Franchises for Sale in Akron, Ohio
Akron, Ohio Franchise Opportunities (and Businesses for Sale)
Automated Investments is the pillar of e-Commerce automation. Automated Investments build and operate profitable and hands off Amazon FBA (Fulfilled-By-Amazon) businesses for their clients and investors. While the clients and…
100k 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
Over 30 years of consistent growth. Ongoing support. Multiple revenue streams. Whether you’re looking into owning your very first store, or you’re interested in adding to your existing franchise portfolio, Batteries Plus…
100k Minimum Cash Required
Own a business that provides you the opportunity to help veterans, seniors, the disabled, caregivers, and others in your community. Keep them mobile by offering mobility products and equipment. Join Mobility Plus and start…
50k 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
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
To gain comprehensive insights into Akron, Ohio, 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.
| Akron, Ohio Demographic Insights | ||
| Households (2023) | 82,953 | |
| Households (2028) | 80,191 | |
| Population (2023) | 190,606 | |
| Population (2028) | 186,191 | |
| Per capita Income (2023) | $31,742 | |
| Total Household Expenditures | $4,609,734,709 | |
| Total Retail Expenditures | $2,172,373,164 | |
| Average Household Income (2023) | $72,422 | |
| Average Household Income (2028) | $81,398 | |
| City Data retrieved from https://sitesusa.com/Data | ||
Local Insights
Akron's automotive industry offers robust opportunities for potential franchisees, driven by a substantial demand for automotive services. The city's population of over 194,000 residents and 125,191 registered vehicles indicate a steady need for maintenance, repair, and related services. Franchisees can capitalize on this by offering specialized services such as tire repair, oil changes, and car detailing to meet the growing needs of Akron's car owners. Additionally, with the average household income projected to rise to $74,095 by 2029, residents could be more likely to invest more in maintaining their vehicles.
Read MoreAkron's clothing retail sector presents a lucrative opportunity for potential franchisees, driven by significant gaps between potential and actual sales. Specific categories such as family clothing stores and women's clothing stores show substantial gaps, with potential sales of $41.01 million and $15.42 million respectively, far exceeding their current sales. The children's and infants' clothing stores also present a notable opportunity, with potential sales of $6.54 million compared to a mere $135.12K in actual sales. This gap suggests a strong unmet demand in Akron's clothing market. Establishing retail franchises in this sector can help bridge the significant sales gap and tap into the growing purchasing power of Akron's residents.
The business services industry in Akron presents significant opportunities for franchisees, bolstered by the city's thriving business ecosystem and a high concentration of company headquarters. Akron is home to 6,945 businesses, including 289 company headquarters, which collectively employ 88,379 people. This diverse business landscape drives a substantial demand for professional services such as consulting, marketing, IT support, and human resources. The gap report underscores this potential, with notable discrepancies between potential and actual sales in various business service sectors. For instance, the demand for office supplies and stationary stores is projected to be $4.31 million, compared to actual sales of $1.6 million, indicating a significant market opportunity. The presence of numerous small to medium-sized enterprises (SMEs) in Akron fuels the need for services like bookkeeping, payroll management, and legal assistance. Franchisees can capitalize on this by offering specialized and high-quality business services, thereby addressing the substantial unmet demand and supporting the growth and success of Akron's dynamic business community.
Explore the franchise listings below and take the first step towards a rewarding business venture.
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