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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 Frisco, Texas | ||
| Data | Frisco, TX | Nationwide |
|---|---|---|
| Population | 224 thousand | 333.2 million |
| Proj. 5 Year Population Growth | -19.8942% | 0.5% |
| Median Household Income | $179,280 | $74,580 |
| Median Age | 36.01 | 38.9 |
| Residents per Business | 1 to 20 | 10 to 1 |
| Annual Household Expenditures | $8.63 billion | $23.9 trillion |
| City Data retrieved from https://sitesusa.com/Data | ||
Franchising Landscape
Frisco, TX, with an estimated population of 224,003 in 2023, is projected to grow by 4.4% annually to reach 273,489 by 2028. This steady population increase coupled with a high median household income of $147,402 in 2023 suggests a consumer base with substantial spending power. The high percentage of households earning over $200,000 (33.4%) and a strong white-collar workforce (82.3%) further reinforce the economic vibrancy of the city. Given this data, the real estate industry presents a promising franchise opportunity. The significant growth in housing units, with a 98.5% occupancy rate and a median home value of $470,961, demonstrates robust demand and spending in the housing market, which could be advantageous for franchises specializing in real estate services.
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The average household in Frisco has 1.9 vehicles, with 46.1% of households having two vehicles available, indicating a reliance on personal transportation. Automotive service franchises can capitalize on this, offering maintenance and repair services to ensure the functionality of vehicles for the substantial number of daily commuters.
With an annual consumer expenditure on food and beverages reaching $1.23 billion, the food industry stands out as a lucrative sector for franchising. The city's affluence, shown by an average household income of $179,280, suggests that there's disposable income available for dining out. A food franchise that caters to the preferences of a community with high discretionary spending could thrive, especially if it aligns with the local demographic's tastes and lifestyle.
Lastly, the significant expenditure on health care ($667.97 million annually) indicates a heightened awareness and commitment to health and fitness. Health and fitness franchises can tap into this market by offering gyms, specialized fitness centers, or wellness programs that cater to the busy schedules of professionals.
Explore the franchise listings below and take the first step towards a rewarding business venture.
Frisco, Texas Franchise Opportunities (and Businesses for Sale)
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