Franchises for Sale in Palm Bay, Florida
Palm Bay, Florida Franchise Opportunities (and Businesses for Sale)
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
Over 30 years of consistent growth. Ongoing support. Multiple revenue streams. Whether you’re looking into owning your very first store, or you’re interested in adding to your existing franchise portfolio, Batteries Plus…
100k Minimum Cash Required
Automated Investments is the pillar of e-Commerce automation. Automated Investments build and operate profitable and hands off Amazon FBA (Fulfilled-By-Amazon) businesses for their clients and investors. While the clients and…
100k Minimum Cash Required
Own a business that provides you the opportunity to help veterans, seniors, the disabled, caregivers, and others in your community. Keep them mobile by offering mobility products and equipment. Join Mobility Plus and start…
50k Minimum Cash Required
Here at The UPS Store franchise, we know first-hand how important a healthy work-life balance is. When you become an owner of a The UPS Store, you are assisted with finding the right balance as you pursue your entrepreneurial…
75k 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
To gain comprehensive insights into Palm Bay, 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.
| Palm Bay, Florida Demographic Insights | ||
| Households (2023) | 49,195 | |
| Households (2028) | 57,932 | |
| Population (2023) | 130,154 | |
| Population (2028) | 154,262 | |
| Per capita Income (2023) | $31,343 | |
| Total Household Expenditures | $3,018,292,320 | |
| Total Retail Expenditures | $1,427,912,916 | |
| Average Household Income (2023) | $82,776 | |
| Average Household Income (2028) | $75,189 | |
| City Data retrieved from https://sitesusa.com/Data | ||
Local Insights
The food services industry in Palm Bay is a promising area for franchise opportunities, particularly due to the city's growing population and significant gaps in food service sales. The data shows a total annual consumer expenditure of $487.09 million on food and beverages, and there are clear gaps in specific segments. For example, potential sales for limited-service restaurants are $53.98 million compared to actual sales of $43.07 million, indicating a significant opportunity. Similarly, special food services, such as catering, show a potential of $17.24 million against actual sales of $11.44 million. These gaps suggest that franchises in these categories can effectively tap into unmet market demand.
Read MoreHome services represent a burgeoning sector in Palm Bay, driven by increasing homeownership and residential development. With a projected annual growth in households of 3.1% from 2024 to 2029, and an estimated 51,095 households in 2024, there is a strong demand for home improvement, maintenance, and landscaping services. The city's median home value of $280,643 indicates a substantial investment in residential properties. Home services franchises in this sector can capitalize on the ongoing growth in the housing market.
Palm Bay presents potential for franchises in the business services sector, driven by the city's economic growth and the increasing number of businesses. As of 2024, Palm Bay has 4,325 businesses employing 23,717 individuals. The demand for business services such as marketing, consulting, IT support, and office supplies is substantial and growing. The average household income of $90,874 and a median household income of $67,693 indicate an economic environment where businesses can thrive and require various support services. Additionally, with a projected population growth of 3.5% annually from 2024 to 2029, the increasing number of businesses will further drive the demand for business services. Franchises in this sector can capitalize on providing essential services to these businesses, helping them optimize their operations and grow, thereby filling an essential niche in Palm Bay's business ecosystem.
Explore the franchise listings below and take the first step towards a rewarding business venture.
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As of November 22, 2024: