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: Philadelphia, PA 2024 | ||
| Data | Philadelphia, PA | Nationwide |
|---|---|---|
| Population | 1.56 million | 333.2 million |
| Proj. 5 Year Population Growth | 5.7641% | 0.5% |
| Median Household Income | $93,677 | $74,580 |
| Median Age | 34.62 | 38.9 |
| Residents per Business | 1 to 27 | 10 to 1 |
| Annual Household Expenditures | $55.18 billion | $23.9 trillion |
| City Data retrieved from https://sitesusa.com/Data | ||
Franchising Landscape
The City of Brotherly Love is a hotbed for new businesses. Entrepreneurs can feel confident investing in a variety of industries in Philadelphia. Analyzing the local transportation data, nearly 30% of workers do so remotely. This data marks Philly as a great spot for a new home-based franchise.
43.5% drive to work alone.
12.5% travel to work by public transportation.
1.5% bicycle to work.
6.1% walk to work.
27.8% work at home
We can glean insights into Philly’s consumer spending when analyzing the annual expenditures in the city. With over $5 billion spent on shelter annually, a home services franchise could find a receptive market in Philadelphia. 43.5% of workers in Philadelphia drive to work, combined with nearly $5 billion spent on transportation every year, creating an ideal locale for new automotive franchises.
Food and Beverages: $3.83 billion
Shelter: $5.6 billion
Transportation: $4.6 billion
Health Care: $2.15 billion
Explore the franchise listings below and take the first step towards a rewarding business venture.
Philadelphia, Pennsylvania Franchise Opportunities (and Businesses for Sale)
| Order | Franchise Name | Industry Name | Available Capital | ||
|---|---|---|---|---|---|
| 1 |  | Zoomin Groomin | Pet Franchises | $90,000 | |
| 2 |  | GarageExperts | Home Services & Repair Franchises | $60,000 | |
| 3 |  | Health Atlast | Health & Fitness Franchises | $300,000 | |
| 4 |  | BrightStar Care | Senior Care Franchises | $100,000 | |
| 5 |  | Batteries Plus | Retail Franchises | $100,000 | |
| 6 |  | Healthy YOU Vending | Vending Franchises | $25,000 | |
| 7 |  | American Business Systems, LLC | Financial Franchises | $30,000 | |
| 8 |  | Automated Investments | Business Opportunities | $100,000 | |
| 9 |  | Zoom Room | Pet Franchises | $200,000 | |
| 10 |  | My Business Venture | Computer & Internet Franchises | $10,000 |
Is Philadelphia Be the Right Place to Launch Your Franchise?
- What's the business landscape like in Philadelphia?
- Is there a reliable workforce for my franchise?
- Are operational costs affordable in Philadelphia?
- How financially stable is the community?
- What makes Philadelphia a great fit for franchise owners?
Question:What's the business landscape like in Philadelphia?
Answer:Philadelphia is home to 645,324 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 577,827 employed individuals, providing a steady and loyal workforce for franchise owners.
Question:Are operational costs affordable in Philadelphia?
Answer:Absolutely. With a median rent of $1,075, franchise owners in Philadelphia 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 Philadelphia is $93,677, supporting a stable and engaged customer base.
Question:What makes Philadelphia a great fit for franchise owners?
Answer:With 726,797 housing units and a strong sense of community, Philadelphia 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.