Franchises for Sale in Texas

Business Landscape

Texas has experienced a significant population increase of 4.7% from 2020 to 2023, reflecting a growing market for franchises. Total employment in Texas has reached 10.7 million, showcasing a vast labor pool. The average travel time to work is 26.6 minutes, highlighting the importance of location convenience for businesses.

The Texas economy has been expanding robustly, outpacing the national growth for five consecutive quarters. In the third quarter of 2023, the state's GDP grew at an impressive annual rate of 7.7%, demonstrating a strong and resilient economy. 

This growth has been accompanied by significant job creation, with Texas adding more jobs than any other state in the nation over the last 12 months. The state added 407,100 jobs from November 2022 to November 2023, growing at an annual rate of 3%, which is higher than the national average. Key sectors showing over 5% growth include education, health, leisure, hospitality, and construction.

Texas is not just a national leader but also a significant player on the global stage. The Texas economy is the 8th largest in the world, with a value of more than $2.4 trillion. This global economic standing highlights the state's wide-ranging influence and potential for franchises looking to tap into a diverse and large market.

Cities and Industries

In the city of Austin, Texas, the demographic landscape offers valuable insights for businesses seeking success in this dynamic environment. The median household income stands at approximately $101,912, reflecting the affluence of the area. Austin's residents had a total annual consumer expenditure of approximately $6.91 billion in 2023, making Austin an attractive opportunity for retail businesses looking to establish or expand their presence in this thriving Texan city.

In the Dallas, TX area, transportation plays a pivotal role in the local economy. The median household income, standing at approximately $88,853, reflects the financial stability of the residents. Notably, the transportation expenditure within the region is substantial, with a total annual consumer expenditure of $2.67 billion dedicated to transportation. Additionally, a substantial percentage of residents, approximately 64.1%, prefer to drive to work alone, highlighting the strong dependence on personal vehicles. This data underscores the potential for automotive franchise businesses to blossom in this growing community.

Analysis of Engagement

Potential franchisees in Texas are actively engaging with our website, representing a notable 10.43% of our total user base. These individuals show promising interest, averaging 2.01 pages per session. With a bounce rate of 57.71%, there's a golden opportunity for Texas-based entrepreneurs to delve deeper into our extensive business resources and franchise listings. Don't wait; explore our offerings now and stay ahead of the competition to seize your franchise dreams.

Business Opportunities

Discover a wide-ranging directory of businesses for sale in the state of Texas.