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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: Port St. Lucie, FL 2024 | ||
Data | Port St. Lucie, FL | Nationwide |
---|---|---|
Population | 237.72 thousand | 333.2 million |
Proj. 5 Year Population Growth | -22.2335% | 0.5% |
Median Household Income | $109,927 | $74,580 |
Median Age | 42.48 | 38.9 |
Residents per Business | 1 to 23 | 10 to 1 |
Annual Household Expenditures | $9.11 billion | $23.9 trillion |
City Data retrieved from https://sitesusa.com/Data |
The automotive industry stands out as a prospective franchise avenue. With an estimated 156,677 total vehicles available and an average of 1.8 vehicles per household, there's a substantial market for automotive services. Furthermore, 43.2% of households have 2 vehicles available, indicating a high rate of vehicle ownership which could sustain businesses such as car maintenance, repair shops, and car wash franchises. The data suggests a significant portion of the population relies on personal transportation, with 81.6% driving to work alone, which underscores the continuous need for automotive services.
Read MoreThe home services industry is another sector with high potential, given the structure of housing and the demographics of the city. With 83.3% of housing units being detached units and a high owner-occupied median home value of $276,308, there is a clear indication of a homeowner market with income that could be directed towards home improvement and maintenance services. Home services franchises that focus on landscaping, cleaning, renovation, or home care could find a ready market here, more so considering the historical annual growth in housing units (2020-2023) of 11,389 units.
Lastly, education-related franchises might find fertile ground in Port St. Lucie. The data shows a total annual consumer expenditure on education of $168.01 million, which indicates a community valuing educational development. This, coupled with a significant number of households with children (15% with 3 persons and 13.8% with 4 persons), suggests a demand for educational services which could range from tutoring centers to educational material suppliers and child development programs.
Explore the franchise listings below and take the first step towards a rewarding business venture.
Order | Franchise Name | Industry Name | Available Capital | ||
---|---|---|---|---|---|
1 | The UPS Store | Printing Packing & Shipping | $75,000 | ||
2 | Healthy YOU Vending | Vending Franchises | $25,000 | ||
3 | Batteries Plus | Retail Franchises | $100,000 | ||
4 | SiteSwan Website Builder | Business Opportunities | $199 | ||
5 | PostalAnnex+ | Printing Packing & Shipping | $70,000 | ||
6 | Zoomin Groomin | Pet Franchises | $90,000 | ||
7 | American Business Systems, LLC | Financial Franchises | $30,000 | ||
8 | My Business Venture | Computer & Internet Franchises | $10,000 | ||
9 | CR3 American Exteriors | Home Services & Repair Franchises | $75,000 | ||
10 | Expedia Cruises | Travel Franchises | $100,000 |
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