Franchises for Sale in Hampton, Virginia
Hampton, Virginia Franchise Opportunities (and Businesses for Sale)
| Order | Franchise Name | Industry Name | Available Capital | ||
|---|---|---|---|---|---|
| 1 |  | The UPS Store | Printing Packing & Shipping | $75,000 | |
| 2 |  | Automated Investments | Business Opportunities | $100,000 | |
| 3 |  | GarageExperts | Home Services & Repair Franchises | $60,000 | |
| 4 |  | Proper Ecom | Business Opportunities | $50,000 | |
| 5 |  | Zoomin Groomin | Pet | $90,000 | |
| 6 |  | Batteries Plus | Retail Franchises | $100,000 | |
| 7 |  | My Business Venture | Computer & Internet Franchises | $10,000 | |
| 8 |  | Mr. Electric | Home Services & Repair Franchises | $65,000 | |
| 9 |  | Lightspeed Restoration | Home Services & Repair Franchises | $100,000 | |
| 10 |  | Glass Doctor | Auto Franchises | $50,000 |
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 (2024) | 58,290 | |
| Households (2029) | 56,382 | |
| Population (2024) | 137,817 | |
| Population (2029) | 132,897 | |
| Per capita Income (2024) | $38,634 | |
| Total Household Expenditures | $5,300,134,830 | |
| Total Retail Expenditures | $2,682,039,480 | |
| Average Household Income (2024) | $90,726 | |
| Average Household Income (2029) | $93,546 | |
| 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.
Could Hampton Be the Perfect Spot for Your Franchise?
- Is Hampton a financially stable market for a franchise?
- How big is the customer base in Hampton?
- What's the spending potential of Hampton?
- Is there a workforce to support franchise operations?
- What about the financial stability of the community?
- How stable is the housing market in Hampton?
- Why should I consider a franchise in Hampton?
Is Hampton a financially stable market for a franchise?
With a median household income of $66,297 and 31,022 owner-occupied homes, Hampton reflects a community with stable earning potential and long-term investment in the area. Local spending habits, totaling $5.3 billion annually, highlight consistent demand for goods and services.
How big is the customer base in Hampton?
Hampton has 137,817 residents and 58,290 households, providing a solid customer base. With fewer competing businesses, franchises have greater opportunities to build strong brand loyalty and establish a trusted presence in the community.
What's the spending potential of Hampton?
Residents contribute $5.3 billion annually in household expenditures. This suggests an opportunity to serve unmet needs or provide unique offerings tailored to the community.
Is there a workforce to support franchise operations?
Yes! Hampton has 32,534 employed individuals, providing a dependable labor pool. With a strong sense of community and fewer competing employers, businesses often benefit from higher employee retention and a committed workforce.
What about the financial stability of the community?
With a median household income of $66,297, Hampton offers a cost-effective market where franchises can succeed by offering affordable, value-driven options.
How stable is the housing market in Hampton?
With 31,022 owner-occupied homes, Hampton reflects a community invested in local growth, offering fertile ground for franchises that prioritize local engagement.
Why should I consider a franchise in Hampton?
While the market is smaller, fewer competitors, lower operating costs, and strong community ties make Hampton an ideal location for businesses offering essential services or niche products.
Explore the franchise listings below and take the first step towards a rewarding business venture.
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As of February 22, 2025: