Fort Lauderdale, Florida Franchise Market Analysis
To gain comprehensive insights into Fort Lauderdale, 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.
Fort Lauderdale, Florida Demographic Insights | ||
Households (2023) | 90,313 | |
Households (2028) | 97,721 | |
Population (2023) | 194,928 | |
Population (2028) | 211,743 | |
Per capita Income (2023) | $56,000 | |
Total Household Expenditures | $7,232,771,696 | |
Total Retail Expenditures | $3,381,501,152 | |
Average Household Income (2023) | $120,556 | |
Average Household Income (2028) | $120,405 | |
City Data retrieved from https://sitesusa.com/Data |
Local Insights
Fort Lauderdale is a thriving market for food-related franchises, underscored by a total annual consumer expenditure on food and beverages of approximately $1.05 billion. With an average household expenditure of $968 monthly on food, a projected population growth to 211,743 by 2028, and a high estimated average household income of $120,556, the city is ripe for both fast casual and fine dining food franchises.
Read MoreThere’s a marked opportunity for home services franchises in Fort Lauderdale, considering the median home value of $400,544 and the fact that the median age of homes is 46.5 years. With a significant number of homes potentially requiring maintenance and upgrades, the demand for home services is likely to remain strong. The market dynamics present a lucrative environment for franchises offering home improvements, maintenance, and repair services.
Fort Lauderdale’s retail landscape shows a compelling opportunity for franchises specializing in family clothing. With a market gap indicating potential sales at $64.32 million against actual sales at $37.85 million, there is a clear 41% market opportunity. This gap points to a considerable demand for family apparel that current retail offerings haven’t fulfilled. A retail franchise that can deliver a variety of apparel to meet the needs of the whole family has the potential to thrive in this underserved market.
Explore the franchise listings below and take the first step towards a rewarding business venture.
Fort Lauderdale, 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
First on the scene and best in its class, Sky Zone created the world’s first wall-to-wall trampoline park in 2004, bringing healthy, high-flying fun to people across the globe. Now you can be part of this international…
500k 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
Get started for as little as $15,000. Make an investment in your future. No franchise fees, setup fees or training costs. 100% of your investment goes to your business. Do you need work that can fit around your family…
15k Minimum Cash Required
American Business Systems has been America's Leader in Medical Billing with Unparalleled Training, and Support for over 25 years. $100k Potential working from anywhere, full-time or part-time. Learn more about this…
30k Minimum Cash Required
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As of May 4, 2024: