Franchises for Sale in Richmond, Virginia
Richmond, Virginia Franchise Opportunities (and Businesses for Sale)
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
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
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
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
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
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
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 (2023) | 108,026 | |
| Households (2028) | 110,624 | |
| Population (2023) | 230,595 | |
| Population (2028) | 244,153 | |
| Per capita Income (2023) | $45,795 | |
| Total Household Expenditures | $7,320,834,519 | |
| Total Retail Expenditures | $3,418,757,156 | |
| Average Household Income (2023) | $96,910 | |
| Average Household Income (2028) | $102,423 | |
| 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.
Explore the franchise listings below and take the first step towards a rewarding business venture.
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As of November 22, 2024: