Baton Rouge, Louisiana Franchise Market Analysis
To gain comprehensive insights into Baton Rouge, Louisiana, 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.
Baton Rouge, Louisiana Demographic Insights | ||
Households (2023) | 89,319 | |
Households (2028) | 86,150 | |
Population (2023) | 224,986 | |
Population (2028) | 215,354 | |
Per capita Income (2023) | $36,313 | |
Total Household Expenditures | $5,740,658,070 | |
Total Retail Expenditures | $2,687,505,993 | |
Average Household Income (2023) | $90,435 | |
Average Household Income (2028) | $102,001 | |
City Data retrieved from https://sitesusa.com/Data |
Local Insights
Baton Rouge's consumer spending on household operations amounts to $227.42 million annually, with a substantial owner-occupied housing market (over 54% of total housing). This opens opportunities for franchises that provide home improvement, maintenance, and repair services. With the homeowner demographic solidly in place, a franchise in this industry could leverage the growing need for these services in Baton Rouge.
Read MoreBaton Rouge's retail market reveals a striking opportunity for cosmetic and beauty franchises. The current potential sales of $4.76 million starkly outpace the actual sales of $1.16 million, indicating a substantial market ready to be captured. For franchises specializing in cosmetics and beauty, this gap represents a significant chance to fill a niche in a community with an average household income of $90,435.
The business environment in Baton Rouge is ripe for franchises that specialize in business services. With a robust foundation of 13,535 total businesses, including 516 company headquarters, the city has a significant concentration of commercial activity that necessitates a variety of professional support services. Moreover, these businesses contribute to a substantial employee base of 145,784 individuals, amplifying the demand for business-to-business (B2B) services. A franchise offering in business services—from IT and cybersecurity solutions to staffing and consulting—can leverage this vibrant ecosystem. Franchises that can position themselves as integral partners to these companies have the potential to tap into Baton Rouge's flourishing commercial sector.
Explore the franchise listings below and take the first step towards a rewarding business venture.
Baton Rouge, Louisiana 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
Lawn Pride is a rapidly growing lawn care franchise, but you don't have to get your hands dirty to be an owner. Operating within a growing and recession-resilient industry that provides in-demand services, franchise…
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
ATAX Tax Service is your premier destination for comprehensive and reliable tax assistance.
40k 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
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As of May 16, 2024: