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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 Cape Coral, Florida | ||
| Data | Cape Coral, FL | Nationwide |
|---|---|---|
| Population | 221.09 thousand | 333.2 million |
| Proj. 5 Year Population Growth | -23.989% | 0.5% |
| Median Household Income | $97,638 | $74,580 |
| Median Age | 47.57 | 38.9 |
| Residents per Business | 1 to 18 | 10 to 1 |
| Annual Household Expenditures | $5.87 billion | $23.9 trillion |
| City Data retrieved from https://sitesusa.com/Data | ||
Franchising Landscape
With 83.2% of the housing units occupied and 72.5% owner-occupied, there is a clear indication of a stable residential community. The median home value for owner-occupied units is $286,689, and a significant portion of homes were built from 2000 to 2009, suggesting potential for home improvement and maintenance services. Franchises in home services such as landscaping, pool cleaning, and repair services could find a receptive market in Cape Coral, as homeowners invest in maintaining and upgrading their properties.
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Food and beverages constitute a substantial part of consumer expenditure, amounting to $861.84 million in 2023. This demonstrates a strong market for dining and grocery expenditures. Food franchises, particularly those offering unique dining experiences or specialized dietary options, could capitalize on this spending pattern. With a significant portion of the population driving alone to work (72.3%), convenience-oriented food services like drive-thrus or quick-service restaurants could also appeal to the workforce.
Given that 41.5% of households have 2 vehicles available and the average vehicles per household is 1.8, there is an emphasis on automotive ownership and usage. This, coupled with the fact that the majority of the working population commutes by car, suggests a steady demand for automotive services. Franchises offering vehicle maintenance, repair, and car wash services could be successful in meeting the needs of local residents who rely on personal vehicles for transportation.
Explore the franchise listings below and take the first step towards a rewarding business venture.
Cape Coral, Florida Franchise Opportunities (and Businesses for Sale)
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