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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 Brandon, Florida | ||
| Data | Brandon, FL | Nationwide |
|---|---|---|
| Population | 118.02 thousand | 333.2 million |
| Proj. 5 Year Population Growth | -10.5386% | 0.5% |
| Median Household Income | $101,837 | $74,580 |
| Median Age | 36.17 | 38.9 |
| Residents per Business | 1 to 16 | 10 to 1 |
| Annual Household Expenditures | $3.34 billion | $23.9 trillion |
| City Data retrieved from https://sitesusa.com/Data | ||
Franchising Landscape
Franchises in Brandon in the automotive sector could find a receptive market, especially given that 40.9% of households have one vehicle available and another 40.4% have two vehicles. These statistics indicate a strong dependency on personal transportation, which could translate into a demand for automotive services, such as maintenance, repair, and car wash franchises.
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The real estate market in Brandon presents opportunities for franchising. The estimated median home value in 2023 is $265,821, and the community is experiencing growth with a 2.2% projected annual increase in population from 2023 to 2028. Real estate franchises that offer brokerage services, property management, or home inspection services could capitalize on the expanding housing market and the high percentage of owner-occupied units, which stands at 56%.
Health and fitness franchises could thrive in Brandon given the community's substantial health care expenditure of $278.48 million in 2023. Additionally, the food industry is a promising area for franchising. Brandon's total annual expenditure on food and beverages is $491 million, which is a considerable portion of the household expenditure. Considering the high average household income, quick-service or fast-casual dining franchises could find a busy and lucrative market, especially in areas close to business clusters or residential areas with a high density of young professionals and families.
Explore the franchise listings below and take the first step towards a rewarding business venture.
Brandon, Florida Franchise Opportunities (and Businesses for Sale)
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