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The table below offers a collection of data aimed at giving potential franchisees a glimpse into their market landscape. Click Read More to delve deeper, uncovering additional information to assist you in making a well-informed decision. These insights are tailored to highlight the opportunities in your city as you consider a franchise purchase.
| Key Data Points for Kansas City, Missouri | ||
| Data | Kansas City, MO | Nationwide |
|---|---|---|
| Population | 516 thousand | 333.2 million |
| Proj. 5 Year Population Growth | -0.8283% | 0.5% |
| Median Household Income | $99,118 | $74,580 |
| Median Age | 35.45 | 38.9 |
| Residents per Business | 1 to 23 | 10 to 1 |
| Annual Household Expenditures | $15.45 billion | $23.9 trillion |
| City Data retrieved from https://sitesusa.com/Data | ||
Franchising Landscape
The average household income, within a 5 mile radius of Kansas City, is approximately $77,921, with projections indicating a rise to $84,049 by 2028. This suggests a promising market for franchise industries that cater to households in the Kansas City metropolitan area.
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When looking at the transportation to work data, a majority of workers (66.9%) in Kansas City commute alone by driving, indicating a potential demand for franchise businesses that offer drive-thru or commuter-friendly services. Additionally, with 20.1% of workers working from home, businesses supporting remote work, such as co-working spaces or tech-related services, could also thrive in the Kansas City market.
In the retail sector, the annual retail expenditure in Kansas City amounts to $2.74 billion, suggesting opportunities for retail franchises, including convenience stores and specialty shops, to cater to Kansas City residents.
Furthermore, Kansas City's substantial expenditure on entertainment, totaling $326.15 million in 2023, suggests that franchises in the entertainment sector, such as cinemas, amusement parks, or event venues, could also be worth exploring as viable options for prospective franchisees looking to invest in the Kansas City market. This significant spending on entertainment reflects a potential audience seeking leisure and entertainment options, making it a promising avenue for franchise growth.
Explore the franchise listings below and take the first step towards a rewarding business venture.
Kansas City, Missouri Franchise Opportunities (and Businesses for Sale)
At Franchise Ventures, we prioritize transparency and objectivity to empower your franchise decisions. Unlike brokers or franchisors, our motivations are unclouded by financial incentives tied to your choices. We don't earn based on the franchise you opt for, instead, our mission is to present you with impartial insights. Navigate through a realm of franchising opportunities with information you can trust.