Long Beach, California Franchise Market Analysis
To gain comprehensive insights into Long Beach, California, 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.
Long Beach, California Demographic Insights | ||
Households (2023) | 168,498 | |
Households (2028) | 165,000 | |
Population (2023) | 458,133 | |
Population (2028) | 440,395 | |
Per capita Income (2023) | $44,091 | |
Total Household Expenditures | $13,375,910,434 | |
Total Retail Expenditures | $6,268,637,834 | |
Average Household Income (2023) | $119,012 | |
Average Household Income (2028) | $133,430 | |
City Data retrieved from https://sitesusa.com/Data |
Local Insights
With the vast majority (92.6%) of housing units occupied and a solid median home value of $668,066, Long Beach homeowners are potential clients for home services. This is complemented by the opportunity in Building Materials, Garden Equipment and Supplies Dealers, which shows potential sales of $338.08 million compared to actual sales of $160.54 million. A franchise that offers home improvements and eco-friendly solutions can cater to homeowners invested in maintaining or enhancing their property values.
Read MoreThe presence of 287,280 total vehicles and the fact that 38.2% of households have only one vehicle open up opportunities in the automotive service industry. The Motor Vehicle and Parts Dealers sector has potential sales of $1.24 billion against actual sales of only $808.08 million. This significant gap suggests a strong market for automotive maintenance, repair, and car wash franchises.
Long Beach's vibrant economy suggests an unmet demand for professional business services. The data indicates there are 16,362 total businesses with a workforce of 153,253 employees, demonstrating a substantial market for services that support business operations. Particularly, with the growth of home-based businesses and an increasing number of people working remotely, as suggested by the 20.6% of workers operating from home, services like virtual administration, digital marketing, and IT support could see a surge in demand. Franchise opportunities that cater to these needs—providing anything from consulting and coaching to printing and logistics—could fill existing gaps and thrive in this business-savvy environment.
Explore the franchise listings below and take the first step towards a rewarding business venture.
Long Beach, California 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
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
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
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
American Business Systems has been America's Leader in Medical Billing with Unparalleled Training, and Support for over 25 years. $100k Potential working from anywhere, full-time or part-time. Learn more about this…
30k 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
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As of May 16, 2024: