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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 Pompano Beach, Florida | ||
| Data | Pompano Beach, FL | Nationwide |
|---|---|---|
| Population | 118.88 thousand | 333.2 million |
| Proj. 5 Year Population Growth | -9.4217% | 0.5% |
| Median Household Income | $84,457 | $74,580 |
| Median Age | 42.94 | 38.9 |
| Residents per Business | 1 to 10 | 10 to 1 |
| Annual Household Expenditures | $3.26 billion | $23.9 trillion |
| City Data retrieved from https://sitesusa.com/Data | ||
Franchising Landscape
The food and beverage industry appears to be a promising opportunity in Pompano Beach, Florida. Food and beverage expenditures in the city are over $478.82 million annually. Given Pompano Beach's coastal location, a franchise that offers fresh seafood or dining experiences that leverage the beachfront ambiance could cater to both residents and tourists, amplifying potential success.
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Health and fitness franchises also have a compelling case in Pompano Beach, FL. The average household net worth is substantial at $433,269, which suggests that there is potential spending power for services that cater to lifestyle and wellness. Considering the annual health care expenditure of $276.7 million, there is clear evidence that the population values health and well-being, which could translate into a demand for fitness centers, wellness programs, and related services.
Real estate services are another area to consider for franchising due to the dynamic housing market in Pompano Beach. The owner-occupied median home value is $319,301, and with a variety of housing units present in the area, there is a need for services that assist in buying, selling, and managing property. Moreover, the projected population growth of 2.0% from 2023 to 2028 suggests ongoing real estate activity, providing a consistent client base for a franchise in this sector.
Explore the franchise listings below and take the first step towards a rewarding business venture.
Pompano Beach, Florida Franchise Opportunities (and Businesses for Sale)
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