Dallas, Texas Franchise Market Analysis
To gain comprehensive insights into Dallas, 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.
Dallas, Texas Demographic Insights | ||
Households (2023) | 534,163 | |
Households (2028) | 566,279 | |
Population (2023) | 1,313,457 | |
Population (2028) | 1,394,239 | |
Per capita Income (2023) | $47,268 | |
Total Household Expenditures | $41,662,716,230 | |
Total Retail Expenditures | $19,486,362,389 | |
Average Household Income (2023) | $115,947 | |
Average Household Income (2028) | $117,986 | |
City Data retrieved from https://sitesusa.com/Data |
Local Insights
With an estimated population of 1.31 million in 2023 and projected to increase to 1.39 million by 2028, Dallas presents significant opportunities for franchise industries that can cater to this growing demographic. The food and beverage industry is particularly promising, with the total annual consumer expenditure on food and beverages reaching $6.08 billion in 2023. Furthermore, the high percentage of single-person households (36.6%) indicates a potential market for quick-service and fast-casual dining franchises that offer convenience to individuals who may prefer dining out or ordering in over cooking at home.
Read MoreThe estimated average household net worth in Dallas is substantial at $535,819, and the annual growth rate of average household income from 2000-2023 has been 4.4%. This financial capacity supports the viability of home services franchises, which can include home improvement, cleaning, and maintenance services. Home services franchises can capitalize on the 47% of housing units that are owner-occupied, with a median home value of $279,920.
Dallas’ retail industry also shows promise with department stores exhibiting a gap, where potential sales are $735.78 million compared to actual sales of $557.45 million, suggesting a substantial opportunity for retail franchises to tap into. Additionally, pet and pet supply stores demonstrate a potential of $153.23 million versus actual sales of $100.49 million, opening the door for pet-related franchises to serve the needs of pet owners in the city. Retail franchises, especially those that can leverage the high traffic of working individuals (with a total employee count of 791,056 in the city), can thrive in Dallas by targeting the specific gaps in consumer demand.
Explore the franchise listings below and take the first step towards a rewarding business venture.
Dallas, 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
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
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
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 1, 2024: