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)
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
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
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
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
Come take advantage of the lucrative real estate industry by partnering with America’s #1 home buyer, HomeVestors of America. With our strong branding, mass marketing campaigns, and intensive training, you will be buying…
100k Minimum Cash Required
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As of May 9, 2024: