Franchises for Sale in Chesapeake, Virginia
Chesapeake, Virginia Franchise Opportunities (and Businesses for Sale)
| Order | Franchise Name | Industry Name | Available Capital | ||
|---|---|---|---|---|---|
| 1 |  | The UPS Store | Printing Packing & Shipping | $75,000 | |
| 2 |  | Batteries Plus | Retail Franchises | $100,000 | |
| 3 |  | Proper Ecom | Business Opportunities | $50,000 | |
| 4 |  | Automated Investments | Business Opportunities | $100,000 | |
| 5 |  | Zoomin Groomin | Pet | $90,000 | |
| 6 |  | GarageExperts | Home Services & Repair Franchises | $60,000 | |
| 7 |  | Blue Coast Savings Consultants | Financial Franchises | $70,000 | |
| 8 |  | My Business Venture | Computer & Internet Franchises | $10,000 | |
| 9 |  | Mr. Electric | Home Services & Repair Franchises | $65,000 | |
| 10 |  | Poolwerx | Home Services & Repair Franchises | $80,000 |
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 (2024) | 94,700 | |
| Households (2029) | 97,872 | |
| Population (2024) | 255,231 | |
| Population (2029) | 262,723 | |
| Per capita Income (2024) | $47,229 | |
| Total Household Expenditures | $11,142,780,800 | |
| Total Retail Expenditures | $5,467,978,000 | |
| Average Household Income (2024) | $127,188 | |
| Average Household Income (2029) | $132,225 | |
| 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.
Chesapeake has a thriving local economy, supported by 62,076 employed individuals contributing to business growth and consumer demand. The median household income of $97,795 reflects steady earning potential, allowing residents to invest in goods, services, and local businesses. Additionally, with 65,698 owner-occupied homes, Chesapeake demonstrates strong residential stability and long-term community engagement.
Residents collectively contribute $11.14 billion in annual household expenditures, showcasing high demand for goods and services. With a population of 255,231 and 94,700 households, Chesapeake provides a large and diverse customer base that supports businesses across various industries.
For franchise owners looking for scalability, a strong workforce, and broad consumer reach, Chesapeake presents an exceptional business environment with ample growth opportunities.
Explore the franchise listings below and take the first step towards a rewarding business venture.
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As of February 22, 2025: