Birmingham, Alabama Franchise Market Analysis
To gain comprehensive insights into Birmingham, Alabama, 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.
Birmingham, Alabama Demographic Insights | ||
Households (2023) | 89,034 | |
Households (2028) | 86,840 | |
Population (2023) | 199,425 | |
Population (2028) | 191,277 | |
Per capita Income (2023) | $33,063 | |
Total Household Expenditures | $4,959,233,865 | |
Total Retail Expenditures | $2,327,017,554 | |
Average Household Income (2023) | $73,278 | |
Average Household Income (2028) | $81,619 | |
City Data retrieved from https://sitesusa.com/Data |
Local Insights
With Birmingham's data showing significant vehicle ownership, automotive services are likely in high demand. The presence of 143,673 vehicles in the city suggests that automotive services like repair shops, car washes, and quick-lube franchises could have a steady customer base. Given that the average household has 1.6 vehicles, the demand for automotive maintenance and repair services is likely substantial.
Read MoreThe healthcare and senior care industry in Birmingham is bolstered by an average household income of $73,278, which supports spending on health services. The annual consumer healthcare expenditure of $421.08 million in the city implies an existing and potentially growing market for franchises that offer healthcare and senior care services, particularly as the population ages.
Reflecting the need for home services, 57.9% of Birmingham households own their homes. With $1.06 billion spent on shelter annually by consumers, the data suggests a strong market for home improvement services. The gap report highlights a notable opportunity in the nursery and garden stores market, with potential sales of $12.93M compared to actual sales of $3.9M, suggesting a clear demand for franchises offering gardening and home renovation services to rejuvenate and maintain these residences.
Explore the franchise listings below and take the first step towards a rewarding business venture.
Birmingham, Alabama Franchise Opportunities (and Businesses for Sale)
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
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
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
ATAX Tax Service is your premier destination for comprehensive and reliable tax assistance.
40k 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
Crave is searching for franchise partners in the U.S. We are one of the fastest-growing Hot Dog franchises, winner of best southern BBQ, and expanding rapidly. If you want to own your own business and be your own boss, look…
70k Minimum Cash Required
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As of May 14, 2024: