Please Confirm
Are you sure you wish to REMOVE from your request basket?
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 Fort Lauderdale, Florida | ||
| Data | Fort Lauderdale, FL | Nationwide |
|---|---|---|
| Population | 194.93 thousand | 333.2 million |
| Proj. 5 Year Population Growth | -8.2696% | 0.5% |
| Median Household Income | $120,556 | $74,580 |
| Median Age | 41.87 | 38.9 |
| Residents per Business | 1 to 7 | 10 to 1 |
| Annual Household Expenditures | $7.23 billion | $23.9 trillion |
| City Data retrieved from https://sitesusa.com/Data | ||
Franchising Landscape
The estimated average household income for 2023 stands at $120,556 in Fort Lauderdale with a significant historical annual increase from 2000 to 2023 by $60,729 (4.4%). This indicates a relatively affluent consumer base which can support industries that offer premium services and products. The health and fitness franchise industry could capitalize on this economic bandwidth, as individuals with higher disposable incomes are more likely to invest in their health and wellness. With personal care consumer expenditure at $97.05M, a franchise in this sector could be positioned for success.
Read More
Secondly, the housing data reveals a high percentage of homes built before the 2000s—approximately 46.5% with a median home value of $400,544. This suggests potential in the home services industry, particularly in renovation and maintenance. Services that provide modernization, energy efficiency improvements, and general upkeep could be in demand, targeting the owner-occupied units which account for 57.4% of housing units.
The transportation data shows that a substantial number of workers (21.1%) work from home. This emerging trend opens up opportunities for home-based franchises, especially those that offer business services. With the total businesses in the area amounting to 26,229 and a significant white-collar demographic (65.4%), franchises that provide support services like virtual assistance, online marketing, and IT support could thrive.
Lastly, considering the median rent of $1,373 and the sizable shelter expenditure of $1.53B, real estate franchises could find an engaging market in Fort Lauderdale. A franchise that specializes in rental properties or offers property management services could benefit from the consistent demand for housing in the area, considering the significant portion of the population that rents their homes (42.6%).
Explore the franchise listings below and take the first step towards a rewarding business venture.
Fort Lauderdale, Florida Franchise Opportunities (and Businesses for Sale)
At Franchise Ventures, we prioritize transparency and objectivity to empower your franchise decisions. Unlike brokers or franchisors, our motivations are unclouded by financial incentives tied to your choices. We don't earn based on the franchise you opt for, instead, our mission is to present you with impartial insights. Navigate through a realm of franchising opportunities with information you can trust.