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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 for Fort Worth, Texas | ||
| Data | Fort Worth, TX | Nationwide |
|---|---|---|
| Population | 961.42 thousand | 333.2 million |
| Proj. 5 Year Population Growth | -10.2914% | 0.5% |
| Median Household Income | $109,573 | $74,580 |
| Median Age | 32.9 | 38.9 |
| Residents per Business | 1 to 26 | 10 to 1 |
| Annual Household Expenditures | $25.56 billion | $23.9 trillion |
| City Data retrieved from https://sitesusa.com/Data | ||
Franchising Landscape
Fort Worth is an ideal location for food and beverage franchises. With an annual consumer expenditure of approximately $961.18 million in 2023 allocated to food and beverages, the potential for growth in this industry is evident. Whether it's restaurants, cafes, or food delivery services, the city's residents are willing to spend on dining experiences.
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The city's median home age of approximately 53.4 years, creates a robust demand for home-related services. Home services franchises, including maintenance, renovation, and repair businesses, can tap into this burgeoning market. Residents in Fort Worth are willing to invest in improving their homes, with an annual consumer expenditure of approximately $258.2 million in 2023. This presents a substantial business opportunity for franchises offering services such as plumbing, electrical work, and home improvement.
Given the commuting population and transportation needs in Fort Worth, automotive-related franchises are well-positioned for success. Whether it's car repair shops, car washes, or auto detailing services, the city's residents rely heavily on personal vehicles. Notably, around 70.4% of the population drives to work alone, emphasizing the importance of automotive services. Additionally, Fort Worth's total consumer expenditure on transportation amounted to approximately $1.18 billion in 2023, highlighting the substantial spending in this industry.
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Fort Worth, Texas Franchise Opportunities (and Businesses for Sale)
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