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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 | ||
Franchising Landscape
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.
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The 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.
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Tucson, Arizona Franchise Opportunities (and Businesses for Sale)
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