Texas, the Lone Star State, is a robust platform for franchisees and entrepreneurs. Ready to step into the franchising sphere in Texas? Let's uncover the extensive opportunities awaiting you in this dynamic state.
Texas leads the nation in franchise growth, housing 77,403 franchise outlets and employing over 826,000 individuals. In 2022, the franchise sector contributed a substantial $80.8 billion to the Texas economy.
The projection of 2,590 new franchise units in 2023, expected to create 863,312 jobs and add $85.4 billion to the economic output, highlights the escalating trajectory of franchising in Texas.
With a demographic makeup featuring a population of 30.5 million, a median age of 34.8 years, and a median household income of $74,640, Texas presents a viable market for a variety of business opportunities. The 10.2 million households further augment the consumer base for franchise offerings.
With 3 million small businesses, Texas embodies a lively entrepreneurial spirit, setting a fertile stage for franchising ventures.
These elements, coupled with the active franchising sector, earmark Texas as a lucrative locale for franchise investments. The demographic setup, solid economy, and influx of new residents and businesses foster a favorable environment for franchising endeavors in Texas.
Key Cities and Industries
Houston is a city on the rise, with a projected annual growth rate of 1.4% from 2023 to 2028. This steady growth reflects the city's economic vitality and appeal to both businesses and residents. The estimated average household income in 2023 is $150,260, making it an attractive market for various industries. With a per capita income of $66,807, Houston residents have the financial means to support diverse consumer expenditures.
The total annual consumer expenditure of Houston in 2023 is over $18 billion, with significant spending in categories like food and beverages ($2.69 billion) and transportation ($3.31 billion), presenting substantial opportunities for businesses looking to tap into food or automotive franchise markets.
Dallas is also a city with a bright future, poised for a similar annual growth rate of 1.3% from 2023 to 2028. Its thriving economy, characterized by an average household income of $131,767, presents an ideal landscape for businesses to flourish. Dallas' financial stability, reflected in its median household income of $87,136 and per capita income of $57,627, offers a robust consumer base for industries seeking growth and expansion opportunities. Whether you are interested in technology, healthcare, or other franchising sectors, Dallas holds the promise of a vibrant market to explore.
Insights on Page Engagement
Texans account for 9.61% of the total visitors on our platform, indicating a substantial interest in franchising within the state. However, the analytics reveal a bounce rate of 69.53%, and an average page view of two pages per session, suggesting a gap in deeper engagement.
For aspiring franchisees, this landscape offers an opportunity to gain a competitive advantage by delving deeper into our listings. A thorough exploration can provide clearer insights into the Texas market, helping to pinpoint overlooked opportunities. Proactive engagement could position you favorably in identifying the right franchise venture in Texas.
Explore Franchise Listings
Dive into the plethora of franchise opportunities in Texas by exploring the listings below. Your pathway to establishing a thriving franchise in the Lone Star State starts here.
