Franchises for Sale in Palm Bay, Florida
Palm Bay, Florida Franchise Opportunities (and Businesses for Sale)
ATAX Tax Service is your premier destination for comprehensive and reliable tax assistance.
40k Minimum Cash Required
Ready to join the future of online shopping? Our E-Commerce Future Partner Program is your ticket in! Experience hands-off Amazon stores that effortlessly generate passive returns every month, taking advantage of Amazon’s…
30k 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…
19,750 Minimum Cash Required
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 2,500 you want to feature on your website! MBV’s 10% Price Guarantee on…
10k 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
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
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.
At Franchise Gator, we prioritize transparency and objectivity to empower your franchise decisions. Unlike brokers or franchisors, our motivations are unclouded by financial incentives tied to your choices. We don't earn based on the franchise you opt for, instead, our mission is to present you with impartial insights. Navigate through a realm of franchising opportunities with information you can trust.
Most Popular Industries & Categories
As of October 24, 2024: