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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: Overland Park, KS 2024 | ||
| Data | Overland Park, KS | Nationwide |
|---|---|---|
| Population | 203.39 thousand | 333.2 million |
| Proj. 5 Year Population Growth | -1.839% | 0.5% |
| Median Household Income | $145,987 | $74,580 |
| Median Age | 38.09 | 38.9 |
| Residents per Business | 1 to 22 | 10 to 1 |
| Annual Household Expenditures | $10.37 billion | $23.9 trillion |
| City Data retrieved from https://sitesusa.com/Data | ||
Franchising Landscape
Given the economic and demographic data for Overland Park, KS, we can identify several promising industries for new franchisees.
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The home services industry presents a robust opportunity. Overland Park has a high percentage of owner-occupied housing units (66.5%), and the median home value for owner-occupied units is $354,979, which is above the national average. This suggests that homeowners are likely to invest in maintaining and improving their properties. Franchises offering renovation, landscaping, cleaning, and maintenance services could tap into the annual household operations expenditure of $324.28 million.
Real estate franchises could benefit from the city's growth and affluence. The projected population growth of 0.5% annually through 2028, along with an average household net worth estimated at $775,826 in 2023, shows potential for real estate services. The data shows that the median age of homes is 38.5 years, indicating a market for home sales and possibly for renovation services to update older homes. Moreover, with a total annual consumer expenditure of $8.02 billion and a substantial portion dedicated to shelter ($1.68 billion), real estate services have a significant market to serve.
The food industry, particularly fast-casual and upscale dining franchises, could capitalize on Overland Park's affluence and spending habits. With food and beverage expenditures reaching $1.15 billion, there is a clear demand for dining options. The high percentage of working professionals (79.9% white-collar workers) might look for convenience and quality, suggesting a market for franchises that offer quick service without compromising on the dining experience.
Explore the franchise listings below and take the first step towards a rewarding business venture.
Overland Park, Kansas Franchise Opportunities (and Businesses for Sale)
| Order | Franchise Name | Industry Name | Available Capital | ||
|---|---|---|---|---|---|
| 1 |  | PostalAnnex+ | Printing Packing & Shipping | $70,000 | |
| 2 |  | Wealth Automators | Computer & Internet Franchises | $60,000 | |
| 3 |  | Healthy YOU Vending | Vending Franchises | $25,000 | |
| 4 |  | Automated Investments | Business Opportunities | $100,000 | |
| 5 |  | Batteries Plus | Retail Franchises | $100,000 | |
| 6 |  | Proper Ecom Academy | Business Opportunities | $50,000 | |
| 7 |  | American Business Systems, LLC | Financial Franchises | $30,000 | |
| 8 |  | Zoomin Groomin | Pet Franchises | $90,000 | |
| 9 |  | E-Commerce Future USA | Business Opportunities | $30,000 | |
| 10 |  | Minuteman Press International | Printing, Copying, Shipping, Signs Franchises | $50,000 |
Is Overland Park the Right Place to Launch Your Franchise?
- What's the business landscape like in Overland Park?
- Is there a reliable workforce for my franchise?
- Are operational costs affordable in Overland Park?
- How financially stable is the community?
- What makes Overland Park a great fit for franchise owners?
Question:What's the business landscape like in Overland Park?
Answer:Overland Park is home to 86,540 businesses, meaning franchise owners can enter a market with less direct competition and a more localized customer base.
Question:Is there a reliable workforce for my franchise?
Answer:Yes! The city has 143,870 employed individuals, providing a steady and loyal workforce for franchise owners.
Question:Are operational costs affordable in Overland Park?
Answer:Absolutely. With a median rent of $1,157, franchise owners in Overland Park can benefit from lower real estate costs, making it easier to secure commercial space.
Question:How financially stable is the community?
Answer:The average household income in Overland Park is $145,987, supporting a stable and engaged customer base.
Question:What makes Overland Park a great fit for franchise owners?
Answer:With 86,599 housing units and a strong sense of community, Overland Park provides a stable market where franchises can establish long-term success.
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.