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The table below offers a collection of data aimed at giving potential franchisees a glimpse into their market landscape. Click Read More to delve deeper, uncovering additional information to assist you in making a well-informed decision. These insights are tailored to highlight the opportunities in your city as you consider a franchise purchase.
| Key Data Points for Bradenton, Florida | ||
| Data | Bradenton, FL | Nationwide |
|---|---|---|
| Population | 56.49 thousand | 333.2 million |
| Proj. 5 Year Population Growth | -12.5496% | 0.5% |
| Median Household Income | $79,324 | $74,580 |
| Median Age | 48.52 | 38.9 |
| Residents per Business | 1 to 17 | 10 to 1 |
| Annual Household Expenditures | $1.52 billion | $23.9 trillion |
| City Data retrieved from https://sitesusa.com/Data | ||
Franchising Landscape
Bradenton, FL shows promise for various franchise industries. With an estimated population of 56,491 in 2023 and a projected growth to 64,055 by 2028, a 2.7% increase, the area is on an upswing, suggesting increased customer bases for new businesses.
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The first industry to consider is the food franchise sector. Bradenton residents spend $223.93M on food and beverages annually, which is a substantial part of their total consumer expenditure. This demonstrates a strong market potential for food-related franchises. A franchise that offers unique dining experiences or specialized cuisine could capitalize on this spending pattern. Moreover, with a high percentage of households being two-person (36%), smaller, more intimate dining formats could be attractive.
Home services franchises could also find a fertile ground in Bradenton. The housing data indicates a substantial homeowner population with 66.3% of housing units being owner-occupied and a median home value of $248,143. This suggests that there is a market for home improvement, maintenance, and landscaping services. The large percentage of homes built before 1989 (39.5%) also indicates potential demand for renovations and modernizations.
Lastly, the retail franchise sector can't be overlooked, with residents spending $716.1M annually on retail expenditures. The significant percentage of retail (47.1%) in the monthly household expenditure underscores a robust consumer market. Given the high rate of vehicle ownership with 71.1% of vehicles being associated with owner-occupied households, automotive retail franchises that provide accessories, maintenance, and repair services could thrive.
Explore the franchise listings below and take the first step towards a rewarding business venture.
Bradenton, Florida Franchise Opportunities (and Businesses for Sale)
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