McKinney, Texas Franchise Market Analysis
To gain comprehensive insights into McKinney, 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.
McKinney, Texas Demographic Insights | ||
Households (2023) | 74,205 | |
Households (2028) | 89,677 | |
Population (2023) | 204,996 | |
Population (2028) | 240,236 | |
Per capita Income (2023) | $54,319 | |
Total Household Expenditures | $6,997,649,486 | |
Total Retail Expenditures | $3,275,341,916 | |
Average Household Income (2023) | $149,788 | |
Average Household Income (2028) | $133,325 | |
City Data retrieved from https://sitesusa.com/Data |
Local Insights
McKinney's affluent community, with an estimated average household income for 2023 at $149,788, indicates strong potential for healthcare franchises. The gap report shows that while potential sales for health and personal care stores stand at $114.8 million, the actual sales are only at $72.93 million. This demonstrates a substantial market opportunity for franchises that can offer a spectrum of services, from in-home care to specialized healthcare facilities.
Read MoreA thriving housing market in McKinney, with a 98.3% occupancy rate and a median home value of $380,938, signals a high demand for home service franchises. The gap in furniture and home furnishings sales, where potential sales are at $77.16 million versus actual sales of $30.01 million, highlights a significant opportunity for businesses that offer home improvement and renovation services.
The substantial spending on food and beverages, totaling over $1.01 billion annually, combined with a significant proportion of the population working from home (32.5%), presents fertile ground for food industry franchises. There is a noticeable opportunity in full-service restaurants, with potential sales of $251.81 million compared to actual sales of $208 million. This suggests that McKinney could support more upscale dining options, as well as cater to the convenience of remote workers through delivery or take-out services.
Explore the franchise listings below and take the first step towards a rewarding business venture.
McKinney, Texas Franchise Opportunities (and Businesses for Sale)
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
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
Today's busy lifestyles demand the services PostalAnnex+ offers. Capitalize on this demand and open your own business!! After retiring from the printing business PostalAnnex+ founder Jack Lentz began working out of his…
70k Minimum Cash Required
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
American Business Systems has been America's Leader in Medical Billing with Unparalleled Training, and Support for over 25 years. $100k Potential working from anywhere, full-time or part-time. Learn more about this…
30k Minimum Cash Required
Come take advantage of the lucrative real estate industry by partnering with America’s #1 home buyer, HomeVestors of America. With our strong branding, mass marketing campaigns, and intensive training, you will be buying…
100k Minimum Cash Required
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As of May 16, 2024: