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 Pembroke Pines, Florida | ||
| Data | Pembroke Pines, FL | Nationwide |
|---|---|---|
| Population | 166.4 thousand | 333.2 million |
| Proj. 5 Year Population Growth | -4.7774% | 0.5% |
| Median Household Income | $118,357 | $74,580 |
| Median Age | 41.37 | 38.9 |
| Residents per Business | 1 to 13 | 10 to 1 |
| Annual Household Expenditures | $4.85 billion | $23.9 trillion |
| City Data retrieved from https://sitesusa.com/Data | ||
Franchising Landscape
The estimated average household income in Pembroke Pines stands at $118,357, indicating a community with significant spending power. This, coupled with an estimated average household net worth of $530,393, suggests that there is a potential market for franchises in industries that cater to discretionary spending.
Read More
The data also reveals a substantial investment in shelter, with total housing expenditures hitting $1.02 billion annually. This presents an opportunity for franchises in the home services industry, such as home renovation, landscaping, or interior design services. With a median home value of $356,646 and a significant portion of homes built between 1980 to 1999, there is potential for franchises specializing in home upgrades and maintenance to thrive.
Transportation is another notable industry in Pembroke Pines, with annual transportation expenditures amounting to $880.5 million. Automotive franchises, particularly those offering vehicle maintenance and repair services, could be successful. The high percentage of households with 2 vehicles available (38.8%) further underpins this opportunity, suggesting a market reliant on private transportation with the need for automotive services.
Lastly, the entertainment sector could be a lucrative franchise industry. Pembroke Pines residents spend $278.2 million on entertainment annually. A franchise that offers innovative entertainment options such as family entertainment centers, escape rooms, or virtual reality experiences could capitalize on this spending behavior.
Explore the franchise listings below and take the first step towards a rewarding business venture.
Pembroke Pines, 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.