Franchises for Sale in Palm Bay, Florida
Palm Bay, Florida Franchise Opportunities (and Businesses for Sale)
| Order | Franchise Name | Industry Name | Available Capital | ||
|---|---|---|---|---|---|
| 1 |  | Batteries Plus | Retail Franchises | $100,000 | |
| 2 |  | Automated Investments | Business Opportunities | $100,000 | |
| 3 |  | Ledgers | Business Services | $50,000 | |
| 4 |  | Zoomin Groomin | Pet | $90,000 | |
| 5 |  | Apricot Lane | Retail Franchises | $80,000 | |
| 6 |  | FranServe - Become a Franchise Consultant! | Business Services Franchises | $50,000 | |
| 7 |  | PostalAnnex+ | Printing Packing & Shipping | $70,000 | |
| 8 |  | My Business Venture | Computer & Internet Franchises | $10,000 | |
| 9 |  | Mathnasium Learning Centers | Education Franchises | $100,000 | |
| 10 |  | Dickey's Barbecue Pit | Food | $100,000 |
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 December 23, 2024: