Franchises for Sale in Albany, New York
Albany, New York Franchise Opportunities (and Businesses for Sale)
| Order | Franchise Name | Industry Name | Available Capital | ||
|---|---|---|---|---|---|
| 1 |  | Batteries Plus | Retail Franchises | $100,000 | |
| 2 |  | 1-800-PLUMBER +AIR | Home Services & Repair Franchises | $100,000 | |
| 3 |  | Mobility Plus Stores | Retail Franchises | $50,000 | |
| 4 |  | Zoomin Groomin | Pet | $90,000 | |
| 5 |  | Automated Investments | Business Opportunities | $100,000 | |
| 6 |  | American Business Systems, LLC | Financial Franchises | $30,000 | |
| 7 |  | My Business Venture | Computer & Internet Franchises | $10,000 | |
| 8 |  | Blue Coast Savings Consultants | Financial Franchises | $70,000 | |
| 9 |  | The Learning Experience | Education | $150,000 | |
| 10 |  | Apricot Lane | Retail | $80,000 |
To gain comprehensive insights into Albany, 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.
| Albany, New York Demographic Insights | ||
| Households (2024) | 43,645 | |
| Households (2029) | 45,338 | |
| Population (2024) | 103,406 | |
| Population (2029) | 104,589 | |
| Per capita Income (2024) | $35,732 | |
| Total Household Expenditures | $3,627,379,595 | |
| Total Retail Expenditures | $1,773,078,125 | |
| Average Household Income (2024) | $82,888 | |
| Average Household Income (2029) | $85,757 | |
| City Data retrieved from https://sitesusa.com/Data | ||
Local Insights
Albany's automotive industry presents a compelling opportunity for franchisees. With an estimated population of 102,934 and 43,624 households, the demand for automotive services is significant. The city's high rate of vehicle ownership, averaging 1.2 vehicles per household, underscores this need. The gap report reveals potential sales for auto parts and accessories at $15.52 million, but actual sales are only $12.53 million. Additionally, tire dealers have a potential of $10.38 million compared to actual sales of $3.92 million, highlighting a substantial market gap. Investing in automotive franchises in Albany can bridge this gap, meeting the needs of the local population and tapping into a profitable market.
Read MoreThe home services industry in Albany is thriving, driven by a strong housing market and homeowner demand for maintenance and improvement services. Albany's housing stock includes a significant number of older homes, with 32.7% built before 1939, necessitating regular upkeep and renovations. The gap report shows potential sales in hardware stores at $2.93 million, with actual sales falling short at $97,000. This significant disparity points to an under-served market. Franchises offering comprehensive home services, such as repairs, renovations, and landscaping, can meet this demand and capture a substantial share of the market in Albany.
The retail sector in Albany is evolving, supported by a growing population and increasing consumer expenditure. With an estimated total consumer expenditure of $2.71 billion in 2024, including $1.27 billion in retail expenditures, the market is ripe for new franchises. There is a clear opportunity for retail franchises to capture this spending by offering unique products and exceptional customer service.
Could Albany Be the Perfect Spot for Your Franchise?
- How large is the customer base in Albany?
- What's the spending potential of Albany?
- Is there a workforce to support franchise operations?
- What about the financial stability of the community?
- How stable is the housing market in Albany?
- Why should I consider a franchise in Albany?
How large is the customer base in Albany?
Albany has a population of 103,406 and 43,645 households. While smaller than major metropolitan areas, this means your franchise can enjoy a tight-knit, loyal customer base with less competition.
What's the spending potential of Albany?
Residents contribute $3.63 billion annually in household expenditures. This suggests an opportunity to serve unmet needs or provide unique offerings tailored to the community.
Is there a workforce to support franchise operations?
Yes! Albany has 28,359 employed individuals. For franchises requiring smaller teams, this creates an ideal opportunity to attract and retain local talent.
What about the financial stability of the community?
With a median household income of $56,991, Albany offers a cost-effective market where franchises can succeed by offering affordable, value-driven options.
How stable is the housing market in Albany?
With 15,016 owner-occupied homes, Albany reflects a community invested in local growth, offering fertile ground for franchises that prioritize local engagement.
Why should I consider a franchise in Albany?
Smaller cities like Albany are perfect for businesses seeking to establish strong local roots, capitalize on lower costs, and meet specific community needs. With less competition and plenty of opportunity, Albany could be the foundation for long-term franchise success.
Explore the franchise listings below and take the first step towards a rewarding business venture.
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As of February 4, 2025: