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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 Winter Haven, Florida | ||
| Data | Winter Haven, FL | Nationwide |
|---|---|---|
| Population | 60.08 thousand | 333.2 million |
| Proj. 5 Year Population Growth | -26.7489% | 0.5% |
| Median Household Income | $73,759 | $74,580 |
| Median Age | 42.69 | 38.9 |
| Residents per Business | 1 to 18 | 10 to 1 |
| Annual Household Expenditures | $1.38 billion | $23.9 trillion |
| City Data retrieved from https://sitesusa.com/Data | ||
Franchising Landscape
Analyzing the data for Winter Haven, FL, one can deduce several viable franchise industries. The estimated population for 2023 stands at 60,080, with a projected increase to 78,632 by 2028, indicating a robust projected annual growth rate of 6.2%. This population growth is complemented by a significant increase in households, from an estimated 24,352 in 2023 to a projected 32,355 in 2028. The growing population and household numbers present an opportunity for the food industry. With the total annual food and beverage consumer expenditures amounting to $203.04 million, a franchise that provides quick, convenient dining options could cater to busy working individuals and expanding families alike.
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Healthcare expenditures in Winter Haven are significant, with $118.33 million spent in this sector. This, paired with an estimated average household income of $73,759, indicates a community with the means and desire to invest in health and wellness. Thus, a franchise in the health and fitness industry, offering gyms, wellness programs, or even health food stores, could meet the demands of a health-conscious consumer base.
The transportation data in Winter Haven reveals that 13.6% of the workforce works from home. This suggests that there is a segment of the population that may require business services that cater to remote work. Franchises that offer co-working spaces, office supplies, and technology services could tap into this market by providing resources and environments conducive to productivity for these home-based professionals.
Explore the franchise listings below and take the first step towards a rewarding business venture.
Winter Haven, Florida Franchise Opportunities (and Businesses for Sale)
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