Buffalo, New York Franchise Market Analysis
To gain comprehensive insights into Buffalo, New York, consider these figures in the table below, which include demographic segments, household dynamics, and financial averages, all pivotal in assessing the viability and promise of your franchise endeavor.
Buffalo, New York Demographic Insights | ||
Households (2023) | 119,073 | |
Households (2028) | 113,217 | |
Population (2023) | 264,896 | |
Population (2028) | 249,883 | |
Per capita Income (2023) | $35,005 | |
Total Household Expenditures | $6,927,645,707 | |
Total Retail Expenditures | $3,250,323,774 | |
Average Household Income (2023) | $77,379 | |
Average Household Income (2028) | $88,569 | |
City Data retrieved from https://sitesusa.com/Data |
Local Insights
Buffalo's reliance on automobiles is demonstrated by the fact that 66.6% of the workforce commutes alone by car. There’s a significant opportunity in the automotive industry, with potential sales in the motor vehicle and parts dealers sector estimated at $626.91 million, more than double the actual sales of $314.07 million. Considering there are 119,073 households in the city, there is a substantial market for automotive franchises specializing in repair, maintenance, and parts services.
Read MoreBuffalo's annual food and beverage consumer expenditure stands at over $1.03 billion, indicative of a robust market for food franchises. The potential in specialized sectors like fruit and vegetable markets—which shows a potential of $3 million against actual sales of approximately $189.99 thousand—suggests there are unexplored niches in the food industry. With a median household income of $50,366, franchises that innovate within the food sector, particularly those offering fresh and healthy options, have the potential to carve out a successful niche.
The age of Buffalo's housing stock, with a median home age of 75.4 years, points to a demand for home services franchises. The significant homeownership rate of 56.3% further supports the need for services ranging from basic repairs to full-scale renovations. Franchises that can offer solutions for home improvements, energy efficiency upgrades, and modifications for aging homes could find a receptive market in Buffalo.
Explore the franchise listings below and take the first step towards a rewarding business venture.
Buffalo, New York Franchise Opportunities (and Businesses for Sale)
Crave is searching for franchise partners in the U.S. We are one of the fastest-growing Hot Dog franchises, winner of best southern BBQ, and expanding rapidly. If you want to own your own business and be your own boss, look…
70k Minimum Cash Required
At Angora, we have developed the #1 system for building, launching & scaling ecommerce stores. We know success lies in creating a simple, replicable process, and as such have built our process around it. Because of this, no…
60k Minimum Cash Required
Sniffing around for a great new opportunity? Zoomin Groomin is expanding our Mobile Pet Grooming business nationwide. Set your own schedule, be your own boss and work with pets all day. We’ll be right by your side, every…
100k Minimum Cash Required
Exclusive territory. #1 Industry leader since 2001. 100% financing for U.S. citizens who qualify* plus software package with complete training. $100K 1st year profit potential. National alliances...
80k Minimum Cash Required
Did you know you could partner with a company to build out your entire e-commerce store, from product research to inventory acquisition to marketing? Yep! You can easily make 6-7 figures in passive income when we build your…
30k Minimum Cash Required
ATAX Tax Service is your premier destination for comprehensive and reliable tax assistance.
40k Minimum Cash Required
At Franchise Gator, 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.
Most Popular Industries & Categories
As of May 16, 2024: