Irvine, California Franchise Market Analysis
To gain comprehensive insights into Irvine, California, 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.
Irvine, California Demographic Insights | ||
Households (2023) | 118,907 | |
Households (2028) | 126,751 | |
Population (2023) | 321,916 | |
Population (2028) | 343,276 | |
Per capita Income (2023) | $61,609 | |
Total Household Expenditures | $12,194,054,349 | |
Total Retail Expenditures | $5,670,035,110 | |
Average Household Income (2023) | $165,783 | |
Average Household Income (2028) | $170,100 | |
City Data retrieved from https://sitesusa.com/Data |
Local Insights
Home services in Irvine can thrive, as indicated by the 93.1% housing units occupied and a high median home value of $944,595. The gap report shows a high potential in building materials and garden equipment, with $314.75 million in potential sales versus $129.08 million actual sales. Franchises that cater to home renovation, gardening, and improvement can capitalize on the city's housing market strength and consumer readiness to invest in their properties.
Read MoreIn Irvine, the business services sector stands as a compelling opportunity for franchises. This is underlined by the city's strong corporate presence, with a total of 23,366 businesses and a substantial white-collar workforce that represents 83.7% of the city’s occupation. The city's average household income of $165,783 and the median household income of $134,619 point to significant purchasing power. Additionally, franchises that provide digital transformation services could also see high demand, given the city’s robust tech industry.
Looking at the transportation data, with an average of 1.8 vehicles per household and 214,928 total vehicles available in the area, the automotive industry also has substantial potential. This includes opportunities for car repair, maintenance services, and perhaps even specialized automotive products catering to a community that relies heavily on personal transportation.
Explore the franchise listings below and take the first step towards a rewarding business venture.
Irvine, California Franchise Opportunities (and Businesses for Sale)
Today's busy lifestyles demand the services PostalAnnex+ offers. Capitalize on this demand and open your own business!! After retiring from the printing business PostalAnnex+ founder Jack Lentz began working out of his…
70k Minimum Cash Required
ATAX Tax Service is your premier destination for comprehensive and reliable tax assistance.
40k Minimum Cash Required
Over 30 years of consistent growth. Ongoing support. Multiple revenue streams. Whether you’re looking into owning your very first store, or you’re interested in adding to your existing franchise portfolio, Batteries Plus…
100k 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
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
At Franchise Gator, we prioritize transparency and objectivity to empower your franchise decisions. Unlike brokers or franchisors, our motivations are unclouded by financial incentives tied to your choices. We don't earn based on the franchise you opt for, instead, our mission is to present you with impartial insights. Navigate through a realm of franchising opportunities with information you can trust.
Most Popular Industries & Categories
As of May 15, 2024: