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)
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
Wings Etc. is a sports-themed, family-friendly restaurant and pub with over 30 years of industry-leading experience. With a diverse menu featuring Award-Winning Jumbo Wings, Premium Burgers, Wraps, Salads, Cold Beers, and…
350k 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
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
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
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
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As of May 1, 2024: