Franchises for Sale in Richmond, Virginia
Richmond, Virginia Franchise Opportunities (and Businesses for Sale)
| Order | Franchise Name | Industry Name | Available Capital | ||
|---|---|---|---|---|---|
| 1 |  | Automated Investments | Business Opportunities | $100,000 | |
| 2 |  | Proper Ecom | Business Opportunities | $50,000 | |
| 3 |  | Batteries Plus | Retail Franchises | $100,000 | |
| 4 |  | The UPS Store | Printing Packing & Shipping | $75,000 | |
| 5 |  | Zoomin Groomin | Pet | $90,000 | |
| 6 |  | GarageExperts | Home Services & Repair Franchises | $60,000 | |
| 7 |  | Mr. Electric | Home Services & Repair Franchises | $65,000 | |
| 8 |  | Glass Doctor | Auto Franchises | $50,000 | |
| 9 |  | Lightspeed Restoration | Home Services & Repair Franchises | $100,000 | |
| 10 |  | Poolwerx | Home Services & Repair Franchises | $80,000 |
To gain comprehensive insights into Richmond, 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.
| Richmond, Virginia Demographic Insights | ||
| Households (2024) | 107,571 | |
| Households (2029) | 107,308 | |
| Population (2024) | 230,416 | |
| Population (2029) | 231,544 | |
| Per capita Income (2024) | $48,486 | |
| Total Household Expenditures | $9,875,448,084 | |
| Total Retail Expenditures | $4,753,670,061 | |
| Average Household Income (2024) | $103,187 | |
| Average Household Income (2029) | $107,261 | |
| City Data retrieved from https://sitesusa.com/Data | ||
Local Insights
Richmond’s data show that a franchise in the automotive industry could be quite promising. The gap report reveals a significant potential in the motor vehicle and parts dealers sector, with potential sales of $666.13 million compared to actual sales of $367.72 million. The household vehicle data further supports this potential, with 42.6% of households having one vehicle and 29.5% with two vehicles. This translates to a substantial market for automotive franchises that offer a spectrum of services, particularly for households that may rely on a single vehicle and thus prioritize its maintenance and uptime.
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With a robust annual consumer expenditure on food and beverages surpassing $1 billion, the food industry in Richmond has a substantial customer base. Limited service restaurants show promise with $120.27 million in potential sales against $118.14 million in actual sales. This could signal an opportunity for quick-service food franchises, particularly those that offer delivery and catering, tapping into the 28.1% of the workforce who work from home and could be looking for convenient dining options.
In Richmond, the landscape for business services franchises is likely to be driven by the city’s thriving corporate environment. With a total of 12,688 businesses and a substantial employee base of 127,508 individuals, the need for business support services—from printing and marketing to consulting and logistics—is implicit. A franchise that offers innovative solutions to streamline operations, reduce costs, or enhance productivity could find a receptive market, especially among the 3.6% of businesses that are company headquarters with demanding corporate service needs.
Richmond has a thriving local economy, supported by 65,417 employed individuals contributing to business growth and consumer demand. The median household income of $65,739 reflects steady earning potential, allowing residents to invest in goods, services, and local businesses. Additionally, with 42,274 owner-occupied homes, Richmond demonstrates strong residential stability and long-term community engagement.
With a population of 230,416 and 107,571 households, Richmond provides a large and diverse customer base that supports businesses across various industries. Residents collectively contribute $9.88 billion in annual household expenditures, showcasing high demand for goods and services.
For franchise owners looking for scalability, a strong workforce, and broad consumer reach, Richmond presents an exceptional business environment with ample growth opportunities.
Explore the franchise listings below and take the first step towards a rewarding business venture.
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As of February 22, 2025: