Jacksonville, Florida Franchise Market Analysis
To gain comprehensive insights into Jacksonville, 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.
Jacksonville, Florida Demographic Insights | ||
Households (2023) | 390,409 | |
Households (2028) | 423,780 | |
Population (2023) | 975,491 | |
Population (2028) | 1,068,153 | |
Per capita Income (2023) | $40,243 | |
Total Household Expenditures | $27,277,435,668 | |
Total Retail Expenditures | $12,847,583,276 | |
Average Household Income (2023) | $99,940 | |
Average Household Income (2028) | $98,723 | |
City Data retrieved from https://sitesusa.com/Data |
Local Insights
With an average household income of $99,940 and an average household net worth of $407,499, there is a significant capacity for spending in Jacksonville. The food industry in Jacksonville has a total annual consumer expenditure on food and beverages of $4.01 billion, pointing to opportunities for new and differentiated food service models.
Read MoreJacksonville's residents invest heavily in their living spaces, as indicated by a median home value of $241,382. The data shows potential in specific home service subsectors, such as nursery and garden stores with potential sales of $71.77 million against actual sales of $63.42 million, and outdoor power equipment stores with potential sales of $11.04 million compared to actual sales of $4.21 million. These figures highlight clear opportunities for franchises that cater to home improvement and outdoor living enhancements.
The pet industry in Jacksonville also reveals a significant market opportunity. The retail gap report shows potential sales for pet and pet supply stores at $101.45 million, while actual sales lag at $70 million. With many of Jacksonville's households having high incomes, this sector is ripe for new businesses that offer high-quality pet care, products, and services.
Explore the franchise listings below and take the first step towards a rewarding business venture.
Jacksonville, 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
Concrete Technology is part of the multi-billion dollar industry of concrete restoration and beautification. We are dedicated to training you for your success. Learn more about the costs, benefits, and available locations…
15k Minimum Cash Required
ATAX Tax Service is your premier destination for comprehensive and reliable tax assistance.
40k 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 17, 2024: