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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 |
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.
Read MoreWith 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.
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.
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