Franchises for Sale in Norfolk, Virginia
Norfolk, Virginia Franchise Opportunities (and Businesses for Sale)
| Order | Franchise Name | Industry Name | Available Capital | ||
|---|---|---|---|---|---|
| 1 |  | PostalAnnex+ | Printing Packing & Shipping | $70,000 | |
| 2 |  | Automated Investments | Business Opportunities | $100,000 | |
| 3 |  | Apricot Lane | Retail Franchises | $80,000 | |
| 4 |  | Batteries Plus | Retail Franchises | $100,000 | |
| 5 |  | SiteSwan Website Builder | Business Opportunities | $149 | |
| 6 |  | Zoomin Groomin | Pet | $90,000 | |
| 7 |  | FranServe - Become a Franchise Consultant! | Business Services Franchises | $50,000 | |
| 8 |  | Mathnasium Learning Centers | Education Franchises | $100,000 | |
| 9 |  | Minuteman Press International | Printing, Copying, Shipping, Signs Franchises | $50,000 | |
| 10 |  | Dickey's Barbecue Pit | Food | $100,000 |
To gain comprehensive insights into Norfolk, 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.
| Norfolk, Virginia Demographic Insights | ||
| Households (2023) | 93,143 | |
| Households (2028) | 92,207 | |
| Population (2023) | 234,157 | |
| Population (2028) | 227,908 | |
| Per capita Income (2023) | $41,157 | |
| Total Household Expenditures | $6,449,178,474 | |
| Total Retail Expenditures | $3,031,664,936 | |
| Average Household Income (2023) | $98,605 | |
| Average Household Income (2028) | $108,632 | |
| City Data retrieved from https://sitesusa.com/Data | ||
Local Insights
Norfolk’s food and beverage consumer expenditure stands at $951.84 million annually, a testament to the city’s appetite for dining options. This data indicates a robust market for new food franchises, particularly when considering Norfolk’s monthly household consumer expenditure on food and beverages which is 14.8% of total expenses. Franchise concepts that can cater to a variety of preferences, from fast food to ethnic cuisines, could find a welcoming environment in Norfolk’s dynamic food scene.
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With the average vehicles per household at 1.6 and substantial transportation consumer expenditures of $1.17 billion annually, there’s a pronounced potential for automotive franchises in Norfolk. The Retail Gap Report further supports this with a potential of $593.41 million in Motor Vehicle and Parts Dealers against actual sales of $477.53 million, and New Car Dealers showing a potential of $454.61 million against $320.55 million in sales. This data reveals a potential for franchises focused on services such as maintenance, repairs, and parts, as well as new and used car sales, emphasizing the importance of automobiles in Norfolk residents’ daily lives.
In Norfolk's thriving business climate, the concentration of companies is a key indicator of the demand for business services. The city is home to a notable number of businesses, with a total count of 9,267, which includes 276 company headquarters. This signifies a substantial base of potential B2B clients for franchises offering services such as corporate training, consulting, office management, and outsourced HR services. Franchises that provide specialized services to support the unique needs of these headquarter companies could capitalize on the potential for long-term contracts and high-value client relationships in Norfolk's robust commercial sector.
Explore the franchise listings below and take the first step towards a rewarding business venture.
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As of December 23, 2024: