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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: McKinney, TX 2024 | ||
| Data | McKinney, TX | Nationwide |
|---|---|---|
| Population | 210.73 thousand | 333.2 million |
| Proj. 5 Year Population Growth | -11.5944% | 0.5% |
| Median Household Income | $161,306 | $74,580 |
| Median Age | 35.89 | 38.9 |
| Residents per Business | 1 to 24 | 10 to 1 |
| Annual Household Expenditures | $10.2 billion | $23.9 trillion |
| City Data retrieved from https://sitesusa.com/Data | ||
Franchising Landscape
The data on McKinney, TX, presents several promising opportunities for new franchises. The estimated population in 2023 stands at 204,996, which is projected to increase to 240,236 by 2028, indicating a growth rate of 3.4%. Additionally, the average household income is substantial at $149,788, with a median household income of $119,071. This suggests that the residents have a comfortable level of disposable income.
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The health and fitness industry appears to be a viable option for franchising in McKinney. With a substantial healthcare expenditure of $556.16 million, there is clear evidence of community investment in health and well-being. A fitness franchise could tap into this expenditure trend, offering gym memberships, wellness programs, and health-related products.
Secondly, the food and beverage industry holds potential due to the significant annual consumer expenditure in this category, which amounts to $1.01 billion. This demonstrates a strong market for eating out and food-related services. A food franchise, especially one that offers unique dining experiences or specializes in healthy eating options, could leverage the community’s propensity to allocate a considerable portion of their budget to food and beverages.
Furthermore, the education sector should be considered for franchising opportunities. With education expenses at $252.86 million, there’s a clear commitment to learning and development in the community. An educational services franchise that focuses on supplementary education, tutoring services, or even vocational training programs could cater to the community's dedication to educational advancement.
McKinney presents a unique opportunity for franchise owners, with 77,475 businesses serving the local community. With fewer businesses compared to larger markets, franchise owners can benefit from less direct competition while still tapping into a steady local economy.
Annual retail expenditures total $4.86 billion, reflecting steady consumer demand, while an average household income of $161,306 supports local spending. Additionally, the area's affordability—including a median rent of $1,598—reflects an accessible market, making McKinney an attractive option for new franchises looking to grow with strong community support.
With 73,057 housing units and a strong sense of community, McKinney offers a business-friendly environment where franchises can build lasting customer relationships and long-term stability.
Explore the franchise listings below and take the first step towards a rewarding business venture.
McKinney, Texas Franchise Opportunities (and Businesses for Sale)
| Order | Franchise Name | Industry Name | Available Capital | ||
|---|---|---|---|---|---|
| 1 |  | GarageExperts | Home Services & Repair Franchises | $60,000 | |
| 2 |  | Zoomin Groomin | Pet Franchises | $90,000 | |
| 3 |  | Batteries Plus | Retail Franchises | $100,000 | |
| 4 |  | Healthy YOU Vending | Vending Franchises | $25,000 | |
| 5 |  | SiteSwan Website Builder | Business Opportunities | $199 | |
| 6 |  | American Business Systems, LLC | Financial Franchises | $30,000 | |
| 7 |  | BrightStar Care | Senior Care Franchises | $100,000 | |
| 8 |  | Automated Investments | Business Opportunities | $100,000 | |
| 9 |  | Village Idiot Pizza | Food Franchises | $250,000 | |
| 10 |  | Fleet Services International | Auto Franchises | $100,000 |
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