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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 Gainesville, Florida | ||
| Data | Gainesville, FL | Nationwide |
|---|---|---|
| Population | 142.51 thousand | 333.2 million |
| Proj. 5 Year Population Growth | -2.9431% | 0.5% |
| Median Household Income | $74,211 | $74,580 |
| Median Age | 25.01 | 38.9 |
| Residents per Business | 1 to 20 | 10 to 1 |
| Annual Household Expenditures | $3.34 billion | $23.9 trillion |
| City Data retrieved from https://sitesusa.com/Data | ||
Franchising Landscape
The data for Gainesville, FL, indicates several promising franchise opportunities. Firstly, the health and fitness industry seems viable given the substantial annual healthcare expenditure of $279.07 million and the active lifestyle suggested by 3.6% of the population biking to work. A franchise that combines fitness with wellness programs could capitalize on the average household net worth of $346,850. A focus on personalized training or holistic health services could appeal to the demographic that values health maintenance and has the disposable income to support it.
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Secondly, the food and beverage industry could be a lucrative sector with the consumer expenditure in this category reaching $493.51 million annually. Gainesville's household composition, with a significant portion of 1 and 2 person households (34.7% and 35.1%, respectively), suggests a potential market for quick-service or casual dining franchises that cater to small household sizes. The presence of a large number of renter-occupied housing units (53.7%) could also mean a demand for food options that are convenient for a transient population that may not invest as much in home cooking.
The housing data indicates that 46.1% of the units are 1 detached unit, and with a median home value of $213,706, there is potential for home services franchises, particularly those specializing in home improvement and maintenance. With a substantial number of homes built before 1989 (41.8% of all homes), services such as remodeling, landscaping, and repairs could be in demand.
Explore the franchise listings below and take the first step towards a rewarding business venture.
Gainesville, Florida Franchise Opportunities (and Businesses for Sale)
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