Oklahoma City, Oklahoma Franchise Market Analysis
To gain comprehensive insights into Oklahoma City, Oklahoma, 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.
Oklahoma City, Oklahoma Demographic Insights | ||
Households (2023) | 276,281 | |
Households (2028) | 293,503 | |
Population (2023) | 702,114 | |
Population (2028) | 752,195 | |
Per capita Income (2023) | $38,258 | |
Total Household Expenditures | $18,807,735,139 | |
Total Retail Expenditures | $8,857,593,725 | |
Average Household Income (2023) | $96,683 | |
Average Household Income (2028) | $98,169 | |
City Data retrieved from https://sitesusa.com/Data |
Local Insights
Oklahoma City's commercial landscape is vibrant, with a total of 30,699 businesses and a workforce of 359,570 employees. The business services sector, which is foundational for supporting these enterprises, holds significant potential. The city's steady growth, reflected in a projected population increase of 7.1% from 2023 to 2028, is indicative of expanding commercial activity. The data suggests a vast, untapped market for business services that operate online or through direct sales, which could include B2B e-commerce platforms, specialized supply services, or direct-to-business marketing and sales solutions.
Read MoreOklahoma City's automotive sector is also robust, with 38.7% of households having access to 2 vehicles and 19.1% with access to 3 or more. The city's population of 702,114 and growth projection suggests a stable and increasing demand for automotive services. Franchisees can tap into this existing customer base and capitalize on the market's needs for vehicle maintenance and repair services.
The demand for home services in Oklahoma City is underlined by the fact that 90.3% of housing units are occupied, and the median age of homes is 43.1 years. There's a significant gap in the market for Home Furnishing Stores, with potential sales at $54.92 million, while the actual sales sit at $16.37 million. This demonstrates a substantial opportunity for franchises that provide home maintenance, renovation, and repair services.
Explore the franchise listings below and take the first step towards a rewarding business venture.
Oklahoma City, Oklahoma Franchise Opportunities (and Businesses for Sale)
Did you know you could partner with a company to build out your entire e-commerce store, from product research to inventory acquisition to marketing? Yep! You can easily make 6-7 figures in passive income when we build your…
30k Minimum Cash Required
Crave is searching for franchise partners in the U.S. At Crave we offer BBQ, Hot Dogs, Self Pour Beer, Ax Throwing and so much More! We are one of the fastest growing Hot Dog franchises, winner of best southern BBQ and…
80k Minimum Cash Required
Dryer Vent Wizard is an award-winning dryer vent cleaning franchise, but you don't have to touch lint to be an owner. Operating within a growing and underrepresented industry that provides in-demand services, franchise…
30k Minimum Cash Required
Mr. Rooter is an award-winning plumbing franchise, but you don't need experience as a plumber to be an owner. Operating within a growing and recession-resilient industry that provides in-demand services, franchise owners…
50k Minimum Cash Required
Aire Serv is an award-winning HVAC franchise, but you don't need technician experience to be an owner. Operating within a growing and recession-resilient industry that provides in-demand services, franchise owners enjoy…
50k 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 April 30, 2024: