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The table below offers a collection of data aimed at giving potential franchisees a glimpse into their market landscape. Click Read More to delve deeper, uncovering additional information to assist you in making a well-informed decision. These insights are tailored to highlight the opportunities in your city as you consider a franchise purchase.
| Key Data Points: Austin, TX 2024 | ||
| Data | Austin, TX | Nationwide |
|---|---|---|
| Population | 995.7 thousand | 333.2 million |
| Proj. 5 Year Population Growth | -1.9773% | 0.5% |
| Median Household Income | $148,583 | $74,580 |
| Median Age | 33.95 | 38.9 |
| Residents per Business | 1 to 16 | 10 to 1 |
| Annual Household Expenditures | $51.57 billion | $23.9 trillion |
| City Data retrieved from https://sitesusa.com/Data | ||
Franchising Landscape
Austin’s relatively low median age of 33, within a 5 mile radius of the city's center, is a hallmark of a youthful population. This demographic is often associated with a willingness to embrace new technologies and innovative business models, such as low-cost franchises. The tech-savvy nature of this population segment bodes well for tech-centric franchises, especially those operating in the digital space or leveraging modern technologies to enhance customer experience.
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With a substantial portion of the population engaged in management, business, and financial operations at 25.2%, and professional or related roles at 33.6%, Austin has a well-rounded employment landscape. The presence of a strong white-collar workforce potentially indicates a market with high levels of disposable income, which is a positive sign for businesses. Moreover, the high prevalence of remote working at 39.4% suggests a comfort with digital platforms, opening doors for home-based franchise models in various sectors.
The consumer expenditure data reveals a community with robust spending habits. With retail expenditure totaling $6.72 billion and significant spending in categories like food and beverages, entertainment, and health care, there's a clear indication of a market with a penchant for retail franchises. Businesses for sale in the retail sector, especially those offering unique or premium products and services, may find an eager audience in Austin.
Austin's youthful demographic, with a significant 33.2% aged between 20 to 34, presents a ripe market for innovative business opportunities. This age group, known for its tech-savviness and adaptability, could be an ideal audience for franchises like digital fitness platforms, quick-service food restaurants with app-based ordering systems, or experimental retail brands. Their openness to new technologies and modern business models makes Austin a conducive environment for franchises looking to capture the attention of a young, energetic, and digitally adept audience.
Considering the youthful demographic, tech-adaptability, and substantial consumer spending, Austin presents a fertile ground for a range of franchise opportunities. Tech-based businesses, retail outlets, health and wellness centers, and educational franchises stand to benefit from the existing market dynamics. Innovative business models that blend digital convenience with exceptional in-person experiences could resonate well with Austin's dynamic and discerning consumer base.
Austin presents a unique opportunity for franchise owners, with 446,386 businesses serving the local community. With fewer businesses compared to larger markets, franchise owners can benefit from less direct competition while still tapping into a steady local economy.
Annual retail expenditures total $24.09 billion, reflecting steady consumer demand, while an average household income of $148,583 supports local spending. Additionally, the area's affordability—including a median rent of $1,466—reflects an accessible market, making Austin an attractive option for new franchises looking to grow with strong community support.
With 443,342 housing units and a strong sense of community, Austin offers a business-friendly environment where franchises can build lasting customer relationships and long-term stability.
Explore the franchise listings below and take the first step towards a rewarding business venture.
Austin, Texas Franchise Opportunities (and Businesses for Sale)
| Order | Franchise Name | Industry Name | Available Capital | ||
|---|---|---|---|---|---|
| 1 |  | Batteries Plus | Retail Franchises | $100,000 | |
| 2 |  | Automated Investments | Business Opportunities | $100,000 | |
| 3 |  | Zoomin Groomin | Pet Franchises | $90,000 | |
| 4 |  | American Business Systems, LLC | Financial Franchises | $30,000 | |
| 5 |  | Healthy YOU Vending | Vending Franchises | $25,000 | |
| 6 |  | GarageExperts | Home Services & Repair Franchises | $60,000 | |
| 7 |  | BrightStar Care | Senior Care Franchises | $100,000 | |
| 8 |  | My Business Venture | Computer & Internet Franchises | $10,000 | |
| 9 |  | SiteSwan Website Builder | Business Opportunities | $199 | |
| 10 |  | Village Idiot Pizza | Food Franchises | $250,000 |
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