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)
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
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
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
Here at The UPS Store franchise, we know first-hand how important a healthy work-life balance is. When you become an owner of a The UPS Store, you are assisted with finding the right balance as you pursue your entrepreneurial…
75k Minimum Cash Required
Get started for as little as $15,000. Make an investment in your future. No franchise fees, setup fees or training costs. 100% of your investment goes to your business. Do you need work that can fit around your family…
15k Minimum Cash Required
First on the scene and best in its class, Sky Zone created the world’s first wall-to-wall trampoline park in 2004, bringing healthy, high-flying fun to people across the globe. Now you can be part of this international…
500k Minimum Cash Required
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As of May 5, 2024: