Franchises for Sale in Tempe, Arizona
Tempe, Arizona Franchise Opportunities (and Businesses for Sale)
| Order | Franchise Name | Industry Name | Available Capital | ||
|---|---|---|---|---|---|
| 1 |  | Zoomin Groomin | Pet | $90,000 | |
| 2 |  | Automated Investments | Business Opportunities | $100,000 | |
| 3 |  | Wealth Automators | Computer & Internet Franchises | $60,000 | |
| 4 |  | PostalAnnex+ | Printing Packing & Shipping | $70,000 | |
| 5 |  | Proper Ecom Academy | Business Opportunities | $50,000 | |
| 6 |  | Fleet Services International | Automotive | $100,000 | |
| 7 |  | American Business Systems, LLC | Financial Franchises | $30,000 | |
| 8 |  | Pinch A Penny | Retail | $150,000 | |
| 9 |  | ClaimTek Systems | Financial Franchises | $20,000 | |
| 10 |  | Batteries Plus | Retail Franchises | $100,000 |
To gain comprehensive insights into Tempe, Arizona, 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.
| Tempe, Arizona Demographic Insights | ||
| Households (2024) | 79,078 | |
| Households (2029) | 80,033 | |
| Population (2024) | 183,875 | |
| Population (2029) | 184,544 | |
| Per capita Income (2024) | $46,898 | |
| Total Household Expenditures | $7,938,913,504 | |
| Total Retail Expenditures | $3,813,914,521 | |
| Average Household Income (2024) | $108,138 | |
| Average Household Income (2029) | $111,886 | |
| City Data retrieved from https://sitesusa.com/Data | ||
Local Insights
The retail sector in Tempe, with its substantial annual consumer expenditure of $2.71B, presents fertile ground for franchises, especially in niche markets. For instance, jewelry stores in Tempe are a notable opportunity, with potential sales of $10.31M but actual sales reaching only $4.03M, indicating significant room for growth and a market demand that is currently underserved. Alongside the high annual spending in apparel at $204.92M, a retail franchise that offers specialized and high-value products like jewelry could capitalize on the discretionary income of its residents.
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The demand for home services in Tempe is underscored by the significant number of owner-occupied homes (44,996) and a median home value of $371,973, which suggests a market for franchises specializing in home renovation and maintenance. This is further supported by a high annual consumer expenditure in household operations at $227.76M.
The business services industry in Tempe is a prime area for growth, bolstered by a robust local economy with over 12,300 businesses and a workforce of approximately 136,570. With the city's businesses aiming to enhance efficiency and productivity, there's a significant market for services such as consulting, marketing, staffing, and IT support. Franchises offering innovative business solutions could tap into the disposable income that comes from an average household income of $106,941. Furthermore, a projected population increase suggests an expanding clientele, positioning the business services sector as a lucrative space for new and scalable franchise ventures in Tempe.
Could Tempe Be the Perfect Spot for Your Franchise?
- Is Tempe a financially stable market for a franchise?
- How big is the customer base in Tempe?
- What's the spending potential of Tempe?
- Is there a workforce to support franchise operations?
- What about the financial stability of the community?
- How stable is the housing market in Tempe?
- Why should I consider a franchise in Tempe?
Is Tempe a financially stable market for a franchise?
With a median household income of $78,337 and 29,277 owner-occupied homes, Tempe reflects a community with stable earning potential and long-term investment in the area. Local spending habits, totaling $7.94 billion annually, highlight consistent demand for goods and services.
How big is the customer base in Tempe?
Tempe has 183,875 residents and 79,078 households, providing a solid customer base. With fewer competing businesses, franchises have greater opportunities to build strong brand loyalty and establish a trusted presence in the community.
What's the spending potential of Tempe?
Residents contribute $7.94 billion annually in household expenditures. This suggests an opportunity to serve unmet needs or provide unique offerings tailored to the community.
Is there a workforce to support franchise operations?
Yes! Tempe has 63,474 employed individuals, providing a dependable labor pool. With a strong sense of community and fewer competing employers, businesses often benefit from higher employee retention and a committed workforce.
What about the financial stability of the community?
With a median household income of $78,337, Tempe offers a cost-effective market where franchises can succeed by offering affordable, value-driven options.
How stable is the housing market in Tempe?
With 29,277 owner-occupied homes, Tempe reflects a community invested in local growth, offering fertile ground for franchises that prioritize local engagement.
Why should I consider a franchise in Tempe?
While the market is smaller, fewer competitors, lower operating costs, and strong community ties make Tempe an ideal location for businesses offering essential services or niche products.
Explore the franchise listings below and take the first step towards a rewarding business venture.
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