Franchises for Sale in Chesapeake, Virginia
Chesapeake, Virginia 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
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
Here at The UPS Store franchise, we know first-hand how important a healthy work-life balance is. When you become an owner of a The UPS Store, you are assisted with finding the right balance as you pursue your entrepreneurial…
75k 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
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
To gain comprehensive insights into Chesapeake, Virginia, 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.
| Chesapeake, Virginia Demographic Insights | ||
| Households (2023) | 94,040 | |
| Households (2028) | 96,632 | |
| Population (2023) | 253,857 | |
| Population (2028) | 260,706 | |
| Per capita Income (2023) | $47,438 | |
| Total Household Expenditures | $7,815,872,228 | |
| Total Retail Expenditures | $3,681,256,926 | |
| Average Household Income (2023) | $127,338 | |
| Average Household Income (2028) | $134,254 | |
| City Data retrieved from https://sitesusa.com/Data | ||
Local Insights
Chesapeake, Virginia, offers a strong potential for food franchises due to a significant gap between potential and actual sales in this sector. With an estimated annual consumer expenditure of $1.31 billion on food and beverages and a projected increase in population to 261,866 by 2029, the market is ripe for new dining establishments. The retail gap report highlights a substantial opportunity in grocery stores, where potential sales ($533.17 million) far exceed actual sales ($243.96 million). Moreover, specialty food markets, such as fish and seafood markets, show a market gap with potential sales at $2.19 million versus actual sales of $277,530. This indicates a strong demand for diverse food offerings, making franchises in grocery, specialty foods, and restaurants particularly promising.
Read MoreThe home services sector in Chesapeake is another promising area for franchises, supported by the city's increasing number of households. With 94,769 households in 2024 and a projected growth to 98,319 by 2029, there is a rising demand for home maintenance and improvement services. The gap report underscores the opportunity in hardware stores, with potential sales at $10.32 million compared to actual sales of $4.87 million. Franchises in home cleaning, landscaping, and repair services can effectively tap into this market.
The business services sector in Chesapeake is poised for growth. With a total of 10,074 businesses employing 95,650 people in 2024, Chesapeake's vibrant business community creates a strong demand for support services. By providing essential services that help businesses operate efficiently and grow, franchises in the business services sector can tap into Chesapeake's economic landscape and contribute to its ongoing development.
Explore the franchise listings below and take the first step towards a rewarding business venture.
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As of November 22, 2024: