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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 Visalia, California | ||
| Data | Visalia, CA | Nationwide |
|---|---|---|
| Population | 146.76 thousand | 333.2 million |
| Proj. 5 Year Population Growth | -0.9379% | 0.5% |
| Median Household Income | $113,733 | $74,580 |
| Median Age | 31.57 | 38.9 |
| Residents per Business | 1 to 32 | 10 to 1 |
| Annual Household Expenditures | $3.59 billion | $23.9 trillion |
| City Data retrieved from https://sitesusa.com/Data | ||
Franchising Landscape
The data for Visalia, CA, indicates a stable economic landscape with potential areas for franchise growth. With an estimated average household income of $113,733 in 2023 and a projected increase to $121,461 by 2028, the financial capacity of residents is robust. This suggests a favorable environment for premium service-based franchises such as home services and business services. The home services industry could particularly thrive, considering the high homeownership rate (58.3% owner-occupied homes) and a median home value of $292,621. Franchises offering renovation, landscaping, and maintenance services could find a receptive market in Visalia.
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Visalia's transportation data shows that a significant portion of the population, 76.6%, drives to work alone, indicating a dependence on personal vehicles. This reliance is further emphasized by the 93,428 total vehicles available in the area. Therefore, automotive franchises, which could range from repair shops to part stores, should see a consistent demand. With 41.4% of households having two vehicles and an average of 2.0 vehicles per household, the need for automotive maintenance and services is likely to be substantial.
The education sector also presents a promising opportunity for franchising. Visalia residents allocate $112.52 million annually to education, revealing a community invested in learning and development. With the census showing a sizable percentage of households with children—17.3% with three-person households and 16.6% with four-person households—educational franchises that offer tutoring services or supplemental educational programs could meet a critical need in the community.
Explore the franchise listings below and take the first step towards a rewarding business venture.
Visalia, California Franchise Opportunities (and Businesses for Sale)
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