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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 Oklahoma City, Oklahoma | ||
| Data | Oklahoma City, OK | Nationwide |
|---|---|---|
| Population | 702.11 thousand | 333.2 million |
| Proj. 5 Year Population Growth | -6.8873% | 0.5% |
| Median Household Income | $96,683 | $74,580 |
| Median Age | 34.53 | 38.9 |
| Residents per Business | 1 to 23 | 10 to 1 |
| Annual Household Expenditures | $18.81 billion | $23.9 trillion |
| City Data retrieved from https://sitesusa.com/Data | ||
Franchising Landscape
Oklahoma City's labor market is bustling with activity, showcasing a workforce of over 168,000 individuals within a 5 mile radius of the city's center. The area hosts a robust number of over 12,500 businesses, presenting lucrative business opportunities for potential franchisees in various sectors such as business services, commercial cleaning, and office supplies.
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With 70.7% of the housing profile in Oklahoma City consisting of single-detached units, there's a continuous demand for home service franchises. Owners of the 61,613 aging properties, with a median age of 59.6 years, are potential clients for franchises specializing in home improvement, renovation, and maintenance services.
The business-to-consumer landscape is particularly promising, considering the healthy employee-to-business ratio of 14.2 to 1 and the residential population's presence at a ratio of 17.5 to 1. This dynamic suggests a welcoming climate for new franchises that can cater to a broad audience, providing services that appeal to both individual consumers and the corporate community.
Moreover, the substantial annual consumer spending of $4.67 billion, with retail expenditures reaching $2.2 billion and food and beverage spending at $693.95 million, uncovers a breadth of business opportunities. Franchisees looking to invest in the food industry, health services, or entertainment-related ventures will find Oklahoma City a promising market for launching and growing their enterprises.
With these compelling economic indicators, Oklahoma City emerges as an advantageous location for a range of businesses for sale, offering a spectrum of opportunities for savvy entrepreneurs ready to tap into its growth potential.
Explore the franchise listings below and take the first step towards a rewarding business venture.
Oklahoma City, Oklahoma Franchise Opportunities (and Businesses for Sale)
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