Franchises for Sale in Plano, Texas
To gain comprehensive insights into Plano, 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.
Plano, Texas Demographic Insights | ||
Households (2023) | 113,795 | |
Households (2028) | 129,240 | |
Population (2023) | 291,827 | |
Population (2028) | 323,951 | |
Per capita Income (2023) | $63,231 | |
Total Household Expenditures | $11,508,445,666 | |
Total Retail Expenditures | $5,377,482,865 | |
Average Household Income (2023) | $162,097 | |
Average Household Income (2028) | $153,904 | |
City Data retrieved from https://sitesusa.com/Data |
Local Insights
Plano's Health and Fitness industry is ripe for development, with residents allocating a substantial portion of their household expenditure to health care, amounting to $913.21 million annually. The estimated per capita income is a healthy $63,231, and the median household income stands at an impressive $114,257 in Plano. These figures suggest that the community has the disposable income to support premium health and fitness services. Moreover, the stable economy reflected by the 2.9% unemployment rate may encourage discretionary spending on memberships and wellness services.
Read MoreGiven the 113,795 households in Plano, there's a significant potential for pet ownership and subsequent spending on pet care and services. The high average household income further supports the likelihood of discretionary spending in this category. The gap report reveals that pet and pet supply stores have potential sales of $42.79 million against actual sales of $37.2 million, presenting an opportunity for businesses that provide a range of pet-related services, from grooming to specialty retail.
The reliance on vehicles in Plano is evident, with 42.4% of households owning 2 vehicles and 20% owning 3 or more. This dependency signals a steady need for automotive services such as maintenance, repair, and detailing. The potential for growth in this sector is underscored by the fact that auto parts and accessories stores have a potential sales figure of $64.61 million, higher than the actual sales of $45.47 million, indicating a gap in the market that an automotive franchise could fill.
Explore the franchise listings below and take the first step towards a rewarding business venture.
Plano, Texas Franchise Opportunities (and Businesses for Sale)
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
N-Compass TV has created a network of community-based entrepreneurs who have a business in Indoor Digital Billboards. Screens are placed inside popular places of business in a protected territory. Advertising is then sold to…
30k Minimum Cash Required
Caring Transitions is a low-cost, home-based franchise that allows you to help older adults and their families with major transitions. Rather than concentrate on one service, we focus on the full needs of our clients in this…
50k Minimum Cash Required
Invest soundly in a bright future. At Truly Nolen, we have spent considerable time and effort developing each of our pest control programs for commercial and residential properties. Learn more about our offerings! Learn more…
50k Minimum Cash Required
ATAX Tax Service is your premier destination for comprehensive and reliable tax assistance.
40k Minimum Cash Required
Pinch A Penny is America’s largest swimming pool retail, service and repair franchise. We are looking for smart, strong leaders to help us grow. Pinch A Penny franchisees benefit from the brand’s multiple streams of…
150k Minimum Cash Required
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As of October 22, 2024: