Franchises for Sale in Palm Bay, Florida
Palm Bay, Florida Franchise Opportunities (and Businesses for Sale)
| Order | Franchise Name | Industry Name | Available Capital | ||
|---|---|---|---|---|---|
| 1 |  | Automated Investments | Business Opportunities | $100,000 | |
| 2 |  | GarageExperts | Home Services & Repair Franchises | $60,000 | |
| 3 |  | The UPS Store | Printing Packing & Shipping | $75,000 | |
| 4 |  | Zoomin Groomin | Pet | $90,000 | |
| 5 |  | Proper Ecom | Business Opportunities | $50,000 | |
| 6 |  | Batteries Plus | Retail Franchises | $100,000 | |
| 7 |  | Lightspeed Restoration | Home Services & Repair Franchises | $100,000 | |
| 8 |  | Village Idiot Pizza | Food Franchises | $250,000 | |
| 9 |  | My Business Venture | Computer & Internet Franchises | $10,000 | |
| 10 |  | Blue Coast Savings Consultants | Financial Franchises | $70,000 |
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 (2024) | 52,488 | |
| Households (2029) | 61,552 | |
| Population (2024) | 137,060 | |
| Population (2029) | 163,905 | |
| Per capita Income (2024) | $36,954 | |
| Total Household Expenditures | $4,936,910,624 | |
| Total Retail Expenditures | $2,622,997,854 | |
| Average Household Income (2024) | $96,336 | |
| Average Household Income (2029) | $100,858 | |
| 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.
Could Palm Bay Be the Perfect Spot for Your Franchise?
- Is Palm Bay a financially stable market for a franchise?
- How big is the customer base in Palm Bay?
- What's the spending potential of Palm Bay?
- Is there a workforce to support franchise operations?
- What about the financial stability of the community?
- How stable is the housing market in Palm Bay?
- Why should I consider a franchise in Palm Bay?
Is Palm Bay a financially stable market for a franchise?
With a median household income of $69,304 and 39,117 owner-occupied homes, Palm Bay reflects a community with stable earning potential and long-term investment in the area. Local spending habits, totaling $4.94 billion annually, highlight consistent demand for goods and services.
How big is the customer base in Palm Bay?
Palm Bay has 137,060 residents and 52,488 households, providing a solid customer base. With fewer competing businesses, franchises have greater opportunities to build strong brand loyalty and establish a trusted presence in the community.
What's the spending potential of Palm Bay?
Residents contribute $4.94 billion annually in household expenditures. This suggests an opportunity to serve unmet needs or provide unique offerings tailored to the community.
Is there a workforce to support franchise operations?
Yes! Palm Bay has 34,168 employed individuals, providing a dependable labor pool. With a strong sense of community and fewer competing employers, businesses often benefit from higher employee retention and a committed workforce.
What about the financial stability of the community?
With a median household income of $69,304, Palm Bay offers a cost-effective market where franchises can succeed by offering affordable, value-driven options.
How stable is the housing market in Palm Bay?
With 39,117 owner-occupied homes, Palm Bay reflects a community invested in local growth, offering fertile ground for franchises that prioritize local engagement.
Why should I consider a franchise in Palm Bay?
While the market is smaller, fewer competitors, lower operating costs, and strong community ties make Palm Bay an ideal location for businesses offering essential services or niche products.
Explore the franchise listings below and take the first step towards a rewarding business venture.
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As of February 22, 2025: