Houston, Texas Franchise Market Analysis
To gain comprehensive insights into Houston, 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.
Houston, Texas Demographic Insights | ||
Households (2023) | 940,022 | |
Households (2028) | 1,026,486 | |
Population (2023) | 2,392,170 | |
Population (2028) | 2,587,041 | |
Per capita Income (2023) | $42,947 | |
Total Household Expenditures | $69,684,930,686 | |
Total Retail Expenditures | $32,624,394,132 | |
Average Household Income (2023) | $108,917 | |
Average Household Income (2028) | $107,615 | |
City Data retrieved from https://sitesusa.com/Data |
Local Insights
The automotive industry stands out as a promising sector in Houston, TX. Houston has an estimated population density of 3,560 people per square mile in 2023 and an average of 1.6 vehicles per household. The growth in population, estimated at 1.6% annually from 2023 to 2028, indicates an increasing number of vehicles and a need for automotive services such as maintenance, repair, and car washes. The fact that 67.8% of the working population drives to work alone suggests a high dependency on personal vehicles, further bolstering the case for automotive franchise opportunities. Notably, the Mobile Home Dealers category within the automotive sector reveals a market gap, with potential sales at $37.7 million significantly exceeding actual sales of $10.52 million, marking an intriguing niche for potential franchisees.
Read MoreSecondly, the health and fitness industry should be considered. With an annual consumer expenditure on health care at $5.71 billion, there is a clear focus on health-related spending in Houston. Franchises in the gym, personal training, or specialized fitness centers could capitalize on this trend, particularly given the growing awareness of health and wellness in today's society.
Home services also emerges as a lucrative industry for franchising in Houston. The data shows that there are 940,022 households in Houston as of 2023, with a projected growth in households to 1.03 million by 2028. With 51.4% of housing units owner-occupied and a median home value of $248,751, there is a considerable market for home improvement and maintenance services.
Additionally, with $2.3 billion spent annually on education and a projected population growth, there is also a potential market for educational services, including tutoring, test preparation, and skill development.
Explore the franchise listings below and take the first step towards a rewarding business venture.
Houston, 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
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
My Business Venture gives you the ability to start an online business from your home. We provide you access up to 1 million products & you chose up to 2,000 you want to feature on your website! MBV’s 10% Price Guarantee on…
3,995 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
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
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
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