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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: Irving, TX 2024 | ||
| Data | Irving, TX | Nationwide |
|---|---|---|
| Population | 250.92 thousand | 333.2 million |
| Proj. 5 Year Population Growth | 2.1209% | 0.5% |
| Median Household Income | $117,970 | $74,580 |
| Median Age | 32.12 | 38.9 |
| Residents per Business | 1 to 18 | 10 to 1 |
| Annual Household Expenditures | $10.08 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)
| Order | Franchise Name | Industry Name | Available Capital | ||
|---|---|---|---|---|---|
| 1 |  | GarageExperts | Home Services & Repair Franchises | $60,000 | |
| 2 |  | Healthy YOU Vending | Vending Franchises | $25,000 | |
| 3 |  | Zoomin Groomin | Pet Franchises | $90,000 | |
| 4 |  | BrightStar Care | Senior Care Franchises | $100,000 | |
| 5 |  | Automated Investments | Business Opportunities | $100,000 | |
| 6 |  | Batteries Plus | Retail Franchises | $100,000 | |
| 7 |  | American Business Systems, LLC | Financial Franchises | $30,000 | |
| 8 |  | SiteSwan Website Builder | Business Opportunities | $199 | |
| 9 |  | Zoom Room | Pet Franchises | $200,000 | |
| 10 |  | Jeff's Bagel Run | Food | $500,000 |
Is Irving Be the Right Place to Launch Your Franchise?
- What's the business landscape like in Irving?
- Is there a reliable workforce for my franchise?
- Are operational costs affordable in Irving?
- How financially stable is the community?
- What makes Irving a great fit for franchise owners?
Question:What's the business landscape like in Irving?
Answer:Irving is home to 93,834 businesses, meaning franchise owners can enter a market with less direct competition and a more localized customer base.
Question:Is there a reliable workforce for my franchise?
Answer:Yes! The city has 192,273 employed individuals, providing a steady and loyal workforce for franchise owners.
Question:Are operational costs affordable in Irving?
Answer:Absolutely. With a median rent of $1,295, franchise owners in Irving can benefit from lower real estate costs, making it easier to secure commercial space.
Question:How financially stable is the community?
Answer:The average household income in Irving is $117,970, supporting a stable and engaged customer base.
Question:What makes Irving a great fit for franchise owners?
Answer:With 101,647 housing units and a strong sense of community, Irving provides a stable market where franchises can establish long-term success.
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.