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 Isle of Palms, South Carolina | ||
| Data | Isle of Palms, SC | Nationwide |
|---|---|---|
| Population | 5.73 thousand | 333.2 million |
| Proj. 5 Year Population Growth | 14.5757% | 0.5% |
| Median Household Income | $192,321 | $74,580 |
| Median Age | 54.36 | 38.9 |
| Residents per Business | 1 to 27 | 10 to 1 |
| Annual Household Expenditures | $336.63 million | $23.9 trillion |
| City Data retrieved from https://sitesusa.com/Data | ||
Franchising Landscape
Based on the demographic data for Isle of Palms, SC, several franchise industries stand out as potentially lucrative opportunities.
Read More
The total household expenditure on food and beverages in 2023 amounts to $47.42 million, indicating a significant market for dining options. With a median household income of $177,809 and an estimated average household income of $192,321 in 2023, residents likely have discretionary income to spend on dining out. Opening a franchise in the food and beverage sector, such as a casual dining restaurant or a specialty coffee shop, could tap into this market.
The expenditure on health care in Isle of Palms in 2023 was $26.44 million, suggesting that residents prioritize health and wellness. Additionally, the projected average household income for 2028 is $242,571, indicating potential growth in disposable income. A fitness franchise, such as a gym or yoga studio, could cater to residents looking to maintain an active lifestyle.
Additionally, the total retail expenditure in 2023 was $155.8 million, indicating a robust retail market. Opening a retail franchise, such as a clothing store or specialty boutique, could capitalize on this consumer demand.
Explore the franchise listings below and take the first step towards a rewarding business venture.
Isle of Palms, South Carolina 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.