Please Confirm
Are you sure you wish to REMOVE from your request basket?
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 Irvine, California | ||
| Data | Irvine, CA | Nationwide |
|---|---|---|
| Population | 321.92 thousand | 333.2 million |
| Proj. 5 Year Population Growth | -6.4222% | 0.5% |
| Median Household Income | $165,783 | $74,580 |
| Median Age | 33.82 | 38.9 |
| Residents per Business | 1 to 14 | 10 to 1 |
| Annual Household Expenditures | $12.19 billion | $23.9 trillion |
| City Data retrieved from https://sitesusa.com/Data | ||
Franchising Landscape
The real estate industry appears to be a lucrative area for franchising in Irvine, CA. With an estimated average household income of $165,783 in 2023 and a projected increase to $170,100 by 2028, residents have significant purchasing power. Additionally, the owner-occupied median home value is high at $944,595, indicating a robust housing market. This financial backdrop, combined with the fact that 43.1% of homes are valued at $1,000,000 or more, suggests that a franchise specializing in real estate services could benefit from the high-end property transactions and the associated service needs.
Read More
Another industry in Irvine to consider is education. With a significant portion ($464.35 million) spent annually on education, there is a clear demand for educational services in Irvine. Considering the sizable population of households with children (e.g., 17.9% three-person households), educational franchises such as tutoring centers, early childhood education, and enrichment programs could address the needs of families seeking supplemental education for their children.
Lastly, the food and beverage industry should not be overlooked. Irvine residents spend a substantial $1.74 billion on food and beverages annually. The presence of over 23,366 businesses and a total employee count of 285,166 indicates a large working population that could be looking for convenient dining options. A franchise that offers quick-service restaurants, cafes, or even health-conscious eateries could cater to the busy professionals and the general population's taste for quality and convenience.
Explore the franchise listings below and take the first step towards a rewarding business venture.
Irvine, California Franchise Opportunities (and Businesses for Sale)
At Franchise Ventures, 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.