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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 Philadelphia, Pennsylvania | ||
| Data | Philadelphia, PA | Nationwide |
|---|---|---|
| Population | 1.58 million | 333.2 million |
| Proj. 5 Year Population Growth | 5.1246% | 0.5% |
| Median Household Income | $97,451 | $74,580 |
| Median Age | 34.54 | 38.9 |
| Residents per Business | 1 to 28 | 10 to 1 |
| Annual Household Expenditures | $44.2 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)
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.