Franchises for Sale in Roanoke, Virginia
Roanoke, Virginia Franchise Opportunities (and Businesses for Sale)
| Order | Franchise Name | Industry Name | Available Capital | ||
|---|---|---|---|---|---|
| 1 |  | Proper Ecom | Business Opportunities | $50,000 | |
| 2 |  | The UPS Store | Printing Packing & Shipping | $75,000 | |
| 3 |  | Batteries Plus | Retail Franchises | $100,000 | |
| 4 |  | GarageExperts | Home Services & Repair Franchises | $60,000 | |
| 5 |  | Zoomin Groomin | Pet | $90,000 | |
| 6 |  | Automated Investments | Business Opportunities | $100,000 | |
| 7 |  | Blue Coast Savings Consultants | Financial Franchises | $70,000 | |
| 8 |  | Mr. Electric | Home Services & Repair Franchises | $65,000 | |
| 9 |  | My Business Venture | Computer & Internet Franchises | $10,000 | |
| 10 |  | Lightspeed Restoration | Home Services & Repair Franchises | $100,000 |
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 (2024) | 43,282 | |
| Households (2029) | 41,195 | |
| Population (2024) | 97,683 | |
| Population (2029) | 95,278 | |
| Per capita Income (2024) | $36,586 | |
| Total Household Expenditures | $3,541,722,778 | |
| Total Retail Expenditures | $1,804,599,708 | |
| Average Household Income (2024) | $82,258 | |
| Average Household Income (2029) | $84,305 | |
| 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.
With a population of 97,683 and 43,282 households, Roanoke offers a close-knit customer base where businesses can build strong local connections. Annual household expenditures total $3.54 billion, highlighting steady consumer demand. With fewer businesses competing for attention, franchises have a greater opportunity to establish themselves as go-to providers in the area.
The local workforce includes 25,261 employed individuals, creating a steady hiring pool for businesses looking to attract and retain talent. Housing stability is reflected in 21,124 owner-occupied homes, demonstrating long-term community investment and a strong local presence.
For franchises focused on essential services, value-driven products, or niche offerings, Roanoke provides an opportunity to build lasting customer relationships and stand out in a market with fewer direct competitors.
Explore the franchise listings below and take the first step towards a rewarding business venture.
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As of February 22, 2025: