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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: St. Louis, MO 2024 | ||
| Data | St. Louis, MO | Nationwide |
|---|---|---|
| Population | 282.99 thousand | 333.2 million |
| Proj. 5 Year Population Growth | 8.4475% | 0.5% |
| Median Household Income | $87,662 | $74,580 |
| Median Age | 36.46 | 38.9 |
| Residents per Business | 1 to 20 | 10 to 1 |
| Annual Household Expenditures | $11.32 billion | $23.9 trillion |
| City Data retrieved from https://sitesusa.com/Data | ||
Franchising Landscape
The housing market within a 5 mile radius of St. Louis, featuring a significant portion of homes built before 1939 (44.2%), presents a myriad of business opportunities for home improvement and repair franchises. The city’s rich architectural history is ripe for businesses specializing in restoration and modernization, tapping into the homeowner's pride and the city's preservation ethos. Additionally, the estimated 104,281 households in the area could be a steady source of clientele for interior design, landscaping, and smart home technology services, especially considering the strong owner-occupied median home value of $175,872.
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On the retail front, St. Louis's $2.87 billion total retail expenditure demonstrates a robust consumer market. Apparel franchises can tap into the $215.98 million spending in this category, while specialty food franchises can indulge in the substantial $908.3 million food and beverages market. With an overall monthly household retail expenditure of $2,296, franchises that align with consumer spending habits, ranging from budget to luxury segments, can strategically position themselves to capture the city's diverse demographics.
Entertainment franchises can leverage the $341.91 million expenditure on entertainment, offering experiences that cater to families, young professionals, and the student population. The city's penchant for culture and recreation, along with its increasing per capita income, suggests a population willing to spend on quality leisure activities.
Healthcare franchises, too, can find their niche in St. Louis, with residents spending $517.82 million on healthcare annually. This indicates a market with health-conscious consumers who may also be interested in wellness and fitness franchises, complementing the healthcare sector.
In summary, St. Louis’s vibrant economic landscape, characterized by significant investment in housing and a varied retail expenditure profile, presents fertile ground for business opportunities. From home services to health and entertainment, the city's increasing household incomes and per capita earnings signal a community ready to engage with a spectrum of franchising offerings.
Explore the franchise listings below and take the first step towards a rewarding business venture.
St. Louis, Missouri Franchise Opportunities (and Businesses for Sale)
| Order | Franchise Name | Industry Name | Available Capital | ||
|---|---|---|---|---|---|
| 1 |  | Healthy YOU Vending | Vending Franchises | $25,000 | |
| 2 |  | The Wendy's Company | Food & Restaurant | $500,000 | |
| 3 |  | Proper Ecom | Business Opportunities | $50,000 | |
| 4 |  | Automated Investments | Business Opportunities | $100,000 | |
| 5 |  | Batteries Plus | Retail Franchises | $100,000 | |
| 6 |  | GarageExperts | Home Services & Repair Franchises | $60,000 | |
| 7 |  | Zoomin Groomin | Pet Franchises | $90,000 | |
| 8 |  | Minuteman Press International | Printing, Copying, Shipping, Signs Franchises | $50,000 | |
| 9 |  | Blue Coast Savings Consultants | Financial Franchises | $70,000 | |
| 10 |  | Cooper's Scoopers | Pet Franchises | $40,000 |
Is St. Louis Be the Right Place to Launch Your Franchise?
- What's the business landscape like in St. Louis?
- Is there a reliable workforce for my franchise?
- Are operational costs affordable in St. Louis?
- How financially stable is the community?
- What makes St. Louis a great fit for franchise owners?
Question:What's the business landscape like in St. Louis?
Answer:St. Louis is home to 139,767 businesses, meaning franchise owners can enter a market with less direct competition and a more localized customer base.
Question:Is there a reliable workforce for my franchise?
Answer:Yes! The city has 176,756 employed individuals, providing a steady and loyal workforce for franchise owners.
Question:Are operational costs affordable in St. Louis?
Answer:Absolutely. With a median rent of $750, franchise owners in St. Louis can benefit from lower real estate costs, making it easier to secure commercial space.
Question:How financially stable is the community?
Answer:The average household income in St. Louis is $87,662, supporting a stable and engaged customer base.
Question:What makes St. Louis a great fit for franchise owners?
Answer:With 173,365 housing units and a strong sense of community, St. Louis provides a stable market where franchises can establish long-term success.
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.