Franchises for Sale in Lexington, Kentucky
Lexington, Kentucky 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
Ledgers offers tax, payroll, compliance, and business advisory services to owners of small businesses and individuals desiring a full-service provider through its franchised locations.
50k 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
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
The #1 women’s fashion franchise. We train our franchisees to be THE fashion destination in their local market, bringing in new styles earlier and more often than any competitor, all at reasonable prices, and ultimately win…
80k Minimum Cash Required
To gain comprehensive insights into Lexington, Kentucky, 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.
| Lexington, Kentucky Demographic Insights | ||
| Households (2023) | 137,294 | |
| Households (2028) | 138,223 | |
| Population (2023) | 322,038 | |
| Population (2028) | 327,822 | |
| Per capita Income (2023) | $46,653 | |
| Total Household Expenditures | $10,167,484,279 | |
| Total Retail Expenditures | $4,768,670,944 | |
| Average Household Income (2023) | $108,690 | |
| Average Household Income (2028) | $117,317 | |
| City Data retrieved from https://sitesusa.com/Data | ||
Local Insights
The gap report in Lexington indicates a healthy opportunity in the motor vehicle and parts dealer sector, with potential sales of $938.69 million and actual sales of $808.97 million. The automotive industry, bolstered by an estimated 229,495 total vehicles available and the fact that 55% of households have two or more vehicles, is ripe for growth. Ventures in auto repair and maintenance services could thrive, considering the city's dominant car culture.
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The food and beverage sector in Lexington shows promise, with the total annual consumer expenditure in this category reaching $1.49 billion. The presence of a significant number of households (over 32% being 1-person and 33.9% being 2-person households) suggests a demand for convenient dining options that a food franchise could cater to, especially for those looking for quick and healthy meals.
The variety of housing units, including a notable percentage of owner-occupied homes (52.6%), and the median home value of $250,139 suggest a market for home improvement and maintenance franchises. There's potential in targeting services that cater to homeowners looking to enhance their property values or maintain their homes, especially considering the median age of homes is 42.8 years, indicating a need for ongoing maintenance.
Explore the franchise listings below and take the first step towards a rewarding business venture.
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As of November 22, 2024: