care consumer expenditures amounting to $562.78M annually, and personal care expenditures at $89.88M, there is evident attention to health and wellbeing in the community. This focus suggests that franchises offering health and fitness services, such as gyms, boutique fitness studios, or wellness centers, could find a receptive market.
The real estate franchise sector in Spokane could capitalize on the median home value of $356,037 and the fact that 64.1% of housing units are single detached units. With a homeowner-occupied rate of 61.1%, services related to home buying, selling, property management, or home improvement could see a demand. The growth in high-value homes, with 17.4% valued between $500,000 to $749,999, further emphasizes the potential for real estate services catering to a higher-end market.
Explore the franchise listings below and take the first step towards a rewarding business venture.
Spokane, Washington Franchise Opportunities (and Businesses for Sale)
| Order | Franchise Name | Industry Name | Available Capital | ||
|---|---|---|---|---|---|
| 1 |  | Apricot Lane | Retail Franchises | $80,000 | |
| 2 |  | PostalAnnex+ | Printing Packing & Shipping | $70,000 | |
| 3 |  | Automated Investments | Business Opportunities | $100,000 | |
| 4 |  | AAMCO Transmissions & Total Car Care | Auto Franchises | $90,000 | |
| 5 |  | American Business Systems, LLC | Financial Franchises | $30,000 | |
| 6 |  | FranServe - Become a Franchise Consultant! | Business Services Franchises | $50,000 | |
| 7 |  | FranDestiny | Business Services Franchises | $150,000 | |
| 8 |  | Batteries Plus | Retail Franchises | $100,000 | |
| 9 |  | My Business Venture | Computer & Internet Franchises | $10,000 | |
| 10 |  | ClaimTek Systems | Financial Franchises | $20,000 |
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