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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: Toledo, OH 2024 | ||
| Data | Toledo, OH | Nationwide |
|---|---|---|
| Population | 270.71 thousand | 333.2 million |
| Proj. 5 Year Population Growth | 3.0113% | 0.5% |
| Median Household Income | $64,581 | $74,580 |
| Median Age | 35.05 | 38.9 |
| Residents per Business | 1 to 30 | 10 to 1 |
| Annual Household Expenditures | $8.83 billion | $23.9 trillion |
| City Data retrieved from https://sitesusa.com/Data | ||
Franchising Landscape
Based on the demographic and economic data provided for Toledo, OH, several franchise opportunities appear to be well-suited for the city's current landscape.
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The automotive industry shows potential, given the data on household vehicles in Toledo. There are 116,374 households, and a significant percentage of these (42.1%) have one vehicle available, while 32.7% have two vehicles. This indicates a high level of car ownership and possibly the need for automotive services. With an average of 1.5 vehicles per household and an estimated 179,704 total vehicles available, services such as maintenance, repairs, and car washes could be in demand, making automotive franchises a viable option.
The food industry, particularly fast-casual dining or specialty food services, could also be successful in Toledo. With a total annual consumer expenditure on food and beverages of $928 million, it's clear that Toledo residents allocate a significant portion of their budget to eating out. A franchise that offers quality, convenience, and value could tap into this market.
Lastly, considering the housing data, home services franchises can also be a good fit in Toledo. A majority of housing units are single-detached homes (68.9%), and with the median age of homes being 64.8 years, there's likely a continuous need for home improvement and maintenance services.
Explore the franchise listings below and take the first step towards a rewarding business venture.
Toledo, Ohio Franchise Opportunities (and Businesses for Sale)
| Order | Franchise Name | Industry Name | Available Capital | ||
|---|---|---|---|---|---|
| 1 |  | Building Kidz School | Child Related Franchises | $200,000 | |
| 2 |  | Healthy YOU Vending | Vending Franchises | $25,000 | |
| 3 |  | Wealth Automators | Computer & Internet Franchises | $60,000 | |
| 4 |  | The Back Nine Golf | Sports & Recreation | $60,000 | |
| 5 |  | E-Commerce Future USA | Business Opportunities | $30,000 | |
| 6 |  | Automated Investments | Business Opportunities | $100,000 | |
| 7 |  | SiteSwan Website Builder | Business Opportunities | $199 | |
| 8 |  | Blue Coast Savings Consultants | Financial Franchises | $70,000 | |
| 9 |  | My Business Venture | Computer & Internet Franchises | $10,000 | |
| 10 |  | Ready My Property | Home Services & Repair Franchises | $100,000 |
Is Toledo the Right Place to Launch Your Franchise?
- What's the business landscape like in Toledo?
- Is there a reliable workforce for my franchise?
- Are operational costs affordable in Toledo?
- How financially stable is the community?
- What makes Toledo a great fit for franchise owners?
Question:What's the business landscape like in Toledo?
Answer:Toledo is home to 119,235 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 111,467 employed individuals, providing a steady and loyal workforce for franchise owners.
Question:Are operational costs affordable in Toledo?
Answer:Absolutely. With a median rent of $686, franchise owners in Toledo 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 Toledo is $64,581, supporting a stable and engaged customer base.
Question:What makes Toledo a great fit for franchise owners?
Answer:With 131,784 housing units and a strong sense of community, Toledo 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.