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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 Four Corners, Florida | ||
| Data | Four Corners, FL | Nationwide |
|---|---|---|
| Population | 76.23 thousand | 333.2 million |
| Proj. 5 Year Population Growth | -25.8216% | 0.5% |
| Median Household Income | $62,584 | $74,580 |
| Median Age | 36.88 | 38.9 |
| Residents per Business | 1 to 34 | 10 to 1 |
| Annual Household Expenditures | $1.45 billion | $23.9 trillion |
| City Data retrieved from https://sitesusa.com/Data | ||
Franchising Landscape
For Four Corners, FL, the franchising landscape can be strategically targeted based on the city's growing population and economic trends. The data suggests several thriving sectors for new franchisees.
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The projected annual growth rate of the population between 2023 and 2028 is 5.9%, with an estimated population of 76,227 in 2023 and a projected population of 98,828 by 2028. This significant increase in residents indicates a robust opportunity for the food franchise industry. Given the total annual consumer expenditure on food and beverages is $213.8 million, franchises in quick service restaurants, coffee shops, or specialized dining concepts could cater to the needs of a growing population seeking variety and convenience.
In terms of housing and income, Four Corners has a median home value of $284,488 and an estimated average household income of $62,584. With 82.5% of housing units occupied, home services franchises could see a solid demand. This can include home improvement, cleaning, and maintenance services.
Lastly, the retail sector could be a promising area for franchising, as the total retail expenditure stands at $684.69 million. Considering the area's high owner-occupied housing rate and the average household net worth of $378,617, franchises in home furnishing and specialty retail stores could benefit from the consumer spending habits in Four Corners.
Explore the franchise listings below and take the first step towards a rewarding business venture.
Four Corners, Florida Franchise Opportunities (and Businesses for Sale)
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