Mr. Appliance
Trusted appliance repair franchise serving residential and commercial customers coast to coast.
$50k minimum cash required
Back to Blog
Boomer Generation Still Best-Funded Franchise Buyer Segment
Ongoing analysis of prospective franchise buyer demographics reveals that the Baby Boomer generation (aged 55-73) accounts for roughly one quarter of total prospects these days - but they have the strongest financial profile of any cohort. In fact, the percentage of Boomers with more than $500,000 in estimated income-producing assets indexes 67% above average. Also, 80%+ own their own homes with estimated home values exceeding $500,000 - the highest among all age groups and 13% above average.
Too old to get into business for yourself with a franchise coming to your local market? Never! Learn more about this and other Franchise Insights here.
Skip the guesswork. With access to hundreds of vetted brands and over 25+ years of helping entrepreneurs find the right fit, Franchise Ventures is the most efficient way to turn interest into ownership.
Categorized Under: Franchise Information