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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 Irving, Texas | ||
| Data | Irving, TX | Nationwide |
|---|---|---|
| Population | 254.12 thousand | 333.2 million |
| Proj. 5 Year Population Growth | -2.8014% | 0.5% |
| Median Household Income | $117,428 | $74,580 |
| Median Age | 31.6 | 38.9 |
| Residents per Business | 1 to 18 | 10 to 1 |
| Annual Household Expenditures | $7.39 billion | $23.9 trillion |
| City Data retrieved from https://sitesusa.com/Data | ||
Franchising Landscape
The data offers a comprehensive insight into the demographics and economic landscape of Irving, Texas, which can be instrumental in identifying suitable franchise opportunities. With an estimated population of 254,119 in 2023 and a projected growth to 261,339 by 2028, coupled with an estimated average household income of $117,428 in 2023 and a projected increase to $124,509 by 2028, the city has a solid foundation for various franchise industries.
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Firstly, considering the significant portion of the population working from home (20.9%), a franchise in the home services industry could capitalize on the need for home improvement and maintenance services. The presence of 46.8% owner-occupied housing units further supports the demand for services such as landscaping, interior design, and handyman services.
Secondly, the health and fitness industry presents a promising opportunity. With an annual expenditure of $605.75 million on health care and a rising average household income, residents of Irving may be inclined towards investing in their health and wellbeing. A fitness franchise, especially one offering innovative and personalized fitness solutions, could tap into this market, providing services to a population that is becoming increasingly health-conscious.
Lastly, the food franchise industry is worth considering. Irving’s residents spend over $1.09 billion annually on food and beverages, indicating a robust market for food-related services.
Explore the franchise listings below and take the first step towards a rewarding business venture.
Irving, Texas Franchise Opportunities (and Businesses for Sale)
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