Florence, SC

Business Ideas & Market Opportunities

The Florence market is currently outpacing the national growth rate. Our analysis identifies 27 active sectors where local supply has not yet met the demand indicated by the national baseline.

Active Local Businesses

5,810

Total Competition Pool

Market Size

200K

Total Metro Population

5-Year Growth Rate

+8.7%

🔥 Outpacing US(+0.1% avg)

Underserved Sectors

67

Niches with LQ < 0.8

Analyst Tip

Viewing all opportunities. Use the View Mode toggle above to filter by business model, or search to find specific niches.

Showing 20 of 114 opportunities

Other Activities Related to Real Estate

Growth
+233.3%
Scale
$231K PAY
Saturation
0.84
10 establishments

Offices of Physicians, Mental Health Specialists

Growth
+150.0%
Scale
$157K PAY
Saturation
1.44
28 establishments

Home Health Care Services

Growth
+126.3%
Scale
$581K PAY
Saturation
2.06
43 establishments

Food Service Contractors

Growth
+107.7%
Scale
$599K PAY
Saturation
1.79
27 establishments

Tobacco Stores

Growth
+100.0%
Scale
$55K PAY
Saturation
1.70
18 establishments

General Freight Trucking, Local

Growth
+84.6%
Scale
$204K PAY
Saturation
1.03
24 establishments

Nail Salons

Growth
+77.8%
Scale
$8592.0M REV
Saturation
0.88
222 establishments

Offices of All Other Miscellaneous Health Practitioners

Growth
+71.4%
Scale
$6227.0M REV
Saturation
0.64
141 establishments

Electronic Shopping and Mail-Order Houses

Growth
+71.4%
Scale
$75K PAY
Saturation
0.42
12 establishments

Real Estate Credit

Growth
+71.4%
Scale
$169K PAY
Saturation
1.43
12 establishments

General Freight Trucking, Long-Distance, Truckload

Growth
+68.4%
Scale
$582K PAY
Saturation
1.07
32 establishments

Securities Brokerage

Growth
+55.6%
Scale
$734K PAY
Saturation
1.26
14 establishments

Convenience Stores

Growth
+54.5%
Scale
$47K PAY
Saturation
2.71
51 establishments

Jewelry Stores

Growth
+50.0%
Scale
$138K PAY
Saturation
1.47
15 establishments

Beauty Salons

Growth
+47.1%
Scale
$91K PAY
Saturation
0.57
985 establishments

Snack and Nonalcoholic Beverage Bars

Growth
+44.4%
Scale
$146.0M REV
Saturation
0.59
31 establishments

Painting and Wall Covering Contractors

Growth
+42.9%
Scale
$180K PAY
Saturation
0.51
10 establishments

Florists

Growth
+42.9%
Scale
$53K PAY
Saturation
1.84
10 establishments

Other Residential Care Facilities

Growth
+37.5%
Scale
$308K PAY
Saturation
3.94
11 establishments

Wireless Telecommunications Carriers (except Satellite)

Growth
+36.4%
Scale
$378K PAY
Saturation
1.22
15 establishments

Analyst Insights & Due Diligence

Administrative data provides the map, but not the terrain. We recommend three specific validation steps for Florence:

1

Demographic Fit

Does the local population age or income level explain the "Supply Gaps"? (e.g., A gap in luxury services may be due to lower local income).

2

Regulatory Check

Verify local licensing requirements. High barriers to entry often protect "High Yield" sectors from new competition.

3

Competitor Health

Investigate the "Momentum" sectors. Are existing businesses thriving, or is the growth due to high turnover and failure rates?