Tallahassee, Florida Franchise Market Analysis
To gain comprehensive insights into Tallahassee, Florida, consider these figures in the table below, which include demographic segments, household dynamics, and financial averages, all pivotal in assessing the viability and promise of your franchise endeavor.
Tallahassee, Florida Demographic Insights | ||
Households (2023) | 85,082 | |
Households (2028) | 89,329 | |
Population (2023) | 195,537 | |
Population (2028) | 201,962 | |
Per capita Income (2023) | $40,785 | |
Total Household Expenditures | $5,574,156,589 | |
Total Retail Expenditures | $2,615,954,995 | |
Average Household Income (2023) | $92,823 | |
Average Household Income (2028) | $95,011 | |
City Data retrieved from https://sitesusa.com/Data |
Local Insights
Looking at home services in Tallahassee, the substantial owner-occupied housing rate of 47.5% and median home value of $243,025 indicate a homeowner base with an inherent interest in maintaining and enhancing property values. This is underscored by the potential sales of $66 million for home centers, compared to actual sales of $54.91 million, signifying room for growth in the home improvement and maintenance franchise sector.
Read MoreFor the automotive industry, it's noteworthy that the average vehicle per household in Tallahassee is 1.6, and a total of 139,234 vehicles are available among households. With such a high rate of vehicle ownership, franchises that provide automotive services, like repairs, maintenance, and car washes, could find a receptive market in Tallahassee.
Lastly, the food industry in Tallahassee presents potential, with food and beverage consumer expenditures reaching $819.18 million annually. With a high percentage of the total household expenditure going to food and beverages (14.7%), there's room for new culinary concepts. Fast-casual, health-conscious eateries or ethnic cuisine could fill a niche in the Tallahassee market.
Explore the franchise listings below and take the first step towards a rewarding business venture.
Tallahassee, Florida Franchise Opportunities (and Businesses for Sale)
My Business Venture gives you the ability to start an online business from your home. We provide you access up to 1 million products & you chose up to 2,000 you want to feature on your website! MBV’s 10% Price Guarantee on…
3,995 Minimum Cash Required
ATAX Tax Service is your premier destination for comprehensive and reliable tax assistance.
40k Minimum Cash Required
Wings Etc. is a sports-themed, family-friendly restaurant and pub with over 30 years of industry-leading experience. With a diverse menu featuring Award-Winning Jumbo Wings, Premium Burgers, Wraps, Salads, Cold Beers, and…
350k Minimum Cash Required
Sniffing around for a great new opportunity? Zoomin Groomin is expanding our Mobile Pet Grooming business nationwide. Set your own schedule, be your own boss and work with pets all day. We’ll be right by your side, every…
100k Minimum Cash Required
VOTED TOP PART TIME - WORK AT HOME BUSINESS! Are You Looking to Make an Additional $100,000 in the Next 12 Months - No Employees to Hire - No Equipment to Rent/Buy - No Office/Warehouse to Rent/Lease - Start Making money in…
30k Minimum Cash Required
Today's busy lifestyles demand the services PostalAnnex+ offers. Capitalize on this demand and open your own business!! After retiring from the printing business PostalAnnex+ founder Jack Lentz began working out of his…
70k Minimum Cash Required
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As of May 18, 2024: