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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: Pembroke Pines, FL 2024 | ||
| Data | Pembroke Pines, FL | Nationwide |
|---|---|---|
| Population | 163.05 thousand | 333.2 million |
| Proj. 5 Year Population Growth | -3.2703% | 0.5% |
| Median Household Income | $117,570 | $74,580 |
| Median Age | 40.79 | 38.9 |
| Residents per Business | 1 to 13 | 10 to 1 |
| Annual Household Expenditures | $6.46 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.
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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)
| Order | Franchise Name | Industry Name | Available Capital | ||
|---|---|---|---|---|---|
| 1 |  | E-Commerce Future USA | Business Opportunities | $30,000 | |
| 2 |  | FranServe - Become a Franchise Consultant | Business Services | $50,000 | |
| 3 |  | Automated Investments | Business Opportunities | $100,000 | |
| 4 |  | My Business Venture | Computer & Internet Franchises | $10,000 | |
| 5 |  | Minuteman Press International | Printing, Copying, Shipping, Signs Franchises | $50,000 | |
| 6 |  | Zoomin Groomin | Pet Franchises | $90,000 | |
| 7 |  | Healthy YOU Vending | Vending Franchises | $25,000 | |
| 8 |  | FRSTeam | Home Services & Repair Franchises | $100,000 | |
| 9 |  | Poolwerx | Home Services & Repair Franchises | $80,000 | |
| 10 |  | Aire Serv | Home Services & Repair Franchises | $50,000 |
Is Pembroke Pines the Right Place to Launch Your Franchise?
- What's the business landscape like in Pembroke Pines?
- Is there a reliable workforce for my franchise?
- Are operational costs affordable in Pembroke Pines?
- How financially stable is the community?
- What makes Pembroke Pines a great fit for franchise owners?
Question:What's the business landscape like in Pembroke Pines?
Answer:Pembroke Pines is home to 59,945 businesses, meaning franchise owners can enter a market with less direct competition and a more localized customer base.
Question:Is there a reliable workforce for my franchise?
Answer:Yes! The city has 70,434 employed individuals, providing a steady and loyal workforce for franchise owners.
Question:Are operational costs affordable in Pembroke Pines?
Answer:Absolutely. With a median rent of $1,697, franchise owners in Pembroke Pines can benefit from lower real estate costs, making it easier to secure commercial space.
Question:How financially stable is the community?
Answer:The average household income in Pembroke Pines is $117,570, supporting a stable and engaged customer base.
Question:What makes Pembroke Pines a great fit for franchise owners?
Answer:With 66,523 housing units and a strong sense of community, Pembroke Pines provides a stable market where franchises can establish long-term success.
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.