Lawrenceville, Georgia Franchise Market Analysis
To gain comprehensive insights into Lawrenceville, Georgia, 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.
Lawrenceville, Georgia Demographic Insights | ||
Households (2023) | 11,273 | |
Households (2028) | 12,655 | |
Population (2023) | 31,880 | |
Population (2028) | 35,382 | |
Per capita Income (2023) | $34,370 | |
Total Household Expenditures | $772,401,385 | |
Total Retail Expenditures | $365,013,202 | |
Average Household Income (2023) | $96,871 | |
Average Household Income (2028) | $92,198 | |
City Data retrieved from https://sitesusa.com/Data |
Local Insights
The automotive industry in Lawrenceville offers significant potential for franchisees. With an estimated population of 31,880 in 2023, projected to grow to 35,382 by 2028, there is a continuous increase in the number of vehicles on the road. The data shows that 61.5% of households are owner-occupied, with an average of 2.1 vehicles per owner-occupied household, suggesting a strong demand for automotive services such as repairs, maintenance, and car washes. Additionally, the total number of vehicles available is approximately 20,354, further highlighting the market opportunity.
Read MoreLawrenceville's commercial environment makes the business services sector a highly attractive option for franchisees. The city hosts 3,714 businesses employing 25,928 individuals, demonstrating a vibrant business community. The data shows that there are 11,273 households with an average household income of $96,871, indicating a relatively affluent market that can benefit from specialized business services such as consulting, marketing, IT support, and financial advisory.
The food industry in Lawrenceville offers opportunity for franchisees, driven by consumer spending. The data reveals that Lawrenceville's residents spend significantly on food and beverages, with a total annual expenditure of $114.23 million. The gap report underscores the potential within this sector, highlighting areas where demand exceeds supply. For instance, grocery stores have a potential sales value of $47.66 million compared to actual sales of $28.54 million, indicating a substantial opportunity for new grocery franchises to fill this gap. Similarly, liquor stores show potential sales of $2.21 million versus actual sales of $196.18 thousand, suggesting a potentially lucrative market for new entrants.
Explore the franchise listings below and take the first step towards a rewarding business venture.
Lawrenceville, Georgia Franchise Opportunities (and Businesses for Sale)
VOTED TOP PART TIME - WORK AT HOME BUSINESS! Are You Looking to Make an Additional $100,000 in the Next 12 Months - No Employees to Hire - No Equipment to Rent/Buy - No Office/Warehouse to Rent/Lease - Start Making money in…
30k 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
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
Today's busy lifestyles demand the services PostalAnnex+ offers. Capitalize on this demand and open your own business!! After retiring from the printing business PostalAnnex+ founder Jack Lentz began working out of his…
70k 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
ATAX Tax Service is your premier destination for comprehensive and reliable tax assistance.
40k Minimum Cash Required
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