Franchises for Sale in Raleigh, North Carolina
Raleigh, North Carolina Franchise Opportunities (and Businesses for Sale)
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
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
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
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
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
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
To gain comprehensive insights into Raleigh, North Carolina, 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.
| Raleigh, North Carolina Demographic Insights | ||
| Households (2023) | 203,885 | |
| Households (2028) | 216,307 | |
| Population (2023) | 473,221 | |
| Population (2028) | 496,610 | |
| Per capita Income (2023) | $52,901 | |
| Total Household Expenditures | $16,505,430,660 | |
| Total Retail Expenditures | $7,734,791,362 | |
| Average Household Income (2023) | $122,022 | |
| Average Household Income (2028) | $124,175 | |
| City Data retrieved from https://sitesusa.com/Data | ||
Local Insights
Raleigh is home to a growing population, currently at 473,221, with a projected increase of approximately 23,389 residents by 2028. The average household income stands at $122,022 and the average net worth is a substantial $643,484, providing a solid economic base for the franchise industry.
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The food industry in Raleigh has a discernible opportunity, with a total annual consumer expenditure on food and beverages at $2.39 billion. Additionally, the gap report shows potential sales in grocery stores at $981.26 million, notably higher than actual sales of $683.38 million. This suggests room for new players in the market, particularly for franchises that can offer unique food experiences.
Raleigh's housing market is robust, with 57.9% of homes being owner-occupied and a median home value of $368,531. The home centers segment alone shows potential sales at $199.47 million compared to actual sales of $158.31 million, highlighting a demand for home improvement and maintenance services that franchises could fulfill.
There is a notable healthcare consumer expenditure of $1.34 billion annually in Raleigh, coupled with a reported gap in cosmetics and beauty store sales ($13.54 million potential vs. $6.12 million actual). These figures suggest a market for healthcare franchises, which could be particularly profitable given the city's affluent demographics.
Explore the franchise listings below and take the first step towards a rewarding business venture.
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As of November 22, 2024: