Port St. Lucie, Florida Franchise Market Analysis
To gain comprehensive insights into Port St. Lucie, 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.
Port St. Lucie, Florida Demographic Insights | ||
Households (2023) | 85,590 | |
Households (2028) | 109,543 | |
Population (2023) | 231,236 | |
Population (2028) | 294,380 | |
Per capita Income (2023) | $34,330 | |
Total Household Expenditures | $5,695,140,626 | |
Total Retail Expenditures | $2,695,954,903 | |
Average Household Income (2023) | $92,657 | |
Average Household Income (2028) | $77,695 | |
City Data retrieved from https://sitesusa.com/Data |
Local Insights
With an average household net worth of $404,800, and considering the projected population growth of 5.5% from 2023 to 2028, the healthcare and senior care industries have significant potential in Port St. Lucie. There is a current gap in Health and Personal Care Stores, with potential sales of $96.65 million and actual sales at $63.46 million, which further emphasizes the opportunity in this sector. Franchises that offer specialized healthcare services, medical equipment, and senior care could meet this expanding demand.
Read MoreThe reliance on personal vehicles in Port St. Lucie is highlighted by the 43.2% of households with two or more vehicles, coupled with 81.6% of workers commuting by car. This is reflected in the Motor Vehicle and Parts Dealers sector, which shows a notable sales potential of $533.99 million against actual sales of $237.15 million. A franchise that offers a comprehensive range of automotive services, including new and used car sales, repair services, and parts, is well-positioned to capture a significant market share.
The Pet and Pet Supply Stores sector also shows promise, with potential sales at $21.45 million and actual sales at $13.46 million. This demonstrates an underserved market for pet-related services in the community. Franchises in pet care, grooming, and supplies have room to expand and fulfill the needs of pet owners in Port St. Lucie.
Explore the franchise listings below and take the first step towards a rewarding business venture.
Port St. Lucie, Florida Franchise Opportunities (and Businesses for Sale)
Did you know you could partner with a company to build out your entire e-commerce store, from product research to inventory acquisition to marketing? Yep! You can easily make 6-7 figures in passive income when we build your…
30k Minimum Cash Required
ATAX Tax Service is your premier destination for comprehensive and reliable tax assistance.
40k 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
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
Lawn Pride is a rapidly growing lawn care franchise, but you don't have to get your hands dirty to be an owner. Operating within a growing and recession-resilient industry that provides in-demand services, franchise…
50k 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
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As of May 15, 2024: