Franchises for Sale in Roanoke, Virginia
Roanoke, Virginia Franchise Opportunities (and Businesses for Sale)
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
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
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
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
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 Roanoke, 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.
| Roanoke, Virginia Demographic Insights | ||
| Households (2023) | 43,351 | |
| Households (2028) | 42,938 | |
| Population (2023) | 98,375 | |
| Population (2028) | 97,159 | |
| Per capita Income (2023) | $37,760 | |
| Total Household Expenditures | $2,710,873,285 | |
| Total Retail Expenditures | $1,273,021,189 | |
| Average Household Income (2023) | $85,144 | |
| Average Household Income (2028) | $93,233 | |
| City Data retrieved from https://sitesusa.com/Data | ||
Local Insights
With Roanoke’s median age of homes at 60.9 years, there is a pronounced opportunity for franchises within the home services industry. The gap report identifies a significant market gap in Floor Covering Stores, where potential sales are reported at $2.9 million compared to actual sales of $817.49K. This indicates a robust unmet demand for floor covering services that a new franchise could lucratively address. Along with a homeowner occupancy rate near 50% and an owner-occupied median home value of $168,346, franchises that offer renovation, specifically flooring services, could see substantial growth by meeting this demand in the community.
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Roanoke's annual retail consumer expenditure totals $1.27 billion. Notably, the gap report reveals specific retail opportunities, such as in Hardware Stores, where potential sales of $2.95 million far exceed actual sales of $461.11K, and Nursery and Garden Stores with potential sales of $7.02 million compared to actual sales of $5.1 million. Retail franchises that tap into these areas could leverage the city’s spending power and drive growth by meeting these unaddressed needs.
In a city like Roanoke, which hosts a total of 5,288 businesses, including 189 company headquarters, there’s a substantial need for a variety of professional services. These organizations, ranging from fledgling startups to established corporate offices, present a vast market for business services franchises. Services such as financial planning, human resources, administrative support, and corporate training are in high demand to support these companies. The average of 9.9 employees per business indicates that many of these enterprises may be small to medium-sized, potentially lacking the in-house resources for specialized tasks. A franchise that can offer tailored business solutions could become a vital asset in supporting the operational efficiency of Roanoke’s business community.
Explore the franchise listings below and take the first step towards a rewarding business venture.
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As of November 22, 2024: