El Paso, Texas Franchise Market Analysis
To gain comprehensive insights into El Paso, Texas, consider these figures in the table below, which include demographic segments, household dynamics, and financial averages, all pivotal in assessing the viability and promise of your franchise endeavor.
El Paso, Texas Demographic Insights | ||
Households (2023) | 238,997 | |
Households (2028) | 238,380 | |
Population (2023) | 675,051 | |
Population (2028) | 668,227 | |
Per capita Income (2023) | $31,000 | |
Total Household Expenditures | $15,124,657,468 | |
Total Retail Expenditures | $7,140,628,088 | |
Average Household Income (2023) | $87,195 | |
Average Household Income (2028) | $93,678 | |
City Data retrieved from https://sitesusa.com/Data |
Local Insights
The healthcare and senior care industry in El Paso not only benefits from an estimated $1.27 billion annually in consumer healthcare expenditures but also from a retail gap report showing potential pharmacy and drug store sales of $214.17 million against actual sales of $181.6 million. The average household income in El Paso, currently at $87,195, supports the financial ability of consumers to engage with private healthcare and senior care services, making this sector a robust choice for potential franchises.
Read MoreThe importance of education in El Paso is apparent, with consumers committing a robust $451.54 million annually to education expenditures. The city’s household composition accentuates the potential in the education sector, with 18.2% of households consisting of 3-person families, and another substantial 15.0% being 4-person households. These statistics not only suggest a sizable presence of school-aged children but also indicate a community that may place a high value on education and child development. Franchises offering a range of educational services, from after-school tutoring to specialized skill development programs, are well-positioned to tap into this market.
El Paso also presents a promising landscape for franchises specializing in business services, supported by the city’s solid base of over 24,601 businesses and a workforce comprising 246,630 employees. With a substantial portion of the city's workforce engaged in white-collar jobs (57.6%), there is a clear demand for services that support the operations of these businesses. This includes corporate training, marketing and advertising services, accounting, logistics, and other support services.
Explore the franchise listings below and take the first step towards a rewarding business venture.
El Paso, Texas Franchise Opportunities (and Businesses for Sale)
Sniffing around for a great new opportunity? Zoomin Groomin is expanding our Mobile Pet Grooming business nationwide. Set your own schedule, be your own boss and work with pets all day. We’ll be right by your side, every…
100k Minimum Cash Required
Did you know you could partner with a company to build out your entire e-commerce store, from product research to inventory acquisition to marketing? Yep! You can easily make 6-7 figures in passive income when we build your…
30k Minimum Cash Required
At Angora, we have developed the #1 system for building, launching & scaling ecommerce stores. We know success lies in creating a simple, replicable process, and as such have built our process around it. Because of this, no…
60k Minimum Cash Required
VOTED TOP PART TIME - WORK AT HOME BUSINESS! Are You Looking to Make an Additional $100,000 in the Next 12 Months - No Employees to Hire - No Equipment to Rent/Buy - No Office/Warehouse to Rent/Lease - Start Making money in…
30k Minimum Cash Required
ATAX Tax Service is your premier destination for comprehensive and reliable tax assistance.
40k Minimum Cash Required
There is NO better business model that is designed to excel in inflation, recession, and uncertain times. We help you create the ultimate MONTHLY cash flow for years by helping companies save money when they need it. Buy a…
70k Minimum Cash Required
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As of May 16, 2024: