Portland, Oregon Franchise Market Analysis
To gain comprehensive insights into Portland, Oregon, 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.
Portland, Oregon Demographic Insights | ||
Households (2023) | 285,390 | |
Households (2028) | 283,085 | |
Population (2023) | 641,717 | |
Population (2028) | 610,764 | |
Per capita Income (2023) | $60,534 | |
Total Household Expenditures | $24,995,592,052 | |
Total Retail Expenditures | $11,676,161,070 | |
Average Household Income (2023) | $135,249 | |
Average Household Income (2028) | $149,226 | |
City Data retrieved from https://sitesusa.com/Data |
Local Insights
The automotive industry in Portland not only benefits from a healthy average household income of $135,249 in 2023 but also reveals opportunities within specific market segments. The gap report shows potential sales of $2.3 billion against actual sales of $1.88 billion in the Motor Vehicle and Parts Dealers category. New Car Dealers alone have potential sales of $1.76 billion compared to actual sales of $1.32 billion. With 41.3% of households having one vehicle and 31.9% having two, franchises offering services such as routine maintenance, specialized modifications for outdoor activities, or upgrades for sustainability are especially promising.
Read MoreThe food industry in Portland is thriving, with a total annual consumer expenditure on food and beverages at $3.62 billion. Meat Markets show potential sales of $16.82 million against actual sales of $9.79 million, while Fruit and Vegetable Markets have potential sales of $10.24 million against actual sales of $3.5 million. Franchises that tap into the organic and local food trend could effectively capture a portion of this spending.
Finally, the retail industry in Portland should not be overlooked. The gap report highlights opportunities with potential sales in General Merchandise Stores at $1.67 billion against actual sales of $1.38 billion. With a significant monthly household retail expenditure of $3,409, which represents 46.7% of the total household expenditure, franchises that align with Portland’s preferences for sustainable goods and technology could be well-positioned for success.
Explore the franchise listings below and take the first step towards a rewarding business venture.
Portland, Oregon Franchise Opportunities (and Businesses for Sale)
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
Exclusive territory. #1 Industry leader since 2001. 100% financing for U.S. citizens who qualify* plus software package with complete training. $100K 1st year profit potential. National alliances...
80k Minimum Cash Required
American Business Systems has been America's Leader in Medical Billing with Unparalleled Training, and Support for over 25 years. $100k Potential working from anywhere, full-time or part-time. Learn more about this…
30k Minimum Cash Required
First on the scene and best in its class, Sky Zone created the world’s first wall-to-wall trampoline park in 2004, bringing healthy, high-flying fun to people across the globe. Now you can be part of this international…
500k Minimum Cash Required
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
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
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As of May 7, 2024: