Businesses for Sale | Hugo, Minnesota
Discover business opportunities, in or around Hugo, with well-established brands, who are looking for people like you to help them grow.
As of the 2024 ACH Map Data, Hugo, located in The North Star State had a total population of 17,085 people.
| Order | Franchise Name | Industry Name | Available Capital | ||
|---|---|---|---|---|---|
| 1 |  | Automated Investments | Business Opportunities | $100,000 | |
| 2 |  | E-Commerce Future USA | Business Opportunities | $30,000 | |
| 3 |  | FranServe - Become a Franchise Consultant | Business Services | $50,000 | |
| 4 |  | My Business Venture | Computer & Internet Franchises | $10,000 | |
| 5 |  | Five Star Painting | Home Services & Repair Franchises | $50,000 | |
| 6 |  | Blue Coast Savings Consultants | Financial Franchises | $70,000 | |
| 7 |  | The Back Nine Golf | Sports & Leisure | $60,000 | |
| 8 |  | Express Employment Professionals | Personnel & Staffing | $150,000 | |
| 9 |  | Fuego Cravings | Food & Restaurant | $200,000 | |
| 10 |  | Rainbow Restoration | Cleaning Franchises | $100,000 |
City Statistics and Other Information About Hugo
Demographics
From a total population of 17,085, Hugo has a median age of 39. The average age of males, in Hugo, is 38 while the average age of females is 39. When you compare the median age of men and women in Hugo, there is an average difference of 1.18 years.
Income
The median income of individuals, in Hugo, is $61,169 while the average household income is $114,781. In 2029, the average income per capita for Hugo is expected to be $61,169.
Additional Information
55038Washington County
Is Hugo the Best Location for Franchise Opportunities and Growth?
What is the average income in Hugo?
The median household income in Hugo is $114,781, providing insight into the financial conditions of local residents and their ability to support businesses.
Is Hugo an affordable place to start a franchise?
With a median income of $114,781, Hugo presents an opportunity for businesses that cater to cost-conscious consumers, making it a strong market for affordable and essential services.
How does Hugo's income compare to other locations?
The median income of $114,781 in Hugo is above the national median income of $80,610, influencing local consumer spending habits and franchise potential.
Does Hugo have a stable workforce to support my business?
Absolutely! With 4,747 employed individuals, Hugo offers a solid labor force to support franchise growth.
Is Hugo a growing economy?
With a workforce of 4,747 and a median household income of $114,781, Hugo provides a stable economic environment for new business opportunities.
Does homeownership in Hugo indicate a stable market?
Homeownership rates at 5,761 show a strong local investment in the community, which benefits long-term franchise success.
