I think it might work in a big city. Look how popular TG escorts are: about 25% of escorts on eros.com are TG, even though TG are only a tiny fraction (less than 1 in 10000 ?) of the population.
And I'm told by a TG friend of mine who dances at various clubs (gay or otherwise) that putting on shows can be pretty lucrative. She doesn't strip, just dances around on stage and collects tips, but the point is that TG entertainment is becoming very popular, I think.