Please Confirm
Are you sure you wish to REMOVE from your request basket?
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.
Read More
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)
At Franchise Ventures, we prioritize transparency and objectivity to empower your franchise decisions. Unlike brokers or franchisors, our motivations are unclouded by financial incentives tied to your choices. We don't earn based on the franchise you opt for, instead, our mission is to present you with impartial insights. Navigate through a realm of franchising opportunities with information you can trust.