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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 Tucson, Arizona | ||
Data | Tucson, AZ | Nationwide |
---|---|---|
Population | 542.25 thousand | 333.2 million |
Proj. 5 Year Population Growth | -4.5631% | 0.5% |
Median Household Income | $83,481 | $74,580 |
Median Age | 34.34 | 38.9 |
Residents per Business | 1 to 23 | 10 to 1 |
Annual Household Expenditures | $13.66 billion | $23.9 trillion |
City Data retrieved from https://sitesusa.com/Data |
Examining the demographic data for Tucson, AZ, the automotive franchise industry stands out as a strong contender. The distribution of household vehicles shows that 38.9% of households have one vehicle available, while 34.3% have two, and 17.7% have three or more, totaling 372,154 vehicles available in the area. This density of vehicle ownership, coupled with an average of 1.7 vehicles per household, demonstrates a dependency on personal transportation that automotive franchises in repair, maintenance, or car sales could service effectively.
Read MoreThe food franchise industry could also capitalize on Tucson’s economic landscape. With an annual consumer expenditure on food and beverages at a robust $2.02 billion, there is a clear demand for food services. The population density of 2,249 persons per square mile, along with the total retail expenditure of $6.44 billion, points to a thriving market for both quick service and sit-down food franchises.
Lastly, the home services franchise industry is another sector to consider. With a total of 246,881 housing units and a median home value of $235,418, there is potential for franchises that offer home improvement, maintenance, and repair services. The data showing a homeowner median age of homes at 44.3 years suggests that a number of properties may require updates and renovations. Additionally, the significant household operations expenditure of $534.15 million further supports the notion that homeowners in Tucson are willing to invest in maintaining and improving their homes.
Explore the franchise listings below and take the first step towards a rewarding business venture.
Order | Franchise Name | Industry Name | Available Capital | ||
---|---|---|---|---|---|
1 | American Business Systems, LLC | Financial Franchises | $30,000 | ||
2 | Automated Investments | Business Opportunities | $100,000 | ||
3 | PostalAnnex+ | Printing Packing & Shipping | $70,000 | ||
4 | Ledgers | Financial Franchises | $50,000 | ||
5 | Batteries Plus | Retail Franchises | $100,000 | ||
6 | FranServe - Become a Franchise Consultant! | Business Services Franchises | $50,000 | ||
7 | AAMCO Transmissions & Total Car Care | Auto Franchises | $90,000 | ||
8 | Healthy YOU Vending | Vending Franchises | $25,000 | ||
9 | FranDestiny | Business Services Franchises | $150,000 | ||
10 | Fleet Services International | Auto Franchises | $100,000 |
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.
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