One-third of prospective franchisees have at least $100,000 in annual household income, according to the latest data analysis by Franchise Ventures — and income is clearly a key factor in finding franchisee candidates who are qualified for different opportunities.
Future franchisees topped the national average for higher incomes. 33.6% of all franchise prospects showed household income of $100,000 or more. The latest Census Bureau numbers estimated 29.2% of the U.S. population fell into the same income group.
Learn more about business buyer demographics at Franchise Insights.