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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 Little Elm, Texas | ||
| Data | Little Elm, TX | Nationwide |
|---|---|---|
| Population | 54.16 thousand | 333.2 million |
| Proj. 5 Year Population Growth | -21.3452% | 0.5% |
| Median Household Income | $135,850 | $74,580 |
| Median Age | 33.82 | 38.9 |
| Residents per Business | 1 to 45 | 10 to 1 |
| Annual Household Expenditures | $1.64 billion | $23.9 trillion |
| City Data retrieved from https://sitesusa.com/Data | ||
Franchising Landscape
With an estimated population of 54,161 in 2023 and a projected growth to 67,103 by 2028, Little Elm, TX is an expanding community. The population density stands at 2,443 people per square mile, indicating a relatively concentrated population which is beneficial for businesses that rely on foot traffic and community presence. The estimated average household income is $135,850, which suggests spending power within the community.
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Given the average household income and a median household income of $112,357, the retail franchise industry holds substantial promise. With the total annual retail expenditure projected at $774.23 million in Little Elm, there's a clear indication of a strong market for new retail franchises. Specialty retail stores that cater to the needs and preferences of an affluent population could be particularly successful. For example, luxury goods, high-end home decor, and technology stores could find a ready market in Little Elm.
The health and fitness industry is another sector ripe for development in Little Elm. With the total health care consumer expenditure at $132.67 million annually, there is a clear demand for health-related services. Franchises that offer innovative fitness solutions, wellness programs, and nutrition counseling could capitalize on this trend. Additionally, the emphasis on personal care, indicated by an expenditure of $22.09 million, suggests that health and wellness franchises that include spa and beauty services could also thrive.
Home services franchises would also be a strategic fit for Little Elm's growing community. Considering the town's high percentage of owner-occupied housing units (67.4%) and a median home value of $343,120, there is potential for franchises specializing in home improvement, landscaping, and maintenance services. The data shows that residents are invested in their homes, and with the projected growth in households (from 18,843 in 2023 to 23,972 in 2028), these types of services will likely be in increasing demand.
Explore the franchise listings below and take the first step towards a rewarding business venture.
Little Elm, Texas Franchise Opportunities (and Businesses for Sale)
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