Riverside, California Franchise Market Analysis
To gain comprehensive insights into Riverside, 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.
Riverside, California Demographic Insights | ||
Households (2023) | 95,162 | |
Households (2028) | 98,861 | |
Population (2023) | 314,935 | |
Population (2028) | 323,621 | |
Per capita Income (2023) | $35,989 | |
Total Household Expenditures | $7,530,242,335 | |
Total Retail Expenditures | $3,550,597,947 | |
Average Household Income (2023) | $117,982 | |
Average Household Income (2028) | $122,599 | |
City Data retrieved from https://sitesusa.com/Data |
Local Insights
With a homeownership rate of 62.5% and a significant portion of the homes being older (median age of homes at 46.7 years), there's an ongoing need for maintenance and upgrades in Riverside, California. The home services industry in Riverside could therefore see a rise in demand for renovation, landscaping, and eco-friendly home solutions. The high owner-occupied median home value of $461,798 signals a market that values property and is likely to invest in home upkeep.
Read MoreThe data shows that Riverside has a high number of households with vehicles (over 207,026 vehicles available) and an average of 2.2 vehicles per household. With most workers commuting by car (73.8% drive to work alone), there is a substantial market for automotive services. Franchises offering vehicle maintenance, repair services, and eco-friendly car care solutions could find significant opportunities in Riverside's automotive sector.
The retail sector in Riverside is robust, with an annual consumer expenditure of $3.55 billion. The gap report highlights specific opportunities in men's clothing stores and jewelry stores, where potential sales exceed actual sales by 57% and 47%, respectively. Franchises that can tap into these market gaps in Riverside are poised for success.
Explore the franchise listings below and take the first step towards a rewarding business venture.
Riverside, California Franchise Opportunities (and Businesses for Sale)
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
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
My Business Venture gives you the ability to start an online business from your home. We provide you access up to 1 million products & you chose up to 2,000 you want to feature on your website! MBV’s 10% Price Guarantee on…
3,995 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
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
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Most Popular Industries & Categories
As of May 16, 2024: