Businesses for Sale | Somerset, Maryland
Discover business opportunities, in or around Somerset, with well-established brands, who are looking for people like you to help them grow.
As of the 2024 ACH Map Data, Somerset, located in The Old Line State had a total population of 1,204 people.
| Order | Franchise Name | Industry Name | Available Capital | ||
|---|---|---|---|---|---|
| 1 |  | Buddy's Home Furnishings | Retail Franchises | $150,000 | |
| 2 |  | E-Commerce Future USA | Business Opportunities | $30,000 | |
| 3 |  | FranServe - Become a Franchise Consultant | Business Services | $50,000 | |
| 4 |  | The Back Nine Golf | Sports & Leisure | $60,000 | |
| 5 |  | Five Star Painting | Home Services & Repair Franchises | $50,000 | |
| 6 |  | Automated Investments | Business Opportunities | $100,000 | |
| 7 |  | Blue Coast Savings Consultants | Financial Franchises | $70,000 | |
| 8 |  | Express Employment Professionals | Personnel & Staffing | $150,000 | |
| 9 |  | Glass Doctor | Auto Franchises | $50,000 | |
| 10 |  | Safe Harbor Plans - 401K Franchise Funding | Financial Businesses | $100,000 |
City Statistics and Other Information About Somerset
Demographics
From a total population of 1,204, Somerset has a median age of 50. The average age of males, in Somerset, is 48 while the average age of females is 52. When you compare the median age of men and women in Somerset, there is an average difference of 4.01 years.
Income
The median income of individuals, in Somerset, is $113,475 while the average household income is $161,457. In 2029, the average income per capita for Somerset is expected to be $113,475.
Additional Information
Montgomery CountyIs Somerset the Best Location for Franchise Opportunities and Growth?
What is the average income in Somerset?
The median household income in Somerset is $161,457, providing insight into the financial conditions of local residents and their ability to support businesses.
Is Somerset an affordable place to start a franchise?
With a median income of $161,457, Somerset presents an opportunity for businesses that cater to cost-conscious consumers, making it a strong market for affordable and essential services.
How does Somerset's income compare to other locations?
The median income of $161,457 in Somerset is above the national median income of $80,610, influencing local consumer spending habits and franchise potential.
Does Somerset have a stable workforce to support my business?
Absolutely! With 261 employed individuals, Somerset offers a solid labor force to support franchise growth.
Is Somerset a growing economy?
With a workforce of 261 and a median household income of $161,457, Somerset provides a stable economic environment for new business opportunities.
Does homeownership in Somerset indicate a stable market?
Homeownership rates at 412 show a strong local investment in the community, which benefits long-term franchise success.
