Tallahassee, Florida Franchise Market Analysis
To gain comprehensive insights into Tallahassee, 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.
Tallahassee, Florida Demographic Insights | ||
Households (2023) | 85,082 | |
Households (2028) | 89,329 | |
Population (2023) | 195,537 | |
Population (2028) | 201,962 | |
Per capita Income (2023) | $40,785 | |
Total Household Expenditures | $5,574,156,589 | |
Total Retail Expenditures | $2,615,954,995 | |
Average Household Income (2023) | $92,823 | |
Average Household Income (2028) | $95,011 | |
City Data retrieved from https://sitesusa.com/Data |
Local Insights
Looking at home services in Tallahassee, the substantial owner-occupied housing rate of 47.5% and median home value of $243,025 indicate a homeowner base with an inherent interest in maintaining and enhancing property values. This is underscored by the potential sales of $66 million for home centers, compared to actual sales of $54.91 million, signifying room for growth in the home improvement and maintenance franchise sector.
Read MoreFor the automotive industry, it's noteworthy that the average vehicle per household in Tallahassee is 1.6, and a total of 139,234 vehicles are available among households. With such a high rate of vehicle ownership, franchises that provide automotive services, like repairs, maintenance, and car washes, could find a receptive market in Tallahassee.
Lastly, the food industry in Tallahassee presents potential, with food and beverage consumer expenditures reaching $819.18 million annually. With a high percentage of the total household expenditure going to food and beverages (14.7%), there's room for new culinary concepts. Fast-casual, health-conscious eateries or ethnic cuisine could fill a niche in the Tallahassee market.
Explore the franchise listings below and take the first step towards a rewarding business venture.
Tallahassee, Florida Franchise Opportunities (and Businesses for Sale)
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
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
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
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
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
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 May 4, 2024: