Franchises for Sale in Hampton, Virginia
Hampton, Virginia Franchise Opportunities (and Businesses for Sale)
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
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
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
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
To gain comprehensive insights into Hampton, 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.
| Hampton, Virginia Demographic Insights | ||
| Households (2023) | 58,296 | |
| Households (2028) | 58,790 | |
| Population (2023) | 138,778 | |
| Population (2028) | 142,250 | |
| Per capita Income (2023) | $40,675 | |
| Total Household Expenditures | $3,962,523,111 | |
| Total Retail Expenditures | $1,866,072,449 | |
| Average Household Income (2023) | $96,111 | |
| Average Household Income (2028) | $103,186 | |
| City Data retrieved from https://sitesusa.com/Data | ||
Local Insights
The automotive industry in Hampton offers substantial opportunities for franchisees. With a population of 138,778 and an average household income projected to grow from $96,111 in 2023 to $103,186 in 2028, there is a significant market for automotive services. The city's residents own an average of 1.7 vehicles per household, indicating a high demand for maintenance and repair services.
Read MoreThe health and fitness industry in Hampton is another sector with high potential for growth. The gap report indicates that potential sales for health and personal care stores are significantly higher than actual sales, with a notable gap in pharmacy and drug stores ($56.24 million potential vs. $39.79 million actual). With the increasing awareness and focus on health, there is a strong opportunity for fitness centers, wellness programs, and health-related services in Hampton.
The retail industry in Hampton shows significant potential, particularly in niche markets. According to the gap report, there are substantial opportunities in specific retail segments. For example, the potential sales for electronics and appliance stores are $31.23 million, while actual sales are only $10.22 million, indicating a significant market gap. Similarly, the nursery and garden store segment shows a large gap with potential sales of $10.38 million versus actual sales of $2.42 million. Investing in retail franchises that cater to these underserved segments can help fill these gaps and meet the community's needs.
Explore the franchise listings below and take the first step towards a rewarding business venture.
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