Top Franchises in Wyoming (WY)

Here are the best franchises for sale in Wyoming. Below is a list of essential demographic data, economic indicators, and insights into key industries that will help you plan out your next franchise venture in Wyoming.

Population per Square Mile5.9
Per Capita Income$39,547
Total Employer Establishments22,474
Total Employment198,810
Total Retail Sales per Capita$15,732

Wyoming, known for its wide-open spaces, has a population density of only 5.9 people per square mile. However, the per capita income stands at $39,547. Retail spending is significant, with total retail sales per capita standing at $15,732. The state's labor market remains strong, as evidenced by an unemployment rate of just 2.9% as of October 2023, which is lower than the national average.

Wyoming's key industries play a significant role in shaping its economic landscape. The sectors of agriculture, forestry, fishing, and hunting have shown remarkable growth, with the highest GDP growth rate in the state at 152.6% annually​. The mining, quarrying, and oil and gas extraction industry also contributes significantly, adding $8.8 billion to the state's GDP. The Wyoming Business Council is actively working to add value to these core industries while leveraging their strengths to activate new sectors like professional services, technology, and advanced manufacturing.

Overall, Wyoming's combination of a steady economy and growth in key industries creates a conducive environment for business opportunities. The state's unique demographic and economic characteristics are essential factors to consider for anyone looking to establish or expand franchise operations in Wyoming.

Cities and Industries

Based on the demographic data for Cheyenne, WY, there is a promising business opportunity in the food and beverages industry. With an average annual household income of $109,976, Cheyenne residents have the means and the potential customer base to support new dining establishments. Additionally, the total annual consumer expenditure of $387.08 million on food and beverages indicates a strong appetite for dining out and enjoying culinary experiences. Franchisees in the food and beverages sector can tap into this market, offering a variety of dining options, from casual to fine dining, to cater to the tastes of Cheyenne's population.

In Gillette, the housing landscape is primarily composed of detached single-family homes, accounting for approximately 56.4% of the total housing units. Additionally, considering the median age of homes in the area is 35.8 years, there may be a growing need for home services as older homes often require updates and improvements. When it comes to consumer expenditure, residents of Gillette allocate a significant portion of their annual spending towards shelter-related expenses, with a total annual expenditure of $218.79 million in this category.

Website Analytics

With an 82.31% bounce rate, an average of 1.37 pages per session, and an average session duration of 35 seconds among our website's Wyoming visitors, it's evident that potential franchisees in Wyoming may not be actively progressing in their franchise journey. However, this situation presents a business opportunity for new potential franchises. By acting today, you can tap into this untapped market and achieve success in Wyoming's franchise landscape, where the competition is potentially minimal.

Franchise Opportunities

Discover a multitude of business opportunities available in the picturesque state of Wyoming below.

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Wyoming

Facts About Wyoming

Capital: Cheyenne
Year of Statehood: 1867
Largest Cities: Cheyenne, Laramie
Motto: Equal Rights.
Nickname: The Equality State
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Franchising Economic Indicators in Wyoming

  • In October 2023, Wyoming's unemployment rate was recorded at 2.9%.  (source)
  • Wyoming is highly regarded for its higher education, ranking 5th on the U.S. News & World Report's "Best States for Higher Education" list.  (source)
  • For the first quarter of 2023, Wyoming's real GDP growth rate was 2.5% per year.  (source)
  • According to a survey by the website WalletHub, Wyoming ranks 22nd among U.S. states in terms of its economic health. (source)

Franchise Opportunities in Wyoming

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

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

We will build, manage, & scale a 100% done-for-you Amazon FBA E-Commerce business. Giving you truly hands-free passive income. Our company utilizes partnerships with established brands, & exclusive pricing with our vetted…

$ 50k Minimum Cash Required

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

Here at The UPS Store franchise, we know first-hand how important a healthy work-life balance is. When you become an owner of a The UPS Store, you are assisted with finding the right balance as you pursue your entrepreneurial…

$ 75k Minimum Cash Required

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